As the leading resource for promoting energy efficiency and sustainability in Delaware, Energize Delaware offers an array of commercial incentives and rebates designed to help businesses save money, create jobs, and protect the environment. Whether you operate in the industrial, service, retail, or nonprofit sectors, Energize Delaware provides the tools and financial support to guide your business towards a more energy-efficient future. From revolving loans and multifamily housing energy grants to geothermal and solar grants, Energize Delaware is dedicated to decreasing energy consumption, lowering electricity costs, and minimizing environmental footprints.

Understanding C-PACE: A Game Changer in Energy Efficiency Financing

Commercial Property Assessed Clean Energy (C-PACE) is a revolutionary financing program available in Delaware that enables property owners to make significant energy-efficient upgrades with ease. C-PACE offers long-term financing—often requiring no money down—that covers up to 100 percent of a building’s modernization costs. This program is available to properties in counties that have opted in and includes commercial, industrial, agricultural, nonprofit, and multifamily buildings with five or more units. New construction projects are also eligible. The minimum project cost is $50,000, with no maximum limit. By securing competitive private financing through a voluntary benefit assessment, property owners can enhance their buildings’ energy efficiency, often achieving energy savings that surpass the C-PACE payments, thereby generating positive cash flow and increasing property value.

Business Technical Assistance: Free Support for Energy Efficiency

Energize Delaware’s Business Technical Assistance program is a no-cost service aimed at helping owners of mid-sized buildings (10,000 to 50,000 sq. ft.) evaluate the cost-benefit of energy improvements. Through this program, businesses receive technical assistance from experts to identify the most effective energy-saving measures. Alongside technical support, Energize Delaware offers low-cost, long-term commercial loans and cash incentives for qualifying upgrades such as HVAC systems, LED lighting, and solar installations. Sustainable Real Estate Solutions (SRS), a seasoned administrator of building energy efficiency programs, utilizes its EPIC™ technology platform to provide precise estimates on energy savings, greenhouse

Affordable Multifamily Housing: Enhancing Efficiency and Reducing Costs

The Energize Delaware Affordable Multifamily Housing Program is tailored to improve the energy performance of existing affordable multifamily properties. Participating properties, defined as those with five or more units that receive government housing assistance or charge rents within the Delaware State Housing Authority (DSHA) Payment Standards, can benefit from extensive rebates, technical assistance, and low-cost financing. The program begins with subsidized property assessments to identify energy and water-saving opportunities. Rebates range from 30-50% of upgrade costs, with deeper energy savings yielding higher rebates.

Additionally, the program supports design processes, facilitates upgrade implementation, and provides ongoing oversight to ensure quality and efficiency. Low-cost financing options ensure that savings start immediately, making it easier for property owners to manage upgrade costs.

Leveraging Solar Renewable Energy Credits (SREC)

In compliance with Delaware’s Renewable Portfolio Standard (RPS), electricity suppliers must source a portion of their power from solar generators. To meet these requirements, Delmarva Power purchases Solar Renewable Energy Credits (SRECs) annually. SRECs are market-based instruments representing the renewable value of solar-generated electricity, with one SREC generated per megawatt hour (MWh) of solar electricity. Property owners can sell SRECs separately from the electricity produced, providing an additional revenue stream while contributing to the state’s clean energy goals. The market value of SRECs fluctuates based on supply and demand, offering potential financial benefits for businesses investing in solar energy.

Energy Efficiency Investment Fund (EEIF): Maximizing Savings with Rebates

Administered by Delaware’s Department of Natural Resources and Environmental Control (DNREC), the Energy Efficiency Investment Fund (EEIF) supports non-residential facilities in upgrading to energy-efficient equipment. Businesses can access four distinct rebate pathways: Energy Assessment Rebates, Prescriptive Improvement Rebates, Custom Improvement Rebates, and Combined Heat and Power Rebates. These pathways encourage the replacement of outdated, inefficient equipment with modern, energy-saving alternatives, fostering both environmental sustainability and financial savings.

Commercial Incentive and Rebate Management

Energize Delaware’s comprehensive suite of commercial incentives and rebates provides businesses across the state with the financial support and technical expertise needed to achieve significant energy savings. Programs like C-PACE, the Business Technical Assistance program, and the Affordable Multifamily Housing Program are just a few ways that Energize Delaware is helping businesses reduce costs, improve energy efficiency, and contribute to a more sustainable future. Additionally, with our Incentive Rebate360 experts, we simplify the rebate management process, ensuring that businesses can maximize their savings on energy-efficient projects. By leveraging these resources, Delaware businesses can take a proactive approach to energy management, fostering economic growth and environmental stewardship. Incentive Rebate360 offers rebate management programs to help Delaware businesses. Contact us by calling 480-653-8180, emailing [email protected], or schedule a call that fits your needs by clicking the button below!