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. These energy efficiency incentives are available through the Preferred Partners Network, a skilled group of TVA-vetted commercial and trade contractors that can help you achieve your energy goals. If your contractor is not part of the Preferred Partners Network, you can still apply with a one-time allowance per incentivized technology.
Introducing our New Construction Lighting Incentive
Our LED lighting incentive is now available for new commercial and industrial buildings and plants, expansions and covered parking garages. 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
Whether you are looking for the highest incentive amount on indoor, outdoor or street lighting upgrades (Standard Lighting: $0.13/kWh), need indoor lighting for a new building, expansion or covered parking garage (New Construction Lighting: $0.10/kWh), or you have recently installed qualified lighting or need quick installation (Fast Track Lighting), we can help you save energy and money!
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.
Looking to upgrade? Download the PDF for an overview of available incentives.
Funding available for energy incentives for businesses.
Ready to make your workplace safer, lower costs, achieve energy goals and improve the working environment in your commercial or industrial setting? All incentives are contingent upon available funding and are subject to preapproval by TVA EnergyRight and your local power company.
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.
Business & Industry resources
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Preferred Partners Network
Strategic Energy Management
