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When qualifying businesses make an investment in energy savings through the EnergyRight Solutions for Business Program, they may qualify for an incentive payment that will help offset some of their investment costs. These incentives are available for those projects that help reduce TVA’s power demand.
overview of incentives
What types of business can participate?
Commercial businesses that are served by a participating power company and have an electric energy efficiency project may be able to participate.
What types of incentives are available?
Financial assistance is available to help you make the transition to a more energy efficient facility. Two types of financial assistance, Standard Rebates and Custom Incentives , are available to help reduce your project costs and accelerate your payback. These rebates and incentives are offered through participating local power companies in partnership with TVA.
TVA offers a lump-sum incentive amount of $0.10 per kWh on first-year savings or 70 percent of project cost, whichever is less, for the implementation of approved energy efficiency projects that result in energy savings. Incentives are based on post-measurement results.
How can businesses find out if they qualify for efficiency incentives?
Follow these simple steps:
- Contact your local power company to find out if it participates in the EnergyRight Solutions incentive program. If so, the distributor can provide more information on program details, the process for subscribing and whether your business qualifies for the efficiency incentive.
- See How to Get Started.