Companies are facing challenging times trying to maintain their business operations, provide a comfortable, safe working environment and reduce costs. In a tough economy, businesses are doing what they can to make ends meet by making the most of what they have. Businesses are turning to energy rebate programs to help them to save energy and cut costs.
Buildings consume a great deal of energy and contribute their share in the carbon emissions problem in the U.S. Ironically, commercial energy efficiency is a easy, quick fix to help companies to combat this growing environmental problem. Part of the $346 million dollars from the American Recovery Act went to commercial energy rebate programs. States all over the country are putting the money to good use to help companies to go green.
Efficiency Maine is a program of the Maine Public Utilities Commission that has helped hundreds of businesses to buy and install electric energy-efficient measures. These efficiency efforts have saved Maine businesses literally millions of dollars in energy costs per year. The Efficiency Maine Business Program offers very generous incentives for businesses to replace or install energy saving equipment in their facilities.
Local governments, schools, farms and the like can be rewarded for using energy efficiencies, such as lighting, HVAC and heat pumps. Prescriptive incentives allow for a generous maximum incentive of $300,000 for eligible technologies, such as high bay lighting fixtures. In addition, Energy Maine offers custom incentives of up to 35% for the total cost of retrofit projects and up to 75% of the incremental cost of using energy-saving equipment over less efficient measures.
Certain projects must be pre-approved, with the exclusion of lighting and refrigeration projects that are under $1,000 as well as agriculture and motor applications. Maine’s non-residential customers can do their part to save money and energy resources when they utilize energy rebate programs. Energy efficiency has both current and long term dividends that businesses can bank on.
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