Renewable Energy and Energy Efficiency Incentives Third Party Financing The State of Ohio allows for third party financing of renewable energy systems. In this arrangement, a third party owns, installs, and maintains the system while selling the electricity produced to the site owner through a power purchase agreement. This situation allows for the third party to take advantage of incentives, such as tax credits, that the site owner may not be eligible for.
GUIDE TO GREEN ENERGY FINANCING AND INCENTIVES
State Loan Programs Energy Conservation for Ohioans (ECO-Link) Program Begin Date: 9/9/2009 Sector: Residential Eligible Energy Efficiency Technologies: Clothes Washers, Dishwasher, Refrigerators, Dehumidifiers, Ceiling Fan, Water Heaters, Furnaces , Boilers, Heat pumps, Central Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Siding, Roofs, Custom/Others pending approval, Room Air Conditioners, Battery Chargers, Room Air Cleaners Eligible Renewable Energy Technologies: Solar Thermal, Photovoltaics, Wind, Geothermal Heat Pumps, Others ECO-Link is a partnership between the State Treasurer of Ohio and participating state banks that provides up to 3% interest rate reduction for five or seven years on bank loans when completing energy-efficient upgrades and installing certain renewable energy systems for your home. The maximum loan amount the interest rate reduction can be applied to is $50,000. A homeowner can opt for a seven-year rate reduction if the loan is for more than $25,000. Contact: State Treasurer of Ohio, ecolink.ohio.gov Ohio Development Services Agency - Energy Loan Fund Begin Date: 12/15/2011 – End Date: When funding is exhausted Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, State Government Construction, Institutional
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Eligible Energy Efficiency Technologies: Clothes Washers, Dishwasher, Refrigerators, Dehumidifiers, Ceiling Fan, Water Heaters, Lighting, Lighting Controls/Sensor, Chillers, Furnaces, Boilers, Heat Pumps, Central Air Conditioners, CHP/Cogeneration, Steamsystem upgrades, Programmable Thermostats, Energy Management Systems/ Building Controls, Caulking/Weather-stripping, Building Insulation, Motors, Custom/ Others pending approval, Whole House Fans, LED Lighting Eligible Renewable Energy Technologies: Photovoltaics, Wind, Biomass The Energy Loan Fund is a program that provides low-cost financing for energy improvements. Projects must achieve 15 percent reduction in energy usage, demonstrate economic and environmental impacts, and be included within a long-term energy strategy of the community served. Currently, the following interest rates apply based on borrower types: • 1% interest rate: State entities, departments, boards and commissions; local governments; public colleges, universities and community colleges; and school districts. • 3% interest rate: manufacturers, small businesses and 501(c)3 nonprofit organizations. Contact: Ohio Development Services Agency, 1-866-728-6749 ReEnergize Ohio Sector: Small Business (less than 150 employees) Eligible Energy Efficiency Technologies: Windows/Doors, Air Sealing/Insulation, Water Heater, Air Conditioning, Furnaces, Boilers, Heat Pumps, Programmable Thermostat, Appliances, Lighting, Lighting Controls, Others Eligible Renewable Energy Technologies: Photovoltaics, Wind, Geothermal Heat Pumps, Biomass, Others ReEnergize Ohio is a partnership between the State Treasurer of Ohio and eligible banks designed to support Ohio’s small business community. The program provides up to a 3% interest rate reduction for a period of four years on loans up to
$550,000 to make energy efficient upgrades and/or install certain renewable energy systems. Contact: State Treasurer of Ohio, ohiotreasurer.gov/ReEnergizeOhio
