Equipment Rebates: Big Incentives for Big Machines
Finding Over $140,000 in Energy Efficiency Rebates for Client’s Efficient Industrial Presses
The Client
Integral to this company’s process are injection molding machines (IMMs): industrial presses that mold raw materials – such as plastic polymers – into pieces with complex geometries. IMMs can produce large quantities of these pieces with precision and consistency, but they are very expensive and require a lot of energy to function.
The Situation
URA’s Solution
URA coordinated the collection of all relevant invoices, specification sheets, and completed all the necessary paperwork for the rebate application and applicable bonuses. URA’s analysts then worked with the utility’s program engineers to confirm the accuracy of all calculations and documentation.
URA Results = Client Benefits
In spring of 2020, amidst the Coronavirus pandemic and mandatory lockdowns for businesses, URA’s client received a check for $140,790 dollars from the utility company. This experience convinced the client’s leadership to pursue other energy efficiency opportunities as well as strengthen the partnership with URA to uncover more savings- which they certainly have!
Below are some figures reported by and/or based on the utility’s conclusions for the equipment compared to baseline energy consumption for similar machinery:
Annual Energy Usage Reduction: 2,485,010.00 kWh
Annual Energy Cost Savings: $188,860.76
Incentive Awarded: $140,790.00
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