Vectren Energy Delivery of Indiana (Electric) - Commercial New Construction Rebates (Indiana)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Vectren Energy Delivery of Indiana (Electric) - Commercial New Construction Rebates (Indiana)|
|Incentive Type||Utility Rebate Program|
|Applicable Sector||Commercial, Fed. Government, Industrial, Local Government, Nonprofit, State Government|
|Eligible Technologies||Building Insulation, Central Air conditioners, Custom/Others pending approval, Heat pumps, Lighting, Lighting Controls/Sensors, Programmable Thermostats, Windows, LED Lighting, Roof Insulation|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount|| HVAC Systems (New Construction): $0.12/kWh reduced|
Lighting Efficiency (New Construction): $0.35/Watt reduced
|Equipment Requirements||See program brochure|
|Maximum Incentive|| Custom/HVAC Systems: $100,000 or 50% of the total project cost|
Incentive cannot buy down project below 1.5 years payback.
|Program Administrator||Vectren Energy Delivery of Indiana|
|Last DSIRE Review||2013-01-03|
| Last Substantive Modification
to Summary by DSIRE
|References||Database of State Incentives for Renewables and Efficiency|
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.
|Contact Name||Vectren Energy Delivery of Indiana|
|Division||Vectren, Marketing and Conservation|
|Address||P.O. Box 513|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.