Save money and meet efficiency goals with energy incentives for businesses.
Lower costs and achieve your energy goals by taking advantage of energy efficiency incentives for businesses from TVA EnergyRight® and your local power company.
Helping the region save energy.
To help businesses save money and energy, we’re offering financial incentives on qualifying equipment purchases. For the best customer experience, we encourage the use of a trade ally from our Preferred Partners Network, a skilled group of commercial and trade contractors that can help you achieve your energy goals.
Introducing our New Construction Lighting Incentive
Our LED lighting incentive is now available for new commercial and industrial buildings, plants, expansions, major renovations, and covered parking garages. Projects with network lighting controls throughout the building will receive an additional 10% savings. With pre-approval not required, this $0.10/kWh incentive means you can install LED lighting quickly and start saving energy.
Find your energy efficiency incentive.
Custom
Custom incentives give you the flexibility to make energy efficiency improvements unique to your facility and operations. Businesses can reduce energy costs and receive an incentive for doing so by installing new energy-saving electric technologies. Custom incentives are offered at a rate of up to $0.15 per kWh of the first year’s energy savings.
Electric forklifts
Electric forklifts have lower operating costs, require less maintenance, and are quieter and more maneuverable than gas-powered forklifts. Expand your existing electric fleet or switch from gas forklifts to electric and save up to $2,000 on new or refurbished forklifts. Or, save up to $1,000 when leasing an electric forklift.
HVAC
HVAC systems can yield significant energy savings and improve comfort and air quality. We’re offering $80/ton for HVAC energy efficient replacements; $175/ton for unitary A/C, $200/ton for air-cooled chillers, and $250/ton for qualified variable refrigerant flow (VRF) and dual fuel heat pump energy efficient replacements and/or facility expansions and new installations. Pre-approval is not required, and you can apply up to 6 months after installation or the invoice date.
LED Lighting
Indoor lighting for new buildings, expansions, major renovations, or covered parking garages (New Construction Lighting: $0.10/kWh).
Refrigeration
Chill out with commercial refrigeration incentives. Reduce energy costs and improve customer experience with refrigeration incentives from TVA EnergyRight. We’re offering incentives of $50 for electronically commutated motors (ECMs), $200 for fan controllers and $100-$200 per linear foot for high-efficiency reach-in cases.
Thermal ice storage
Thermal ice storage systems store chilled water or ice to cool your building during peak hours. This shifts electric cooling operations to off-peak hours so you save money and reduce peak demand use. Thermal ice storage incentives are available at $9.00 per ton hour for partial storage and $11.00 per ton hour for full storage projects.
Variable speed drives
Variable speed drives (VSDs) — also known as adjustable speed drives (ASDs) or variable frequency drives (VFDs) — control the speed and torque of motors that drive fans, pumps or compressors in HVAC systems. We are now offering a $100 per horsepower (HP) incentive for the installation of VSDs on existing HVAC equipment.
Commissioning
Go beyond standard equipment replacements. Participate in an energy audit or continuous monitoring to uncover inefficiencies, which can help you cut costs and earn $0.05 per kWh saved.
See a summary of incentives below or download the PDF for an overview of all available incentives and rates.
Connect with a TVA Energy Expert to get started.
FAQs
Can’t find what you’re looking for? Email us at TVABusinessIncentive@tva.gov or give our energy advisors a call at (866) 233-0450. For the full list of TVA EnergyRight incentives rules and guidelines, you can review or download it here.
All projects, with the exception of select Standard HVAC equipment, Fast Track Lighting (FTL), and New Construction Lighting require pre-approval. If project pre-approval is required, DO NOT remove or install any equipment until all pre-approval requirements are completed and a formal Application Approval Notice has been received via email.
Is my business eligible for incentives from TVA EnergyRight?
Is my business eligible for incentives from TVA EnergyRight?
All business, commercial, industrial, and government customers may be eligible for incentives from TVA EnergyRight and your local power company. Find out if your organization qualifies by contacting a TVA-vetted contractor from our Preferred Partners Network or submitting a project request.
