At a time when cutting costs is a priority for most businesses, energy expenditures can be a significant and unavoidable overhead. If not properly managed, these energy costs can easily account for over 20% of a company’s budget further driving the need to invest in energy efficiency projects that can significantly reduce the impact these costs can have on your financial bottom lines.
What many businesses don’t realize is that each year our state government mandates that electric, gas and water utilities collect billions of dollars from rate payers and redistribute these funds in the form of cash rebates and other incentives to help offset the cost of these energy-efficient projects.
At Plug Smart, we can help you reclaim these rebate checks which will help you accelerate the project payback period or even fund future energy efficiency initiatives. These rebate projects can occur at all stages of the building life cycle and are most commonly seen in new construction, commissioning, renovation, capital improvement, planned retrofit, and retro-commissioning projects.
Within these projects, rebate incentives are typically offered for energy conservation measures that involve investments in HVAC, lighting, motors, refrigeration, energy management systems, occupancy sensors, control system, LED signage, chillers, boilers, heat pumps, geothermal systems, water pumps, air handling, and other types of energy efficiency equipment.
Plug Smart offers a full range of rebate administration and filing services that also includes utility bill auditing, rate plan verification, and government grant money identification assistance. Plug Smart also offers these services based on a “success fee”. This means that Plug Smart only gets paid upon the successful capture of rebate incentives for your project.
Listed below are just a few ways our rebate consultants can help you complete these types of projects.
- Project Screening – Identify and screen eligible rebate programs, prioritize projects for maximum rebate opportunities, and advise client on rebate incentive options.
- Engineering Analysis – Perform engineering analysis for custom projects, measure and verify energy savings, conduct onsite inspections, and run building energy simulations.
- Rebate Administration – Collect capital project data, prepare and file rebate applications, complete pre-construction paperwork, and verify compliance with utility programs.
- Financial Analysis –Manage receipt of payments with utility and PUCO authorities, issue “rebate net checks” to client, and calculate adjusted project payback periods.
- Utility Services – Audit utility bill for potential errors, verify most economical utility tariffs, and research Federal, State & local grant programs for past or future EE projects.
PJM Reliability Pricing Model Auction Services
PJM Energy Efficiency Auction Services – As a certified member of PJM, Plug Smart can enter their clients Energy Efficiency projects into the PJM auctions. PJM is the largest competitive wholesale market in the world and they are responsible for coordinating the buying and selling of wholesale power in the region. Plug Smart is able to place past, current and future energy efficiency projects for their clients in the PJM Auctions.
What many business don’t realize is that this service exist and they let thousands of dollars go right out the door because of the unknown. Plug Smart can help you better understand these services and how your energy efficiency projects can be applied into the auctions. We understand that this can be a difficult concept to comprehend, that is why our experts are here to guide you through the process.
The PJM auction is another potential revenue stream for our clients that have implemented energy efficiency projects within the last few years. This requires little to no work on our clients behalf, Plug Smart handles all of the paperwork and the auction itself. The Plug Smart PJM program is very similar to our Rebate Administration program, it is your money that you earned for projects that you have already implemented, we just have to help you get it. In order to receive the maximum credit, these projects have to be committed to the auction within a year of implementation.
Plug Smart also offers these services based on a “success fee”. This means that Plug Smart only gets paid upon the successful capture of PJM incentives for your projects. Contact Plug Smart today to learn more about PJM Auctions and how you can secure the money that you deserve!