Utility Rebates: All You Need to Know
TCP is a leader in the utility rebate industry and manages the majority of the process for you. We partner with utilities in every state to encourage adoption of energy-efficient light.
There are numerous ways you can save by taking part in our utility rebate programs. Many find this process confusing and difficult. But we’ve attempted to simplify things for you, so you can make the most of what’s available: translation, more dollars in your pocket.
Here’s a brief rundown of your options in simple terms:
Your Different Rebate Options Working with TCP
Retailer Mark-Down. Utility rebates are applied to the normal price of a retailer’s product. This entitles the customer to an instant rebate on select items.
Buy Down. Utility rebates are applied to the cost of approved items to a retailer or commercial partner.
Prescriptive Rebates. Prescriptive rebates provide a specific predetermined dollar amount for each fixture replaced.
Custom Rebates. Custom rebates are based on the total energy savings for a specific project and are intended to provide rebates for approved fixtures not covered by a prescriptive program. Incentives vary by location and customer type.
Market Lift Promotions. Market lift promotions provide utilities a platform to capture the power of their retailer partners eliminate the need for buy-downs and yet still allow a utility sponsor to claim credit for bulb sales. This program design sets sales targets for the retailer’s efficient lighting sales and rewards them for achieving them.
Coupon Promotions. The instant coupon operates similar to a markdown but has a controlled number of units that can be purchased within a specific time frame, due to the limitation of coupons being printed.
How Rebates Work
Lighting rebates offer a win-win solution for businesses, consumers and utilities to help offset costs of new buildings and keep money in your pocket. However, utility rebates can be very complex because every type of rebate has its own incentives, goals and procedures.
If you’re looking to make the process even easier, contact TCP’s utility rebate support department. We’re here to help.
Program Implementation and Retail Rebates – Dan White dwhite@tcpi.com
Commercial Rebates – Colleen Reidy creidy@tcpi.com
Some Rebate Friendly TCP Products
TCP offers many rebate-friendly products for you. Some examples include:
- LED Direct Troffer Luminaires
- LED High Bay Luminaires
- LED GP Strips and Retrofit Luminaires
- LED Wrap Light Luminaires and
- LED Vapor Tight Luminaires
Still Not Sure What to Do?
Find more details about specific rebates in your area. You will select your state in the State/Province dropdown, then select your Utility Provider. There are over 500 different utilities across the country and rebates are all different. You can also directly contact your individual utility provider for the most up-to-date information available. In addition, TCP offers you a Return on Investment (ROI) calculator tool which allows you to calculate the Return on Investment and total energy savings for your specific project.
