Certain lighting retrofit projects may qualify for rebates, incentives and/or tax deductions. These incentives, which are provided by Federal, State Governments and Electric Utility Companies are offered to promote the installation of renewable energy and energy efficient equipment to further encourage the reduction of energy consumption.
Rebates are offered by the utility companies to promote the installation of renewable energy and energy efficiency projects.
Utility Rebate Program
The electric utility rebate programs provide monetary incentives for equipment installations that meet the specified requirements of the program. The energy conservation measures that qualify and the associated rebate amount vary by electric utility company. These programs are subject to periodic revisions and updates which can effect the total rebate incentive. One of the reasons to use an energy efficient lighting firm is they will be familiar with these incentives and can maximize the rebate being offered by making sure the equipment and design are aligned with the rebate program.
The requirements to qualify and submit may be quite complex or relatively simple – depending upon the incentive being considered. Our AEC staff is well versed in these matters and adept in applying them to projects that we design. As a trade ally of many of the utility incentive programs, we closely monitor their programs and attend their seminars and workshops to be sure that we are up to date on the rebate measures. As part of the service to our customers, we handle all aspects of the rebate process by preparing and submitting the documentation as required by each utility company at no additional charge to our customers.
PJM Capacity Rewards Program
Large regional cooperatives manage the generation and transmission of electricity in North America. These cooperatives are independent of individual power plant owners or utilities and are responsible for the safety and reliability of our electric grid. The largest cooperative is called the PJM Interconnect, LLC and covers all or parts of thirteen states—from Chicago to Virginia, including the District of Columbia. It also includes all of Pennsylvania, Ohio, Delaware, New Jersey, and Maryland. The PJM capacity rewards program is separate from the utility rebate program and other state incentives for energy efficiency and taking advantage of one does not preclude participation in the other.
The rewards / incentives are based on expected demand reduction from an energy efficiency project. The capacity rewards are obtained through an auction process with a regional transmission organization. The rewards are paid directly to the building owner of the energy project over a four year term.