Incentive eligibility is subject to final approval by TVA and your local power company, and the availability of funding. Incentives are capped at 70% of material cost, with a maximum cap of $3,000,000 per organization per TVA fiscal year, which runs from October-September.
My business is served directly by TVA, not a local power company. Are we eligible for incentives?
Yes, your business is eligible for incentives on qualifying equipment upgrades. Find out if your organization qualifies by contacting a TVA-vetted contractor from our Preferred Partners Network or submitting a project request.
Incentive eligibility is subject to final approval by TVA, and the availability of funding. Incentives are capped at 70% of material cost, with a maximum cap of $3,000,000 per organization per TVA fiscal year, which runs from October-September.
What energy efficiency incentives do you offer businesses?
We offer incentives on electric forklifts, HVAC systems, LED lights, refrigeration, thermal ice storage systems, variable speed drives and custom incentives that give you the flexibility to make energy improvements unique to your facility and operations.
What is the Preferred Partners Network (PPN)?
The PPN is a network of TVA-vetted commercial and trade contractors with exclusive access to TVA EnergyRight incentives. PPN members are ready to help you find the best energy solutions for your business or industry.
Do I have to use a PPN contractor to apply for incentives?
Using a member of the Preferred Partners Network ensures that your work is completed by contractors who are vetted by TVA, licensed, insured, and trained to meet our project quality standards. If you don’t have a contractor or your contractor isn’t a PPN member, please call (866) 233-0450 or email TVA BusinessIncentive@tva.gov for assistance. Learn more about PPN membership and download the membership application here.
Do I need to get pre-approval before purchasing or installing equipment?
All equipment purchased must meet the minimum efficiency requirements listed for each technology type. If pre-approval is required, DO NOT remove or install any equipment until all pre-approval requirements are completed, and you have received a formal Application Approval Notice via email. If pre-approval is not required, the equipment installed must conform with the program requirements.
What is an Application Approval Notice?
An Application Approval Notice is formal acknowledgement that your application to receive incentives is approved. This notice will arrive by email.
What is the maximum incentive amount?
Incentive eligibility is subject to final approval by TVA, and the availability of funding. Incentives are capped at 70% of material cost, with a maximum cap of $3,000,000 per organization per TVA fiscal year, which runs from October-September. Any equipment purchased must meet the minimum efficiency requirements listed for each technology type if specified.
What is the minimum incentive amount?
The minimum incentive requirements are $150 per standard application (electric forklifts, HVAC, LED lighting, refrigeration, thermal ice storage and variable speed drives) and $1,500 per custom incentive application. Any equipment purchased must meet the minimum efficiency requirements listed for each technology type if specified.
Are pre- or post-installation inspections required?
Pre- or post-installation inspections may be required. Incentives are determined after pre-inspection and communicated in the Application Approval Notice.
How much time do I have to install the qualifying equipment and make efficiency upgrades?
The maximum installation period is 730 days (two years) after the formal Application Approval Notice has been received via email.
Can my local power company issue bill credits rather than an incentive check?
If your local power company participates in bill credits, you will have the option to choose check or bill credit for incentive payments ≥ $12,000 when completing the Online Application. All other payments will be made by check.
What’s the fine print?
Every incentive-qualifying project must comply with all applicable federal, state, and local laws. TVA will not provide incentive payments for any projects or facilities in violation of any applicable laws, including but not limited to, the cultivation of marijuana. TVA disclaims all liability for the applicant’s violation of any applicable laws or any injury to persons or property or other damages of any nature whatsoever resulting from the applicant’s actions in connection with this application. For the full list of TVA EnergyRight incentives rules and guidelines, you can review or download it here. If you have additional questions, email us at TVABusinessIncentive@tva.gov or call 866-233-0450.
Still have questions?
Our team is ready to answer your questions so you can start saving.
Call (866) 233-0450 or email TVABusinessIncentive@tva.gov.
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