$500,000 per project per year
$1,000,000 per applicant per year
Other Projects: $0.09/kWh in electricity reductions
Energize Indiana Rebates: Varies widely
Northern Indiana Public Service Corporation (NIPSCO) offers incentives to commercial, industrial, nonprofit, government, and institutional customers for replacing or retrofitting equipment or systems in existing facilities. Customers receive rebates based on the estimated electricity to be saved in the first year that the new equipment or systems are in place. Systems or equipment installed before receiving project approval are not eligible for rebates. The payback period for the installed equipment must be more than one year (without the incentive). Additionally, prescriptive rebates are available through Energizing Indiana. More information regarding the application process and eligibility is available on the program web site.
All equipment must be new