Government agencies, utilities and others offer a variety of tax credits, rebates and other incentives to support energy efficiency. Companies can do their part by using renewable energy sources to conserve energy and lessen pollution. Even small changes can add up to big savings. For example, lighting can account for approximately 20-30% of the energy used in a commercial or industrial building, reducing individual lamp consumption can have an immediate noticeable effect on the entire energy bill. But navigating utility rebate programs from state to state can be a tricky process, especially for large companies managing multiple properties.
Here are some common challenges companies face when navigating utility rebate programs:
- Energy rebates are issued by utility companies and vary from company to company.
Misunderstanding the way the utility incentive and rebate programs work might adversely affect any given project’s cost-effectiveness. Staying up to date with the appropriate utility incentive or rebate program before the project begins can be a huge task. Utility service providers should be contacted before the project begins to ensure program compatibility.
- Rebate programs update annually, if not bi-annually or quarterly. Most companies do not stay up to date on every single rebate program’s update or are not familiar with the program requirements. As a consequence, either through specifying disqualified equipment or being unable to provide sufficient documentation, the implemented measure no longer qualifies for an incentive or rebate.
- Many programs require you to ‘reserve’ your rebate fund and will not honor a rebate if they run out of funds before you reserve your share. Often times companies do not engage their utility service provider early enough in the process. Project managers might not always be aware of local utility incentive and rebate programs. When managers try to complete a rebate application too late, they contact their local electric utility service provider, only to find out they no longer qualify. In some cases, although the intent of the measure might qualify for an incentive or rebate, the actual equipment installed disqualified them from receiving rebates because it did not meet the minimum efficiency requirements of the program.
Selecting the right partner can help organize, speed up, and help your company achieve the maximum possible rebate for any eligible project.
Monterey Energy helps companies navigate the rebate program by:
- Staying abreast of the most recent information available from rebate programs across the country.
- Providing turn-key solutions which take into account for the best rebate programs for your project.
- Managing the rebate application process for you, including documenting assumptions in the energy savings spreadsheet and summarizing the approach taken to utilities.
- Interfacing with the appropriate utility and government organizations on your behalf.