These rebates are generally a one-time payout for a qualifying system based on the energy estimated or actual production. As a result, most incentives and rebates offered by utility companies will likely go away once they have met the requirements set forth by their state. Categories: Financial Posted on October 15, Call Today Get a Free Solar Quote Find out if your home or business is right for solar.
As an Consulting Engineer, I have over 30 years of experience in a wide range of technology expertise in RF, Wireless, and Data applications. Over the past 2 years, I have been responsible for the operation and growth You Completed Your Lighting Upgrade! Or Did You? Energy Efficiency — Who Cares and Why?!
Email Subscription Enter your email address to subscribe to this blog and receive notifications of new posts by email. Email Address:. Sign me up! In Energy Efficiency on March 16, at pm Editorial Have you ever wondered why electrical utility companies offer rebates and incentives for energy efficiency efforts?
I consider three items when pondering this topic; Rates, Consumption, and Dependence. Now consumption. I feel it has more to do with Dependence. I know we are just scratching the surface of such a complex topic.
There are incentives available for lighting, motors, lighting control systems, solar, wind energy, windows, and on and on. There are a lot of options that qualify for cash incentives. The cash incentives can make a real difference in how attractive the project is.
The lower the cost of an improvement, the quicker the payback will be. Simple payback is determined by the cost of the improvement vs. Most of the utilities will list that the reason they are doing this is that "it's just right for our families". While that is a good reason, utilities and public companies rarely do things that are "just right", and instead make their decisions based on money. There's nothing wrong with that, but here is what I think is going on. There is a great deal of documentation on the status of the nation's electrical grid.
It seems as though the "close our eyes and hopefully nothing will happen" is not a realistic approach to fixing the problem. We as consumers now "consume" many more electronics. Many states have sustainability goals and require utilities to offer energy-saving programs to their customers.
Reduced energy usage is also good for utility companies because the less energy people use, the fewer power plants utilities need to build which is costly. Some of these products include smart thermostats, refrigerators, freezers, room air conditioners, washers, dryers, TVs, light bulbs and water-saving devices such as the Rachio smart sprinkler controller ,. The process for finding savings is easy.
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