Custom Incentive Program
NIPSCO’s Custom Incentive Program offers financial incentives to qualifying large commercial, industrial, non-profit, governmental and institutional customers for installing new energy-saving equipment. The Custom Incentive Program is designed for projects that do not fall under the Prescriptive Incentive Program. Pre-Approval is required for all Custom incentives before any equipment is purchased or installed. Incentives will be calculated based on the estimated reduction in kilowatt hours (kWh) and/or therms from implementation of the energy efficiency project. Incentives will be paid out at $0.07/kWh reduced for lighting projects, $0.09/kWh reduced for non-lighting projects, and $0.80/therm reduced for projects involving gas savings.
NIPSCO’s commercial, industrial and non-profit energy efficiency programs are administered by Lockheed Martin, a third-party implementation specialist that helps businesses save energy.
What Type of Projects Qualify?
Eligible projects, which are designed by the customer, may consist of the retrofit or replacement of existing equipment/systems that result in energy savings. This can include, but is not limited to, lighting, HVAC, compressed air, refrigeration, food service, motors, data centers and IT system projects. For a full list of eligibility requirements, see the application below. All projects must be completed by December 31, 2018 in order to be eligible for incentive.
Eligible customers include those currently billed under NIPSCO electric rates 720, 721, 722, 723, 724, 725, 726, 732, 733, 734, 741 or 744 and natural gas rates 421, 425 and 451 (NIPSCO’s DependaBill rate).
How to Apply
Step 1 – Review and Complete the Custom Application
*Please note, incentive levels have been updated as of November 1, 2016. Any projects submitted after November 1, 2016 will be required to use the updated incentive levels.
Step 2 – Submit Completed Application with Supporting Documentation to NIPSCO.Savings@lmco.com
If electronic submission is not possible, the application and supporting documents can be faxed to 1-800-304-4550.
Supporting Documentation Required:
- Product Specifications of Efficient Equipment
- Tax Exempt Letter (if applicable)
- Energy Savings Calculations (for Non-Lighting Projects)
Step 3 – Application Review
Applications are reviewed in the order that they are received. Complete applications are processed for review within three business days of submission.
Step 4 – Project Approved, Incentive Offer Delivered
Incentive Offer must be signed and returned within 30 days of being issued.
Step 5 – Customer Signs and Returns Incentive Offer, Begins Project
Once the incentive offer is signed and returned, the customer is free to purchase and install the energy efficient equipment.
Step 6 – Delivery of Completion Form
Completion forms will be sent out approximately 1-2 weeks prior to the estimated completion date.
Step 7 – Project Installed, Customer Signs and Returns Completion Form
Customer must submit final invoices along with signed completion form noting any changes to the scope of work.
Step 8 –Final Review of Project
Incentives are subject to change based on the final scope of work.
Step 9 – Receive Incentive Payment
Incentive checks typically arrive within 6-8 weeks.
To speak with a program representative, call Lockheed Martin toll free at 1-800-299-2501 (Monday – Friday, 8 a.m.-5 p.m. CST). Fax: 1-800-304-4550. Or find a Program Representative in your area.
Trade Ally Information
Our Trade Allies can help you get started today! Trade Allies are suppliers, firms or contractors that are involved in the installation of high-efficiency equipment or systems and have been pre-approved by Lockheed Martin. Find a Trade Ally for your project.
Interested in being a part of our Trade Ally Network? Complete and submit the Trade Ally Application.