Utility Loan Programs Butler Rural Electric Cooperative – Energy Efficiency Improvement Loan Program Sectors: Residential Eligible Energy Efficiency Technologies: Heat Pumps, Central Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors Eligible Renewable Energy Technologies: Geothermal Heat Pump Butler Rural Electric Cooperative offers loans to qualifying members for energy efficiency improvements, air-source heat pumps and geothermal systems at 100 percent of the cost of the project up to $25,000. The current interest rate is 3.5%. Contact: Butler Rural Electric Cooperative; 1-800-255-2732, www.butlerrural.coop Columbia Gas of Ohio/Huntington – Home Performance Solutions Loan Program Sectors: Residential, Installer/Contractor, Low-Income Residential Eligible Energy Efficiency Technologies: Furnaces, Boilers, Duct/Air sealing, Building Insulation Huntington has partnered with Columbia Gas to offer low interest loans to help home owners implement the projects a Columbia Gas Home Energy Audit discovers. Contact: Columbia Gas of Ohio; 1-877-644-6674, or Huntington Bank; www.huntington.com/energyfix/
Utility Rebate Programs The four regulated utilities (American Electric Power, Duke Energy, Dayton Power & Light, and First Energy) are required to help their customers reduce their energy consumption as part of Senate Bill 221 and offer rebate programs as a tool to help meet this target. Rural Electric Cooperatives and American Municipal Power Members offer
AEP Ohio (Electric) – Residential Energy Efficiency Rebate Program Sectors: Residential, Construction Eligible Energy Efficiency Technologies: Lighting, Water Heaters, HVAC Systems, Thermostats, Heat Pumps, Insulation, Duct Sealing, Windows Eligible Renewable Energy Technologies: Geothermal Heat Pump The AEP Ohio In-home Energy Programs offer rebates for the installation of the following energy-saving measures when they are recommended by a program approved auditor. Customers have six months from the date of the audit/ assessment to submit all rebate applications. The rebate budget is limited and rebates will be paid for all eligible and qualifying installed measures, until such time as the program ends or the rebate budget is exhausted. • • • • • • • • •
Lighting: $20-$35 Water Heater: $50 HVAC Systems: $50-$150 Thermostats: $20-$50 Heat Pumps: $100-$800 Insulation: $25-$200 Duct Sealing: $50-$200 Windows: $75-$200 Geothermal Heat Pump: $200-$800
Contact: AEP Ohio; 1-877-856-2454, aepohio.com AEP Ohio – Commercial Energy Efficiency Rebate Program Sectors: Commercial, Industrial, Non-Profit, Government, Agricultural, Institutional Eligible Energy Efficiency Technologies: Custom Projects, Lighting, HVAC, Building Controls, Compressed Air, data centers, behavioral improvements, Refrigerators, Motors/Drives, Food Services Equipment
hensive list of rebates, visit the AEP web site: www.aepohio.com/save/programs/. Contact: AEP Ohio; 1-877-607-0739, www.aepohio.com/save/programs/ American Municipal Power (Public Electric Utilities) - Efficiency Smart Business Program Sectors: Commercial, Industrial Eligible Energy Efficiency Technologies: Lighting, HVAC, Compressed Air, Refrigerators Food Services Equipment, Others Rebates are available for businesses in participating communities through both the Business Energy Rebates program and the Custom program. For a comprehensive list of rebates, visit the program web site: www. efficiencysmart.org/for-your-business. Contact: Efficiency Smart; 1-877-889-3777, www.efficiencysmart.org/for-your-business American Municipal Power (Public Electric Utilities) - Efficiency Smart Residential Program Sectors: Residential Eligible Energy Efficiency Technologies: Lighting, Pool Pumps, Refrigerators, Ceiling Fans, Clothes Washers, Dehumidifiers, Heat Pumps, Furnaces with ECM motors Incentives are available for public utility customers for recycling old inefficient appliances, purchasing new, energy-efficient appliance and systems, or replacing energy-hogging incandescent light bulbs with more efficient compact florescent lights. • • • • • • • •
