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Indiana

Indiana

Incentives/Policies for Energy Efficiency

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Vectren Energy Delivery of Indiana (Electric) - Commercial New Construction Rebates   

Last DSIRE Review: 01/03/2013
Program Overview:
State: Indiana
Incentive Type: Utility Rebate Program
Eligible Efficiency Technologies: Lighting, Lighting Controls/Sensors, Heat pumps, Central Air conditioners, Programmable Thermostats, Building Insulation, Windows, Custom/Others pending approval, LED Lighting, Roof Insulation
Applicable Sectors: Commercial, Industrial, Nonprofit, Local Government, State Government, Fed. Government
Amount: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
Maximum Incentive:Custom/HVAC Systems: $100,000 or 50% of the total project cost
Incentive cannot buy down project below 1.5 years payback.
Equipment Requirements:See program brochure
Web Site: https://www.vectrenenergy.com/web/eenablement/learn_about/conserv...
Summary:
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:
  Vectren, Marketing and Conservation
Vectren Energy Delivery of Indiana
P.O. Box 513
Evansville , IN 47734-3552
Phone: (812) 491-4560
E-Mail: CNC@vectren.com
Web Site: https://www.vectrenenergy.com/web/index.jsp
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.