Commercial Financial Incentives: Key Upcoming Deadlines and Opportunities

by | Oct 8, 2024 | Incentive News | 0 comments

Businesses looking to enhance energy efficiency and reduce operational costs can take advantage of several commercial rebate programs, many of which are currently open or have upcoming deadlines. Whether upgrading heating systems, lighting, or improving building controls, these incentives can help organizations offset the cost of implementing sustainable technologies.

ConEdison Rebates for Commercial and Industrial Projects

ConEdison offers a range of rebates through its Commercial and Industrial (C&I) Program, designed to help businesses afford state-of-the-art, energy-efficient equipment. These rebates can significantly reduce upfront costs, making it easier for businesses to improve building operations, comply with local laws like NYC’s Local Law 97, and reduce energy bills. The deadline to apply for current lighting incentives is December 31, 2024. After this date, projects must apply through the Instant Lighting Incentive Program. ConEdison’s multi-year bonus incentives also offer up to a 30% increase for projects involving heating electrification and building envelope improvements.

PGW EnergySense Rebate Program

Philadelphia Gas Works (PGW) provides commercial rebates across various categories, including heating equipment, water heating, VRF heat pumps, and commercial cooking. Rebates are available to a wide range of businesses, such as multifamily buildings, healthcare institutions, and warehouses. PGW’s rebates, available from September 1, 2024, to August 31, 2027, are awarded on a first-come, first-served basis. Applications for the previous promotion period (ending August 31, 2024) can still be submitted until December 31, 2024. PGW also offers a tiered incentive structure for projects that incorporate multiple improvements, with rebates capped at $150,000 per customer per year.

Department of Environmental Protection: Small Business Advantage Grant

For small businesses in Pennsylvania, the Department of Environmental Protection (DEP) offers the Small Business Advantage Grant. This program reimburses between 50% to 80% of eligible costs for projects aimed at improving energy efficiency or reducing environmental impact. The 2024-2025 grant program opened on September 20, 2024, with funding opportunities up to $12,000 for projects in Environmental Justice Areas. Businesses should act fast to secure their share, as these grants are awarded on a rolling basis.

These financial incentives allow businesses and multifamily dwellings to upgrade their facilities in an effort to conserve energy and improve performance. To learn more about these incentives, contact us today by calling 480-653-8180, emailing [email protected], or scheduling a call that fits your needs by clicking the button below!

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