2024 Utility Incentives & Rebates Update

What Are Utility Incentive Programs?

Utilities throughout the country have been mandated by governing bodies to drive down energy usage. One way to accomplish that is on the consumer side - the utilities offer rebates to residential and commercial customers for certain projects which reduce consumption. These rebates are funded by a fee on most customers’ energy bills called “System Benefit Charge” (or similar.) If you pay into that fee-based fund, your company may be eligible for project rebates or incentives, meaning cash back on projects that will also saving your facility money.

How Are Utility Incentives Calculated?

Most projects are ‘Prescriptive’, meaning that there is a simple relationship between the measure installed (a new boiler, or pipe insulation, for example) and how much the rebate is. For pipe insulation it may be $3/linear foot installed. All Thermaxx removable jackets fall into the “Custom” (miscellaneous) category and the relationship is determined by how much energy the measure saves.

How to Get The Best Incentive Rate Possible

Thermaxx is here to act as your utility incentives concierge.  Thermaxx has relationships with utilities in every state and will help discover rebates that are available to a customer. Our Utilities department will support you throughout the application process to ensure your project meets requirements to qualify, whenever possible. We work tirelessly to obtain the best incentive rate possible for you!

East

Upstate NY

• Program Name: NYSEG (New York State Electric & Gas Corporation) and RG&E (Rochester Gas and Electric)
• Current Incentives Offer: $1.50/therm up to 50%
• Eligible Projects:
• Important Deadlines:

Massachusetts

• Program Name: Mass Save
• Current Incentives Offer: $1.50/therm up to 50%

New York (New York City and Long Island)

• Program Name: ConEd
• Current Incentives Offer: $4/therm (including bonus incentive) up to 70%
• Important Deadlines: Bonus incentive for projects submitted by 9/15

Connecticut

• Program Name: Energize CT
• Current Incentives Offer: $4/ccf up to 40%

Maine  

• Program Name: Efficiency Maine
• Current Incentives Offer: 2.50/therm up to 50%

Central

Wisconsin

• Program Name: Focusonenergy.com
• Current Incentives Offer: $0.95/therm, up to 50%

Illinois

• Program Name: Ameren
• Current Incentives Offer: $2.50/therm (public sector), $1/therm (all other)

Ohio

• Program Name: CenterPoint
• Current Incentives Offer: 1/ccf up to 30%

West

Oregon

• Program Name: Energy Trust
• Current Incentives Offer: 3/therm up to 60%

Arizona

• Program Name: Southwest Gas
• Current Incentives Offer: 1/therm up to 50%

Colorado

• Program Name: Xcel energy
• Current Incentives Offer: $0.40/therm

Idaho

• Program Name: Avista
• Current Incentives Offer: $1.25/therm

Click here to learn more about utility incentives

Ready to find out how much your incentive could be on your energy savings project? Contact us today to find out!