Electric Forklifts

Power up with cash incentives for replacing your internal combustion forklift with an electric equivalent.

Electric forklifts have lower operating costs, lower emissions, less maintenance and quieter operation. The Tennessee Valley Authority (TVA) incentivizes the replacement of internal combustion forklifts with electric powered forklifts. Incentives are available for a limited time for the replacement of internal combustion forklifts with electric-powered forklifts. You can receive a $2,000 incentive when you make the switch.

Replacing Existing Forklifts or Purchasing New ones?

A $2,000 incentive is available for the purchase of a new Class 1 or Class 2 electric forklift instead of the purchase or lease of a Class 4 or Class 5 internal combustion forklift. There’s a $500 incentive per forklift for a Class 3 (Electric Motor Hand or Hand-Rider Trucks) forklift.

A $1,000 incentive is available for the lease of a new or refurbished Class 1 or Class 2 electric forklift. Must be a fleet expansion or replacement of a Class 4 (cushion tire) or Class 5 (pneumatic tire) forklift. There’s a $250 incentive per forklift for the lease of a Class 3 (Electric Motor Hand or Hand-Rider Trucks) forklift.

Operational Criteria

Applicant must purchase or lease a new electric forklift and have it remain operational at the site for a minimum of the following to receive the incentive:

  • Two years if operating at a 3-shift per day operation
  • Three years if operating at a 2-shift per day operation
  • Five years if operating at a 1-shift per day operation

Want More Information?

Find a Program Vendor

List of Valley-wide forklift vendors.

Contact Us

Contact your Local Power Company or an Electric Forklift Program representative by calling toll-free (866) 233-0450, or send an email to electric.forklift@tva.gov.

Application Process

Complete the incentive application and follow these easy steps:

Step Duration
Submit incentive application 2-3 weeks
Participant receives incentive offer
Participant signs and returns incentive offer Up to 2 weeks
Forklift is delivered and begins operation Up to 12 weeks
Participant submits completion paperwork
On-site inspection, as required. Incentive is processed and check is sent 2-4 weeks

Note: Durations are approximate

Expert Advice Available

When you’re ready to move toward wise energy use, we have a trusted energy advisor standing by to help you realize your goals. Click here to connect with your personal EnergyRight Solutions representative.

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Choose a qualified contractor from our exclusive Preferred Partners Network. Search our database to find a match that’s right for you.

EnergyRight Incentives

Investing in emerging electric technologies can reduce your carbon footprint, increase productivity, enhance brand image and improve your bottom line. EnergyRight Solutions now offers incentives for efficiency and electrification measures. Click here to learn more about our incentives.

Call on Us

Do you have questions or special concerns? Do you need to to talk to an EnergyRight consultant in your area? If so, we want to hear from you. Contact us at:

EnergyRight Solutions for Business + Industry
(866) 233-0450
424 Church Street, Suite 1320
Nashville, TN 37219

Forklift Resources

The Electric Power Research Institute (EPRI) offers an e-learning tool to help you decide if electric forklifts are right for your business or check out the the lift truck cost comparison calculator.

Forklifts for the Future

HEXPOL Compounding of Jonesborough, Tenn., puts a $4,000 incentive from EnergyRight Solutions at the center of its environmental responsibility plan. "The switch has made a fairly major impact in reduced emissions," says maintenance manager Steve Young. Read more.