Recycling a fridge or freezer: $50 Pool Pumps: $50-175 Refrigerators: $50 Ceiling Fans: $15 Clothes Washers: $50 Dehumidifiers: $20 Heat Pumps: $250 Furnaces: $100
Butler Rural Electric Cooperative Residential Rebate Program Sectors: Residential Eligible Energy Efficiency Technologies: Subsidized Energy Audits, Electric Water Heaters, Dual Fuel Heat Pumps, Air Conditioners, Demand Control on Water Heaters and Air Conditioners Eligible Renewable Energy Technologies: Geothermal Heat Pumps The Butler Rural Electric Cooperative makes it easy to be efficient with energy and money saving programs and rebates. Some equipment rebates require the installation of a radio-controlled switch (RCS). An RCS is a device that is installed on certain equipment to help reduce the peak electric load during times of high electric use. When the cooperative is notified that the demand for electricity is reaching an all-time high, a signal is sent to the radio-controlled switch, which turns off the heating elements for a period of time. Today's energy efficient water heaters are capable of holding heat for extended periods of time so the elements can be off for a period with little or no inconvenience. • Subsidized Energy Audits: $150 (cost) • Electric Water Heaters: $350-$550, $4/month credit for having a RCS is installed • Dual Fuel Heat Pumps: $300-$600 • Air Conditioners: $100 credit for having a RCS is installed + $2/month credit • Geothermal Heat Pumps: $600-$1,200 Contact: Butler Rural Electric Cooperative; 1-800-255-2732, www.butlerrural.coop
Contact: Efficiency Smart; 1-877-889-3777, http://www.efficiencysmart.org/for-your-home
AEP Ohio is offering several energy efficiency programs to their business (non-residential) customers for the installation of energy efficient products. For a compre-
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GUIDE TO GREEN ENERGY FINANCING AND INCENTIVES
programs to reduce demand charges and as a customer services initiative for their members. Programs change often and it is always best to confirm eligibility of every project prior to purchase, often you must submit a pre-application to secure the largest rebate.
Renewable Energy and Energy Efficiency Incentives Columbia Gas of Ohio - Home Performance Solutions Program Sectors: Residential, Construction, Installer/ Contractor, Low-Income Residential Eligible Energy Efficiency Technologies: Subsidized Energy Audit, Furnaces, Boilers, Programmable Thermostats, Duct/Air sealing, Building Insulation, Comprehensive Measures/Whole Building The Home Performance Solutions Program begins with a $50 subsidized energy audit. The auditor will provide more information on estimated utility savings and discounts available for qualified energy efficiency improvements.
GUIDE TO GREEN ENERGY FINANCING AND INCENTIVES
Contact: Columbia Gas of Ohio, 1-877-644-6674, www.columbiagasohio.com Columbia Gas of Ohio – Small Business Energy Solutions Sectors: Small Business Eligible Energy Efficiency Technologies: Insulation, Air Sealing, Water Heaters, HVAC Systems Columbia Gas will provide instant rebates on certain qualified gas saving technologies. Rebates are available to business customers using an average of 3,000 Ccf or less of natural gas annually. Contact: Columbia Gas of Ohio, 1-877-644-6674, www.columbiagasohio.com Columbia Gas of Ohio – Innovative Energy Solutions Sectors: Commercial, Nonprofit, Institutional, Faith-Based Organizations Eligible Energy Efficiency Technologies: Energy Audit, Natural Gas Energy Conservation Measures, Research and Demonstration Projects, Experimental Technology Projects, Evaluation, Measurement, and Verification Projects, Building Commissioning/Re-commissioning Projects Columbia Gas of Ohio’s Innovative Energy Solutions program is a rebate program designed to provide Columbia and its commercial gas customers with opportunities to support natural gas conservation research
