What are Utility Incentives?
Utility incentives are offered by local utility companies as a way to promote reduction in energy consumption. They are often distributed in the form of a customer rebate. You can learn more about how utility incentives work here. Here, we are specifically referring to incentives your facility can take advantage of for energy savings mechanical insulation projects.
Where are the best incentives available right now?
We're going to break down the best incentives available for 2022 by region for you.
East
- Connecticut
- Program Name: Energize CT
- Current incentives offer: Includes enhanced savings opportunities for projects that involve multiple energy savings solutions. Current rebates are listed at
- $4/CCF for one solution (Up to 40% of project cost)
- $5/CCF for two solutions (Up to 50% of project cost)
- $6/CCF for three solutions (Up to 65% of project cost)
- Eligible Projects: Retrofit projects and renovations
- Maine
- Program Name: Efficiency Maine
- Current incentive offer: $2.50/Therm (Up to 50% of project cost)
- Eligible Projects: Commercial & Industrial energy efficiency and distributed generation projects
- Maryland
- Utility Company: Washington Gas
- Current incentive offer: $3.70/Therm; $3-5/linear ft of pipe insulation (Up to 50% of project cost)
- Eligible Projects:Retrofit projects and renovations
- New Hampshire
- Utility Company: NH Saves program (All four utilities participate)
- Current incentive offer: $3/Therm (Up to 35% of project cost)
- New Jersey
- Utility Company: PSEG
- Current incentive offer: $3.50/Therm (Up to 50% of project cost)
- Eligible Projects: Custom energy efficiency projects
- New York
- Utility Company: Con Edison
- Current incentive offer: $4/Therm; $4-10/linear ft of pipe insulation (Up to 70% of project cost)
- Eligible Projects: Commercial and industrial projects. Bonus program for Low-Middle Income Multifamily residence projects.
- Utility Company: National Grid
- Current incentive offer: $2/Therm (Up to 70% of project cost)
- Eligible Projects: Custom energy projects. Bonus program for Low-Middle Income Multifamily residence projects.
Midwest/Mountains
- Colorado
- Utility Company: Xcel
- Current incentive offer: $0.40/Therm ; $6-8/linear ft. of pipe insulation
- Eligible Projects: A wide range of energy efficiency projects for business customers
- Indiana
- Utility Company: Nipsco
- Current incentive offer: $1/Therm; $3-8.50/linear ft. of pipe insulation
- Eligible Projects: Custom energy savings projects
- Michigan
- Utility Company: DTE
- Current incentive offer: $0.35/Therm; $6/linear ft. of pipe insulation (Up to 50% of project cost)
- Eligible Projects: Custom projects must involve a facility improvement that results in a permanent reduction in electrical (kWh) and/or natural gas (Mcf) energy usage due to an increase in system efficiency.
West
- California
- Utility Company: SoCalGas
- Current incentive offer: $2-4/Therm; $8-32/linear ft of pipe insulation (up to $500,000 per site, and up to $1,000,000 per customer)
- Eligible Projects: Commercial and industrial insulation projects that meet program specifications
- Idaho
- Utility Company: Avista
- Current incentive offer: $3/Therm
- Eligible Projects: Custom energy efficiency projects for business customers
- Oregon
- Program Name: Energy Trust
- Associated utility companies: NW Natural, Cascade, & Avista
- Current incentive offer: $2-3/Therm; $4-12/linear ft of pipe insulation
- Eligible Projects: Custom energy efficiency projects
- Washington
- Utility Company: PSE
- Current incentive offer: $6/Therm (Up to 70% of project cost)
- Eligible Projects: Commercial retrofit projects
- Utility Company: Avista
- Current incentive offer: $3.50/Therm (Up to 70% of project cost)
- Eligible Projects: Custom energy efficiency projects for business customers
Who can take advantage of these incentives?
That varies by geography, but typically utility business customers have access to incentives through the programs set up by their local utility provider.
When do incentives expire?
Again, this varies by region. However, often, incentives have a deadline for project completion that lines up with the calendar year, meaning that the project needs to be finished by December. Thermaxx can help you in identifying and to work within these deadlines to ensure your facility doesn't miss out on valuable money back on your energy savings project.
Don't see your local utility provider listed or just want to learn more about taking advantage of utility incentives in your area? You can email Utilities Analyst, Sam Esterman, or contact us today. Don't wait too long, though, these great incentives won't stick around forever!