What is an Energy Savings Program?
Utility companies such as gas and electric producers are mandated by the government to assist with increasing the proliferation of high-efficiency lighting and HVAC equipment. This is needed because the rate of increase in energy consumption in the United States is outpacing the rate of demand. If energy consumption were to exceed demand, our everyday lives would change rather dramatically.
To reduce overall demand, utility companies provide incentives to businesses that replace old equipment with new high-efficiency products, or install high-efficiency products on new construction. Most states have enacted laws prior to 2010 and you can find the line item expense on your utility bill.
Are you selling energy; do I switch utility companies?
No. We do not sell energy and we're not trying to get you to convert.
What's the catch?
There’s no catch. The U.S. energy demand is outpacing supply & the most cost-effective approach is to reduce energy demand. To encourage small businesses to upgrade energy technologies, utility company programs are available to upgrade your Lighting and install energy-saving HVAC and Compressed Air systems. Besides being a full service electrical contractor, IKON Electric has partnered as a trade ally with your local electricity providers such as ComEd to make your energy efficient upgrades easy and cost effective for your business.
Does My Business Qualify for Energy Saving Incentives?
If you received our information, your business likely qualifies. Contact us today and schedule your free assessment. Once the assessment is complete, you will be able to sit down with your assessor and they can thoroughly explain all of the incentives and cost savings that may meet the qualifications.
What will this cost me?
The Energy Assessment is free and is a required step in the process to find out how much the utility company and/or State incentives will cover. We typically find that incentives and discounts cover about 75% of the total installation cost.
Incentive amounts vary based on products required and the type of installation. Most businesses see up to 75% savings with incentives. Additional savings may come from tax incentives. On occasion, some customers see greater than 75% cost savings. The math is easy: if a project were to cost $5000 without incentives, a business may expect to see out-of-pocket cost between $1250 and $2500. Plus, installing high-efficiency products immediately reduces a company's utility bill.
How much will my utility savings be?
Savings depends on the types of lights you have and what we can replace them with. Lighting bill savings can be in the 50% or greater range for most commercial environments. Lighting usually contributes about 15-30% of total energy expense for commercial businesses. Replacing low efficiency lighting with high efficiency lighting can cut energy costs dramatically. If your business qualifies for HVAC and/or Compressed Air, your incentives will increase overall and your energy savings will be even greater than lighting alone. Your Energy Assessment will include a quick ROI calculation based on the operating hours for each area.
What is the application process?
The application from ComEd will verify your eligibility. You will need to sign the application and then complete the easy, no-hassle assessment.
Do you work with contractors?
Absolutely. At times IKON Electric will partner with other contractors to ensure work is done in a timely manner and meets all of the customer’s specifications and satisfaction. All of our contractors are known partnerships; IKON Electric supervises and inspects all work provided ensuring quality and accuracy.