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and demonstration projects and to showcase leading-edge natural gas conservation approaches and technologies. Contact: Columbia Gas of Ohio, 1-877-6446674, www.columbiagasohio.com Consolidated Electric Cooperative - Heat Pump and Water Heating Rebates Sectors: Residential Eligible Energy Efficiency Technologies: Water Heaters, Duel Fuel Heat Pumps Eligible Renewable Energy Technologies: Geothermal Heat Pump Members of Consolidated Electric Cooperative may be eligible for several rebates that are currently available. The water heater rebate program offers a cash rebate for installation of an electric water heater and a radio control switch. The installation of a radio control switch on your electric water heater can help the Co-op decrease the electric load for a few hours, when it's most critical. • Water Heaters: $50-$550 • Duel Fuel Heat Pumps: $600 • Geothermal Heat Pump: $1,000 Contact: Consolidated Electric Cooperative; 1-800-421-5863, www.consolidatedelectric.coop Dayton Power and Light - Business and Government Energy Efficiency Rebate Program Sectors: Commercial, Industrial, Non-Profit, Schools, Government, Agricultural, Institutional Eligible Energy Efficiency Technologies: Clothes Washers, Water Heaters, Lighting, Lighting Controls/Sensors, Chillers, Heat Pumps, Central Air Conditioners, Compressed Air, Energy Management Systems/ Building Controls, Motors, Motor VFDs, Processing and Manufacturing Equipment, Custom/Others pending approval, LED Exit Signs, Barrel Wraps, Energy Audit, Air Economizers Eligible Renewable Energy Technologies: Geothermal Heat Pumps Rebates offered to DP&L Business and Government customers can help businesses overcome the upfront cost hurdle associated with energy efficient technologies. The Rapid Rebate® program covers common energy and demand saving equipment
for businesses. For special equipment needs, there are Custom Rebates. Contact: Dayton Power and Light; 1-800253-5801, www.dpandl.com/save Dayton Power and Light - Residential Energy Efficiency Rebate Program Sectors: Residential Eligible Energy Efficiency Technologies: Heat Pumps, Central Air Conditioners, ECM Motors Eligible Renewable Energy Technologies: Geothermal Heat Pumps Dayton Power and Light customer are eligible for rebates on qualifying energy efficient improvements. Rebates vary for new construction, replacement, and early retirement of equipment. • • • •
Heat Pumps: $200-$600 Central Air Conditioners : $100-$300 ECM Motors: $100 Geothermal Heat Pumps: $800-$1,600
Contact: Dayton Power and Light; 1-800-433-8500, www.dpandl.com/save Dominion East Ohio (Gas) Home Performance Program Sector: Residential Eligible Energy Efficiency Technologies: Equipment Insulation, Water Heaters, Furnaces, Boilers, Programmable Thermostats, Duct/Air Sealing, Building Insulation, Windows, Doors, Ventilation Fans, Tankless Water Heaters To participate in the program, you must be an individually metered residential Dominion East Ohio customer with an active account. To qualify for rebates through the program, you must use a GoodCents BPI certified auditor for the assessment and a participating contractor when making improvements. • • • • • • • •
Equipment Insulation: $10 Water Heaters: $100-$125 Furnaces: $300-$400 Boilers: $250-$300 Programmable Thermostats: $30 each, $60 max Duct/Air Sealing: $40/hour Building Insulation: $0.30/sf Windows: $5 each
heater, electric heat or central air): Free • HVAC Tune-up: $50 • Geothermal Heat Pumps: $200-$300
Contact: Dominion GoodCents; 1-877-287-3416, www.dom.com
Contact: Smart Saver Incentive Program, Duke Energy; 1-866-785-6209, www. duke-energy.com
