Custom/HVAC Systems: $100,000 or 50% of the total project cost
Incentive cannot buy down project below 1.5 years payback.
HVAC Systems (New Construction): $0.12/kWh reduced
Lighting Efficiency (New Construction): $0.35/Watt reduced
Lighting Controls (New Construction): $45-$50/sensor
Roof/Attic Insulation (New Construction): $0.01/sq. ft./Watt reduced
Windows (New Construction): $0.40/sq. ft./Watt reduced
Custom (New Construction): $0.12/kWh reduced
Vectren Energy Delivery offers commercial customers in Indiana electric rebates for the installation of certain types of equipment in newly constructed buildings. Prescriptive and performance based equipment rebates are available for measures including lighting, HVAC measures and insulation. In order to qualify for rebates, equipment must meet program efficiency and installation requirements. See the program web site for these details.
A custom incentive program is available for projects that do not qualify under the prescriptive rebate program, which may include a variety of measures. The custom rebate program offers a rebate of $0.12/kWh reduced for energy savings. New construction custom incentives are awarded based upon whether, and how much, the project exceeds requirements of the 2010 Indiana Energy Code. The maximum rebate for the custom program is the lesser of 50% of the cost of a project or $100,000. Customers interested in the custom rebate program should contact Vectren to see if a potential project will qualify for a rebate. Prescriptive rebate forms must be completed within 90 days of the date of equipment purchase or service.
See program brochure