Lighting leads the way! According to our recent survey, we found that nearly one third of respondents indicated lighting retrofits were the smartest investment made in 2013. When you consider the substantial capital support for LED lighting made available through utility incentive programs, it is no surprise that lighting tops the list―with savings beginning almost immediately! Nearly 500 energy and sustainability practitioners participated in our survey, providing some incredible insight into their priorities and predictions for 2014.
Other smart investments that topped the list included energy management systems, building controls and solar panels. You can read more about these findings in our summary report here. Whatever your 2014 plans entail, don’t forget to include utility sponsored rebates and incentives to help fund your efficiency investments. A growing list of state mandates enable utilities to offer rebates to help businesses reduce their energy and water resource consumption, providing businesses with cash rebates in return for making energy-efficient construction, equipment/facilities, and IT decisions.
We go into some detail on these opportunities in a recently released whitepaper. Even if you haven’t yet applied for 2013 incentives, there may still be opportunities. Typically, utility energy efficiency programs require pre-approval prior to purchase in order to qualify for a rebate or incentive. However, some utility programs now allow you to take advantage of rebate funds for projects completed in the past few years.
Kentucky, Pennsylvania, Arizona, South Carolina, Indiana, Georgia as well as other areas of the country have retroactive utility rebate programs, and many types of projects qualify, including:
- Lighting and fixtures
- Motors and pumps
- Heat Pumps, furnaces, chillers, and A/C units
- Variable frequency drives
- ENERGY STAR® appliances
If you aren’t sure if your State or utility company offers energy rebates or how they work, you can find links to energy efficiency programs by State at the Database of State Incentives for Renewables & Efficiency or contact us to learn how our Energy Rebate Specialists can take the administrative burden off of your team.