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SWEPCO offers a variety of incentives on energy efficiency improvements to help you take charge of your business’s bottom line and make your daily operations more efficient. Measures eligible for incentives include lighting controls and upgrades, air compression system upgrades, motor upgrades and HVAC upgrades.
The team regularly evaluates our Energy Efficiency Programs and learns about the latest technologies in the market to determine if the programs need to be adjusted to better benefit our customers. For 2021, we’ve decided to incentivize ENERGY STAR®-certified Level 2 electric vehicle charging stations and increase the existing incentive amounts on high efficiency HVAC systems for our small business customers.
Adding electric vehicle (EV) charging stations in your parking lot or garage can make your business more attractive to customers and employees. Installing charging stations is simpler and less expensive than you may think, especially since we now offer a $250 incentive to help pay for the installation of an ENERGY STAR-certified Level 2 EV charging station. Additionally, the federal government, many states and municipalities offer tax credits and subsidies for buyers of EVs and companies that provide public charging stations.
Today, charging stations are available at three different levels – Level 1, Level 2 and Level 3. Level 1 charging stations have the longest charging times while Level 3 charging stations have the fastest charging times. Level 2 charging stations are in the middle with an average total charging time between four and six hours. They require a 208- or 240-volt outlet and provide 10 to 60 miles of range per hour of charging time. Individual charging times differ based on the type of EV charging station as well as the type of battery, how depleted it is and its energy capacity.
SWEPCO business customers can install an ENERGY STAR-certified Level 2 EV charging station to qualify for a $250 incentive. Please note there is a limit of two incentives per customer and there is limited program funding for these incentives. A SWEPCO-approved Market Actor or Project Sponsor will need to purchase and install the charging station before being able to apply for the incentive on your behalf.
For our business customers with less than 100 kilowatts in annual demand, SWEPCO has increased the incentive amounts for the installation of high efficiency HVAC systems in new or existing facilities. These high-efficiency systems can dramatically increase the comfort level at your business while lowering your monthly SWEPCO bill.
Equipment that is eligible for incentives are:
These systems include an entire packaged unit, a split system consisting of an indoor unit with a matching remote condensing unit, and variable refrigerant flow systems. Here’s a look at the updated incentive amounts for qualifying customers and systems:
The maximum incentive per system is $2,000, and the maximum incentive per facility with multiple systems is $2,500. As with our other programs, there is limited funding available for these incentives and a SWEPCO-approved Market Actor or Project Sponsor will need to purchase and install the HVAC system before being able to apply for the incentive on your behalf.
To get started or to learn more about these and other money and energy saving programs for your business, please visit SWEPCO.com/savings/business/.
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