Prescriptive Incentive Program
NIPSCO’s Prescriptive Incentive Program offers financial incentives to qualifying large commercial, industrial, non-profit, governmental and institutional customers, who are making electric and natural gas energy efficiency improvements in existing buildings.
The program is designed to encourage energy-saving projects involving the installation of new, high-efficiency equipment or systems. Prescriptive incentives reward eligible customers replacing less efficient equipment on a one-for-one basis with pre-defined energy-saving technologies.
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 consist of a one-for-one retrofit or replacement of existing equipment/systems with efficient equipment. Projects can include lighting products, space heating systems and controls, steam trap repair and replacement and boiler burner controls. See our full list of measures and eligibility requirements
If the project’s estimated incentive exceeds $10,000 it requires pre-approval before purchase and installation of efficient equipment. See our Custom Incentive Program for more details regarding the approval process.
Eligible NIPSCO customers include those currently billed under electric Rates 620, 621, 622, 623, 624, 625, 626, 632, 633, 634, 641 or 644 and natural gas Rates 421, 425, and 451 (NIPSCO’s DependaBill rate).
How to Apply
Step 1 – Review the Measure List and Complete the Application
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
- Project Invoices
- Tax Exempt Letter (if applicable)
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 – 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) with questions. Fax: 1-800-304-4550.
Trade Ally Information
To find a Trade Ally, contact our Trade Ally Coordinator.
All suppliers, firms or trade allies involved in the installation of new, high-efficiency equipment or systems who would like to be a part of our Trade Ally Network need to complete and submit the Trade Ally Application.