The most popular target for utilities looking to reduce energy demand is lighting since it consumes 20% of all electricity in the world and is used by almost all customers. The incentives lower the initial costs and makes the payback period of the investment much more attractive.
By taking advantage of these programs, you can...
- Reduce the initial project cost.
- Save money on your electric bills.
It Can Add Up
To Big Savings.
Why Do Utility Companies Offer Rebates?
While building new power plants is very expensive, saving one kilowatt-hour through energy efficiency improvements is one-third the cost of any new source of making electricity. These significant cost savings have enticed many utilities to develop rebate programs for customers who reduce their electrical usage
Billions of dollars are available for companies installing energy efficient solutions such as LED lighting systems and equipment. Even if you’re already taking advantage of some of these rebates, are you sure that you’re not missing out on any?
Despite efforts to curb demand, energy consumption continues to grow rapidly in North America. Electric utilities must either build new power plants or reduce demand in order to meet their customers' needs.
When it comes to programs for energy efficiency installations, it takes careful attention and planning to get the most cash possible. Many different variables affect rebate eligibility and the final dollar amount that you will receive. The programs have become more popular over the years and according to the Consortium for Energy Efficiency, $9.4 billion dollars were available for energy efficiency programs in 2015. That's a 109% increase over the 2008 budgets.
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