Businesses across industries are accelerating their transition to electric technologies, and the Salt River Project (SRP) is helping to lead the charge. Through its comprehensive suite of electrical equipment rebates, SRP is incentivizing commercial customers to reduce emissions, lower fuel and maintenance costs, and create a cleaner, quieter work environment. Whether you’re electrifying forklifts or installing electric truck charging infrastructure, SRP’s rebate programs make the switch easier and more affordable.

Here’s a closer look at the available incentives, including the SRP Forklift Rebate, non-road vehicle rebate, and custom rebates for unique electrification projects.

Electrify Your Fleet with Forklifts and Material Handling Equipment

Material handling equipment plays a critical role in warehouses, distribution centers, and industrial environments. SRP offers targeted incentives for a variety of electric-powered machines:

Electric Forklifts:

• $500 rebate for the first electric forklift purchase or fleet addition
• $2,000 rebate for replacing an internal combustion (IC) forklift with an electric one
• Prorated rebates available for used or leased electric forklifts

This SRP Forklift Rebate is one of the most impactful programs, offering a significant return for facilities transitioning away from diesel or gas-powered models.

Pallet Jacks (Class 3 Forklifts):

• $200 rebate per electric unit

Scrubbers and Sweepers:

• $750 rebate for each battery-powered ride-on scrubber or sweeper

Scissor and Boom Lifts:

• $750 rebate for battery-powered lifts

High-Frequency Battery Chargers:

• Up to $150 rebate per smart charger installed at an SRP-served facility

These rebates not only offset upfront investment costs but also deliver long-term operational savings.

Refrigerated Trucking and Charging Infrastructure

Electrifying your logistics fleet? SRP has you covered with several rebates aimed at reducing diesel usage in refrigerated trucking and overnight idling:

Electric Truck Refrigeration Units (TRU):

• $1,000 rebate per 480-volt three-phase plug to power electric standby refrigeration units

Truck Stop and Truck Fleet Charging Bays:

• Incentives available for truck stop electrification (TSE) to support off-engine comforts such as heating, cooling, lighting, and communications while reducing emissions, noise, and fuel costs

These incentives are ideal for logistics providers, distribution centers, and any business operating a regional fleet.

Electric Off-Road and Non-Road Vehicles

SRP also supports electrification beyond the warehouse or highway with programs for non-road vehicles:

Golf Carts:

• $150 rebate for replacing an internal combustion golf cart with a battery-powered model

Custom Non-Road Vehicle Rebates:

Up to $0.10 per annual kilowatt-hour saved for electric replacements of:

• Yard trucks
• Turf trucks
• Low-speed vehicles
• Personal/burden carts
• Other industrial transport equipment

These custom rebates require pre-approval but offer flexible support for niche electrification needs.

SRP’s Custom Rebate Program: Tailored Electrification Solutions

For commercial or industrial equipment that falls outside standard categories, SRP offers custom rebates. These rebates are ideal for specialized applications such as:

• Electrified process and comfort heating (infrared, microwave, induction)
• Electrification of water heating or industrial boilers
• Fleet upgrades for AGVs, LGVs, or refrigerated trucking
• Conversion of fossil-fuel-powered equipment to electric alternatives

With rebates of up to $0.10 per kilowatt-hour saved, custom projects can yield substantial returns when paired with SRP’s Zero-Cost Equipment Electrification Assessments.

Program Eligibility

To qualify for any of SRP’s electrical equipment rebates, businesses must:

• Be a commercial electric customer of SRP in good standing
• Install eligible equipment between May 1, 2024, and April 30, 2025
• Comply with all program and equipment-specific requirements

Long-Term Benefits and ROI

Investing in electric equipment not only delivers immediate rebates but also provides powerful long-term value:

Cost Savings Over Equipment Lifecycle: Electric equipment typically has lower fuel and maintenance costs, resulting in significant savings over time. Reduced downtime and longer operational lifespans also contribute to improved ROI.

Positive Brand Impact Through Sustainability Initiatives: Today’s customers and partners are increasingly drawn to businesses that prioritize sustainability. Electrification shows a commitment to environmental responsibility, enhancing your company’s public image and appeal.

Compliance with Emissions Regulations and Future-Proofing Operations: As environmental regulations tighten and carbon reporting becomes more widespread, transitioning to electric systems positions your business for long-term compliance and resilience.

The Bottom Line

SRP’s diverse portfolio of electrical equipment rebates helps commercial customers electrify everything from forklifts and pallet jacks to refrigerated trucks and off-road vehicles. Whether you’re just starting your electrification journey or are ready to go all-in with a custom rebate strategy, SRP makes it possible to reduce costs, cut emissions, and operate more sustainably.

Incentive Rebate360 will help you maximize your savings on heavy machinery and electric equipment through our rebate management services! Reach out today by calling 480-653-8180, emailing [email protected], or scheduling a call that fits your needs by clicking the button below!