NATURAL GAS UTILITIES OFFER REBATES AND INCENTIVES FOR HTHV EQUIPMENT
When it comes to energy efficiency, Cambridge Engineering’s 92% efficient High Temperature Heating and Ventilation (HTHV) technology is definitely one of the most cost-effective ways to heat a high-bay building. With hundreds of building studies spanning more than 25 years – the data clearly demonstrates that building owners can reduce their monthly heating cost anywhere from 20% to 70% depending on the equipment being replaced. A U.S. Department of Energy study showed HTHV technology provided a 20% reduction in natural gas costs when compared to standard unit heaters used to heat a warehouse and distribution facility.
When considering energy-efficient technologies, one obstacle an end-user has to wrestle with is that equipment costs can be higher than less efficient products. To help reduce the nation’s energy consumption, natural gas utilities, across the U.S. and Canada, offer both prescriptive and custom rebates and incentives to end-users in an effort to offset the higher costs. The reduction of energy consumption will lower the operating costs of that building for future heating seasons.
The mere fact that natural gas utilities offer rebates and incentives for HTHV equipment continues to support that HTHV is energy efficient. Utilities have done extensive analysis on HTHV equipment and the resulting conclusion is HTHV meets the threshold required in order for a technology to receive rebates/incentives. The list of natural gas utilities that offer rebates for HTHV equipment is extensive. End-users have been receiving custom rebates and incentives from natural gas companies since early 2000.
Just to name a few, HTHV has received custom rebates/incentives from Liberty Utilities and National Grid on the east coast, to Columbia Gas, Vectren and Nicor in the Midwest, to Energy Trust of Oregon on the west coast. And, over the past 3 years many of the utilities have moved HTHV to their prescriptive measures clearing the path for a much simpler way for end-users to take advantage of the rebates/incentives. The first utility to offer prescriptive rebates was Spire in the Midwest. And, just this year, Ameren of Illinois moved HTHV to their prescriptive measures with a $6.00 per MBH incentive. As more utilities move HTHV to their prescriptive measures, it will provide the end-user a more cost-effective path to deploying energy-efficient equipment which will reduce costs and more importantly reduce the overall energy consumption of natural gas.