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Photos of this event - click here
Information about AEP Ohio’s incentive programs for companies seeking ways to trim their electricity usage—and save money—was presented to members and guests of the Central Ohio IFMA Chapter May 19 at the Confluence Park Restaurant.
Angie Doan, outreach and marketing manager for KEMA Services, offered directives on how to apply, and how to make applications for stimulus package funds speed through the process.
KEMA is the implementation contractor for AEP Ohio gridSmart energy efficiency programs for non-residential customers.
AEP Ohio has three incentive programs tied to the gridSMART program approved by the Public Utilities Commission of Ohio. Funds for these programs are available to companies for energy-saving programs and equipment through the Department of Energy’s $3.4 billion stimulus funds under the american Recovery and Reinvestment Act.
Among the largest awardees of the demonstration funding was $75 million to AEP Ohio, which has three incentive programs tied to the gridSmart program.
The programs tie into a larger effort to cut the state’s electricity consumption by 22 percent by the end of 2025. American Electric (NYSE:AEP) delivers electricity to more than 5 million customers in 11 states, including about 1.5 million Ohio customers. The company last year earned $1.38 billion on $14.6 billion in revenue.
The programs range from a rebate for high-efficiency lighting projects to incentives on purchasing equipment that cuts down on electricity demand.
Through AEP Ohio’s Custom Program, businesses may receive as much as $300,000 in incentives for purchasing high efficiency equipment and implementing industrial process improvements and technologies that reduce energy consumption and peak demand.
All business customers are eligible to participate, and energy efficient improvements that reduce energy consumption and peak demand that aren't covered in AEP Ohio's Prescriptive Program qualify.
The Custom Program helps reduce the payback period of equipment, promote energy efficiency, and lower electricity bills.
The Prescriptive Program offers businesses set financial incentives for the implementation of energy-efficient improvements and technologies that reduce energy consumption. The program is a simple and easy-to-use way to receive funding for common energy efficiency projects.
All business customers in AEP Ohio's service territory in Ohio are eligible to apply, and can choose from a predefined incentive menu based on a fixed-cost per unit installed in these categories--heating and cooling (HVAC),lighting, motors and drives, and refrigeration
Through the company’s Self-Direct Program, AEP Ohio is allowing qualifying companies that have finished energy-efficiency projects since 2007 to apply for an incentive payment or credit up to $225,000 against an electric bill surcharge.
Applications for these programs may be obtained on AEP Ohio’s web site—wwwlgridsmartohio.com. To participate in one of these programs, Doan urged those in attendance to pay particular attention to their applications and be sure to: