Lift profits and lower emissions with our electric forklift incentive.
Expand your existing electric forklift fleet or switch from gas forklifts to electric with help from incentives from TVA EnergyRight® and your local power company. Save up to $2,000 on new or refurbished forklifts or save up to $1,000 when leasing an electric forklift.
It pays to go electric: Benefits of electric forklifts.
Making the switch from internal combustion forklifts to Class I or Class II electric forklifts is as smart as it is easy.
Reduce fuel costs by up to 80%.
Improve maneuverability.
Reduce tire wear.
90% fewer moving parts.
Eliminate on-site combustible fuel storage.
Safer, quieter workplace.
Lower operating costs.
Instantaneous lifting power.
Zero site emissions.
Electric forklift incentive eligibility and requirements
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!
A $2,000 incentive is available for the purchase of a new or refurbished Class 1 [counterbalance] or Class 2 [narrow aisle] electric forklift.
A $1,000 incentive is available for the lease of a new or refurbished Class 1 [counterbalance] or Class 2 [narrow aisle] electric forklift.
Forklift incentives apply to fleet expansion or replacement of a Class 4 or Class 5 internal combustion forklift.
Incentives are NOT available for Class 3 or when replacing electric forklifts.
All projects require preapproval.
DO NOT purchase, remove or install any equipment until all preapproval requirements are completed and a formal Application Approval Notice has been received via email.
Subject to funding availability. Additional rules may apply.
Apply for your incentive through the Preferred Partners Network (PPN)
Applications for TVA EnergyRight incentives must be submitted through a contractor member of our Preferred Partners Network for approval before any incentive-based work begins.
If your contractor is not part of our network please call (866) 233-0450 or email TVABusinessIncentive@tva.gov and we can assist you.
Select a PPN member.
Find a contractor to complete your project. Our Preferred Partners Network has the trusted contractor for your project needs!
Define your scope of work.
Not sure yet what you need? PPN members can help you define your project.
Sign incentive application.
Your PPN member will submit your application to TVA EnergyRight after you provide an electronic signature.
If pre-approval is required, work can begin following project approval. Please don’t remove or install equipment until your project is approved and you have received your Application Approval Notice via email.
Start by finding a TVA-vetted contractor
Find a contractor from our Preferred Partners Network.
Not ready to start a project but want to stay up to date?
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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Business energy incentives
