What are Utility Incentives?
In order to meet energy savings goals, utilities offer their commercial customers a financial incentive to upgrade their facility with energy-efficient products. Utility LED lighting incentives offset the upfront costs associated with installing new energy-efficient lighting.
Interior and Exterior luminaires by Cree are eligible for retrofit and new construction incentives under utility programs throughout the United States.
How to Capture Incentives
While each utility program is unique, the majority adhere to a similar set of steps:
- Check with your electric utility provider to determine if there are LED lighting programs available.
- After determining your projects eligibility, submit the program’s lighting application.
- The utility program will review your project scope and in most cases provide you with a pre-approval noting your potential incentive.
- Complete your project installation according to your pre-approved products.
- The utility will verify the installation and finalize the pre-approved amount by processing the incentive check.