Credits & Incentives
Energy Right Solutions for Business & Industry
Energy Right Solutions for Business & Industry provides financial assistance to encourage business customers to install more efficient equipment. Standard and custom incentives are available to help customers reduce project costs and accelerate payback. Incentives are offered in partnership with Tennessee Valley Authority (TVA). Minimum incentives per site is $500.
Standard incentives are available for these categories: food services, refrigeration, HVAC, and lighting. Custom incentives may be available for energy efficiency measures not included on the standard list. Examples of custom incentives include compressed air systems, chillers, IT/data center optimization, process improvements and building automation. Pre-approval may be required.
Business vs. Industry. Site NAICS code will determine business or industry.
Valley Investment Initiative (VII)
The Valley Investment Initiative (VII) is an economic development incentive program offered in coordination with Tennessee Valley Authority (TVA). VII offers financial incentives to qualifying customers who contribute to the economic development of the Region.
Customers in targeted sectors whose facilities meet the following program requirements may apply to be evaluated for a VII award:
- Minimum 1,000-kilowatt peak monthly demand
- Minimum of 25 employees and no plans to reduce workforce by 50 percent or more
- Financially viable
- Existing industry: projected five-year capital investment of either 25 percent of plantís book value or $100 million
- Newly locating company: projected five-year capital investment of $2.5 million
- Standard power contract with a remaining term at least as long as the five-year VII award period
Award amounts are based on a customerís five-year projections and actual performance in the following categories:
- Capital investment
- Jobs added or retained
- Average wages paid
- Annual load factor
VII awards are subject to the availability of budgeted funds and will be paid as monthly power bill credits over a five-year period.
Electric Forklift Program
Electric forklifts have lower operating costs, less emissions, and less maintenance, and quieter operation. Tennessee Valley Authority (TVA) incentivizes the replacement of internal combustion forklifts to electric powered forklifts. Incentives are available for a limited time for the replacement of internal combustion forklifts with electric powered forklifts. You can receive $2,000 per replaced forklift when you make the switch. See firstname.lastname@example.org or call 1-866-233-0450 for more details.
For more information regarding of the programs above, please contact one of our Key Account Representatives.
*Verify Credit Programs
Our staff is committed to providing current, accurate program information. It is our goal to update this site as changes occur. However, programs are subject to change without notice. Customers are encouraged to verify program details with a Key Account Representatives.