Duke Energy (Electric) - Commercial/Industrial Energy Efficiency Rebate Program Sectors: Commercial, Industrial, Schools, Institutional Eligible Energy Efficiency Technologies: Refrigerators, Equipment Insulation, Water Heaters, Lighting, Lighting Controls/Sensors Chillers , Heat pumps, Central Air conditioners, Heat recovery, Compressed air, Programmable Thermostats, Windows, Motors, Motor VFDs, Processing and Manufacturing Equipment, Custom/Others pending approval, Led Exit Signs, Room Air Conditioners, Vending Machine Controls, Commercial Refrigeration Equipment, Personal Computing Equipment, Food Service Equipment, Pumps, Barrel Wraps, Ice Machines, LED Lighting, Heat Pump Water Heaters With Duke Energy's Smart $aver® Incentive program, businesses can receive cash for installing high-efficiency lighting, HVAC, pumps and other qualifying equipment. For a comprehensive list of rebates, visit the Smart $aver® web-site: www.duke-energy.com. Contact: Non-Residential Rebate Program, Duke Energy; 1-866-380-9580, www. duke-energy.com Duke Energy (Gas & Electric) - Residential and Builder Energy Efficiency Rebate Program Sectors: Residential, Construction, Installer/ Contractor, Builder Eligible Energy Efficiency Technologies: Heat Pumps, Central Air Conditioners, Comprehensive Measures/Whole Building, Energy Audit Eligible Renewable Energy Technologies: Geothermal Heat Pumps
Firelands Electric Cooperative - Residential Energy Efficiency Rebate Program Sector: Residential Eligible Energy Efficiency Technologies: Water Heaters, Heat Pumps, Dual Fuel Heat Pump, HVAC Controls Eligible Renewable Energy Technologies: Geothermal Heat Pumps Program rebates and incentives apply to members of Firelands Electric Cooperative who agree to participate in the cooperative load management program; have a PeakBuster Radio Controlled Switch (RCS) installed for each applicable electric appliance(s) installed in the home. The PeakBuster RCS allows the cooperative to temporarily cut power to the water heater circuit or reduce the run-time of cooling system compressors to control high peak power loads. Rebates are as follows: • • • • •
Water Heaters: $25-$300 Heat Pumps: $500 Dual Fuel Heat Pump: $250 HVAC Controls: $100 Geothermal Heat Pumps: $800
Contact: Firelands Electric Cooperative; www.firelandsec.com
Duke Energy offers the following rebates, to existing residences and new builds, through its Smart $aver® program.
First Energy Ohio - Commercial Efficiency Rebates Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, State Government, Tribal Government, Agricultural, Institutional Eligible Energy Efficiency Technologies: Lighting, Lighting Controls/Sensors, Appliances, HVAC & Water Heating, Custom/Others pending approval, LED Exit Signs, Food Service Equipment Eligible Renewable Energy Technologies: Geothermal Heat Pumps
• • • •
First Energy offers a wide range of incentive programs that can reimburse for improvements that are made to increase energy efficiency and reduce electricity consumption.
Heat Pumps: $200-$300 Central Air Conditioners : $200-$300 Insulation and Sealing: $75-$250 Energy Audit (must have an electric water
All programs require pre-approval before purchase and installation of materials. Below is a summary of the incentives available. • • • • • • • •
Lighting; Compact Fluorescent: $1-$15 each Lighting; Fluorescent: $3-$74 each Lighting Controls/Sensors: $25 each Appliances: $10-$50 HVAC & Water Heating:$25-$2,500 LED Exit Signs: $10 each Food Service Equipment: $13-$400 Geothermal Heat Pumps:$150-$250
Contact: Energy SaveOhio; 1-866-5785220, energysaveoh-business.com First Energy Ohio - New Home Builder Incentive Program Sectors: Construction, Multi-Family Residential Eligible Energy Efficiency Technologies: Comprehensive Measures/Whole Building Ohio Edison, The Illuminating Company and Toledo Edison (FirstEnergy's utilities) offer incentives to builders of energy efficient homes in the companies’ Ohio service territories. ENERGY STAR® certification is a pre-requisite for participation. Builders of new residential construction are eligible to receive $400 per home plus $0.10 per kWh saved for homes that perform 15 percent better than the 2009 International Energy Conservation Code. Contact: First Energy New Home Builder Incentive Program; 1-814-807-0830, www.energysaveohio-newhomes.com
