Over $10 Million in Incentives Available Through Act On Energy®
$75 Incentive per Horsepower Controlled for Variable Frequency Drives
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Financial incentives are available for upgrades of air conditioning systems, air source heat pumps, air-cooled chillers or to add a variable frequency drive to HVAC motors. Incentive amounts are based on the size and efficiency of the new equipment.
VFD Incentives
Act On Energy has increased variable frequency drive (VFD) incentives from $45 to $75 per horsepower controlled, practically doubling the VFD incentive offered for qualifying applications received before December 31, 2010. In addition to a higher incentive, the percent of the project cost that Act On Energy will cover has been increased to 75%. These increases allow for a quicker payback on projects.
Click here 
to download the HVAC application. For any new applications submitted, projects cannot be completed before June 1, 2010.
Act On Energy recently incentivized a project for 7 VFDs on various equipment at a manufacturing facility. Because of this project, that company received over $50,000 in incentives with a payback of just under 1.4 years and will save almost $81,000 dollars in energy costs every year.
Download the case study here, and learn more about this great project and how using VFDs in your facility can save energy and money.
Projects with incentives less than $5,000 no longer require pre-approval but can still be submitted to verify equipment eligibility and incentive level. Though projects less than $5,000 do not need pre-approval, all equipment must meet program requirements or the project will be denied. Projects with incentives less than $5,000 have 90 days from the equipment purchase invoice date to be completed and 30 days after completion to submit paperwork in order to be eligible for incentives. Pre-approval is always required for HVAC tune-ups.
Projects requesting incentives greater than $5,000 require pre-approval. The pre-approved incentive amount is good for 90 days from the date of pre-approval; thereby requiring purchase of the equipment and completion of the project within the 90-day period to receive the reserved incentive funds.