Appalachian Power, AEP launch energy efficiency programs in West Virginia
These custom energy efficiency programs are designed to help business facilities implement cost-effective energy efficiency projects that don’t fit into Appalachian Power and AEP’s Commercial and Industrial Prescriptive Program
Appalachian Power and American Electric Power have kicked off two new energy efficiency programs for 2014 in West Virginia: Custom Commercial and Industrial (C&I) and Custom Commercial and Industrial New Construction.
These custom energy efficiency programs are designed to help business facilities implement cost-effective energy efficiency projects that don’t fit into Appalachian Power and AEP’s Commercial and Industrial Prescriptive Program.
The Custom C&I New Construction Program offers incentives for projects associated with new construction or renovations that exceed state code baseline energy efficiency savings by 10 percent.
Both the Custom C&I Program and Custom C&I New Construction Program help Appalachian Power and AEP customers in West Virginia Benefits include
· Earning energy saving incentives of 7 to 10 cents per kilowatt hour to offset the costs of higher energy efficiency projects;
· Improving energy efficiency and performance in new or existing facilities;
· Achieving long-term energy savings by reducing energy consumption.
Each qualifying customer will receive an incentive payment based on the specific results of the annual energy saving project implemented Energy-saving incentives are paid based on estimated first year kWh savings. Appalachian Power or AEP may pay up to 80 percent of a project’s cost. Customers may be capped at receiving $150,000 in total incentives per year per account, depending on availability of funds.
Customers are urged to contact Appalachian Power or AEP to discuss their project and identify next steps. Program staff members are available 8 a.m. to 5 p.m. weekdays to respond to inquiries. Customers must receive preapproval for their projects before purchasing equipment or committing to buy it.
Projects must have a minimum payback of at least one year, based on electricity cost savings. All technologies are subject to eligibility and verification of savings projections. Incentives are available on a first-come, first-served basis and are contingent on Appalachian Power’s review and acceptance of savings claims.