Did you know a majority of rebate programs require pre-approval before new materials are purchased? This pre-approval process takes 29 days on average and usually includes paperwork, inspections, spec sheets, technical reviews, etc. Purchasing or installing lights before you have official pre-approval can result in missing out on the money.
Rebate programs usually have specific requirements as to what type of products qualify. Equipment that is OK in one location may be ineligible in another one just a few minutes away. Popular requirements are DLC, Energy Star, CEE and Lighting Facts. It’s not enough if the spec sheets have the DLC or Energy Star logo, the product must be on the current list. Sometimes, by spending a little more money for a premium product you qualify for generous rebates.
Small business, direct install, custom, prescriptive, upstream, midstream, downstream…there are many different types of incentives for commercial lighting. You have to investigate your options to choose the one that gets you the most money. Sometimes, it’s even possible to layer different programs on top of one another for an even higher incentive. See how one customer received 3 times higher rebates by choosing the best program.
Getting the funds from the organizations isn’t always as easy as you think. It can take 5-6 months to complete the rebate process. During this time, there’s a lot of correspondence and work with the rebate administrators. Each year, rebate programs handle thousands of applications, so it’s easy for yours to be lost or mishandled. You have to stay on top of it to make sure you get the money. Popular issues include wrong addresses, a different product being installed, and missing approval deadlines.
Rebates and incentives help reduce the initial upfront cost of lighting projects. Typically, they improve the payback time by 20 – 25%. In fact, looking at all the jobs BriteSwitch has worked on, the average payback was less than 2 years after taking advantage of all the possible incentives.
Get help to maximize your rebates
Rebates and incentives are not always as straightforward as people may think. By choosing the right products, correct timing and best rebate programs, you can maximize your rebate. BriteSwitch can help you get the most money for your projects while taking away all your hassle. You can learn more here.