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ELECTRIC FORKLIFT INCENTIVE

Lift profits and lower emissions with incentives on electric forklifts.

Expand your existing electric forklift fleet or switch from gas to electric with helpful incentives from TVA EnergyRight® and your local power company.

Let’s talk about incentives.

Whether you’re ready to apply for an incentive, looking for multiple bids or need guidance, you can connect with a TVA Energy Expert for advice that’s tailored to your needs.

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$2,000
New or refurbished forklifts
$1,000
Leased forklifts
BENEFITS

Incentives for electric forklifts can help your business lower operating costs and improve safety.

We’re helping businesses in the region offset the cost of switching to electric forklifts with energy efficiency incentives. Expand your existing electric fleet or switch from gas forklifts to electric and save!

Reduce fuel costs.

Reduce fuel costs by up to 80%, and with 90% fewer moving parts, electric forklifts are easier to maintain.

Boost performance.

With smooth acceleration, instantaneous lifting power and improved maneuverability, electric forklifts make the heavy lifting even easier.

Eliminate on-site fuel storage.

Storing combustible fuels for conventional forklifts can be hazardous. Electric forklifts eliminate this risk.

Improve workplace conditions.

Electric forklifts produce zero tailpipe emissions and offer a cleaner, quieter alternative to internal combustion engine forklifts.
REQUIREMENTS

Electric forklift incentive eligibility and requirements.

Here’s what you need to know about eligible projects and upgrade requirements.

$2,000 incentive

Available for the purchase of a new or refurbished Class 1 [counterbalance] or Class 2 [narrow aisle] electric forklift.

$1,000 incentive

A $1,000 incentive is available for the lease of a new or refurbished Class 1 [counterbalance] or Class 2 [narrow aisle] electric forklift.

NOTE: Incentives are NOT available for Class 3 or when replacing electric forklifts. DO NOT purchase, remove or install any equipment until all pre-approval requirements are completed and a formal Application Approval Notice has been received via email. Subject to funding availability. Additional rules may apply.

TOOLS & RESOURCES

Helping you achieve your energy goals.

Whether you're ready to start an efficiency upgrade or exploring incentive options, we have the tools and resources to support your business.

Find the right contractor for your energy project.

Choose a TVA-vetted professional from our Preferred Partners Network to help guide your project and streamline the incentive application process.

Find a contractor

Request multiple bids from qualified contractors.

Looking for more ways to save on energy costs? Explore all our incentives and learn more about your potential savings.

Start an RFP

Explore all Business & Industry incentives.

Looking for more ways to save on energy costs? Download our incentive overview PDF to learn more about incentives and your potential savings.

See all incentives
Find the right contractor for your energy project.
TVA EnergyRight Advisor and customer shaking hands on a business's roof in front of HVAC units.
Two colleagues in an industrial workspace.

Connect with a
TVA Energy Expert.

We’re making it more convenient than ever to apply for incentives and achieve your energy goals. Our experts can help you find and apply for incentives, identify a local contractor, answer questions and more.

Start your project

Estimate your
incentives savings.

Let the savings begin. Use our calculator to estimate potential incentives and see how they can reduce your purchase cost on qualifying upgrades.

Get the calculator

Questions? Give us a call!

We are here to help. Call (866) 233-0450 for immediate assistance from a member of our team.