The first month of 2021 is almost over. Now is the time to consider applying for rebates and incentives to help your company fund its energy initiatives. Whether the plan is to install a renewable energy system, upgrade heating, ventilation and air conditioning (HVAC) equipment to high efficiency systems or replace older lighting with LEDs, there are incentives that can help your company save money and contribute to your sustainability and energy goals.
For rural small businesses and agricultural producers, the Rural Energy for America Program (REAP) provides loan guarantees and grant funding. Funds from loans can be used for renewable energy systems such as anaerobic digesters and geothermal projects. They also can be used to purchase and install energy efficiency equipment such as high efficiency HVAC systems or insulation. Grants are available for both energy efficiency initiatives and renewable energy systems. The minimum grant level for energy efficiency is $1,500 with a maximum amount of $250,000.
For those businesses in the NV Energy service area, incentives exist for everything from LED light bulb purchases to equipment in new construction projects that exceed energy code requirements. NV Energy’s kickoff events for 2021 have begun but more information on the types of incentives offered can be found here. You can find case studies of past incentive award winners along with examples of projects funded here.
Not sure what types of projects to consider? Give us a call. We can help you think through what type of projects make sense for your company in 2021.