Why Converting Your Fleet to Electric Makes Sense: Rebates and Incentives
In this final post of our three-part series about why it makes sense to convert your internal combustion forklift fleet to electric, we’ll talk about some of the rebates that are available to help you offset expenses.
But first, if you haven’t read the first two installments of this series, check them out here:
– Lower Total Cost of Ownership (TCO) and an example ROI calculation
– The Advantages of Electric Forklifts
Take advantage of available energy rebates and incentives
Rebates are available from DTE
Because switching to electric motors requires an initial investment in equipment, energy providers and some government agencies have set up programs to assist. If you are a DTE customer, you are eligible for up to $200 in rebate dollars for every new high efficiency charger you purchase. (Power Designers and Triathlon brands qualify.) Furthermore, the DTE Energy Efficiency Program for business is offering incentives for new energy-efficient improvements including lighting, HVAC, process improvements, and more. Learn more about the application process by downloading this PDF or by visiting the DTE website here.
Property Assessed Clean Energy (PACE) Program
If updating your building is a priority or needs to be done to accommodate adding battery chargers, the PACE program may work for you. PACE is a long-term financing tool for commercial property owners to pay for energy efficiency, water efficiency, and renewable energy upgrades. Property owners receive 100% pre-funding for energy saving upgrades on their facilities and pay the PACE loan back through a special assessment on their property taxes. Take a look at this PDF to see if you are in a qualifying county or city.
To learn more about how you can save money by converting your fleet to electric, contact us here. One of our Vitan Equipment material handling consultants and our Motive Power manager will work together to find the best customized solution to serve your needs.