First Energy Ohio - Residential Efficiency
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• Doors (exterior): $30 each • Ventilation Fans: $15 each • Tankless Water Heaters: $150
Renewable Energy and Energy Efficiency Incentives Rebates Sectors: Residential, Multi-Family Residential Eligible Energy Efficiency Technologies: Clothes Washers, Refrigerators, Freezers, Dehumidifiers, Lighting, Heat Pumps, Water Heaters, Central Air Conditioners, Personal Computing Equipment, Recycling Eligible Renewable Energy Technologies: Geothermal Heat Pumps, Solar Thermal
GUIDE TO GREEN ENERGY FINANCING AND INCENTIVES
First Energy offers residential customers on certain energy efficient equipment and appliances. Generally, appliances must be ENERGY STAR® labeled. • • • • • • • • • • • • • • •
Clothes Washers: $50 Refrigerators: $25 Freezers: $25 Dehumidifiers: $25 Ceiling Fan/CFL Combo: $30 Torchiere Floor Lamps: $10 Heat Pumps: $350-$400 Heat Pump Water Heaters: $250 Electric Water Heaters: $100 Central Air Conditioners: $150-$350 Room Air Conditioners: $25 Whole House Fan: $100 Geothermal Heat Pumps: $600 Solar Thermal: $350 Tune-up of existing Central Air Conditioner, Heat Pump, or Geothermal: $25
Contact: FirstEnergy OH Rebates; 1-888243-6808, www.firstenergycorp.com The Energy Cooperative - Residential Energy Efficiency Rebate Program Sector: Residential Eligible Energy Efficiency Technologies: Water Heaters, Central Air Conditioners, Dual Fuel Heating System Eligible Renewable Energy Technologies: Geothermal Heat Pumps The Energy Cooperative offers rebates to its customers for the installation of certain energy efficient equipment as well as geothermal heat pumps. Some equipment requires the installation and operation of a radio controlled switch, which will be operated in peak demand times when the demand for electricity is very high.
• Replacement Water Heater: $100
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• Electric Water Heater (new construction or replacement for fossil fuel heater): $250-$350 • Central Air Conditioners: $100 • Duel Fuel Heating System: $599 • Geothermal Heat Pump: $599 Contact: The Energy Cooperative; www.theenergycoop.com Vectren Energy Delivery of Ohio (Gas) - Commercial Energy Efficiency Rebates Sector: Commercial Eligible Energy Efficiency Technologies: Furnaces, Boilers, Custom/Others pending approval, Boiler Tune-Up Vectren Energy Delivery offers commercial customers rebates for the installation of certain types of efficient natural gas equipment. A custom program is available for measures that do not qualify under the prescriptive program. Rebates are as follows: • • •
Natural Gas Boiler: $6.00 per MMBtu, up to $5,000 Natural Gas Furnace: $200 Boiler tune-up: 50% of tune-up cost, up to $250
Contact: Vectren Energy Delivery of Ohio; www.vectrenenergy.com Vectren Energy Delivery of Ohio (Gas) Residential Energy Efficiency Rebates Sectors: Residential, Construction, Installer/ Contractor Eligible Energy Efficiency Technologies: Furnaces, Boilers, Programmable Thermostats, Duct/Air Sealing, Building Insulation Rebates for energy efficiency improvements are available for Vectren Energy Delivery of Ohio customers. Rebates are as follows: • Natural Gas Furnaces: $200 • Natural Gas Residential Boilers: $500 • Programmable Thermostat: $20 The amount of rebates for air sealing and insulation depend on how many qualified improvements are made. Following are the maximum discounts. In order to qualify, you must use a program-approved participating contractor.
• Air Sealing: $250
• Wall Insulation: $700 • Attic Insulation: $600 Contact: Vectren Energy Delivery of Ohio; www.vectrenenergy.com
