Electrification rebates

What equipment can my business get rebates for?

SRP offers a variety of electrification rebates for businesses. Learn what we offer and how upgrading your equipment can benefit your bottom line.

Electric forklifts

	Key Benefits
Reduce fuel costs by up to 75%.	Perform maintenance with 90% fewer parts.	Typical ROI is less than two years.

Get a rebate of up to $500 per forklift for the purchase or lease of each additional electric forklift operated at an SRP-served facility.

If the forklift replaces an internal combustion-powered forklift, this conversion qualifies for a rebate up to $2,000 per eligible forklift.

Pallet jacks are excluded but may be eligible for a $250 rebate if you’re replacing an internal combustion forklift.

Small businesses can receive a $500 bonus for up to two forklifts if your usage is below 145,000 kWh annually.

Download the fact sheet to learn more.

Electric forklift high-frequency smart charging

	Key Benefits
Reduce electricity costs up to 15%.	Real-time monitoring and control.	Higher power factor than conventional chargers.

Get a rebate of up to $150 per charger for the purchase of a high-frequency smart charger operated at an SRP-served facility.

Scrubbers and Sweepers

	Key Benefits
Boost your bottom line by reducing fuel costs.	Enjoy kWh savings of up to $150,000.	Eliminate idling and the release of noxious fumes.

Get a rebate of up to $450 for each battery-powered ride-on scrubber or sweeper purchased for use at an SRP-served facility.

Scissor and Boom Lifts

	Key Benefits
Boost your bottom line by reducing fuel costs.	Enjoy kWh savings of up to $250,000.	Eliminate idling and the release of noxious fumes.

Get a rebate of $750 for each battery-powered scissor or boom lift purchased for use at an SRP-served facility.

Download the fact sheet for details.

Electric truck refrigeration unit (E/S TRU) charging infrastructure

	Key Benefits
Reduce fuel costs by up to 75%.	Typical ROI is less than two years.	Eliminate idling and the release of noxious fumes.

Get a $1,000 rebate per 480-volt three-phase plug to accommodate an electric standby truck refrigeration unit (E/S TRU).

Truck stop and truck fleet charging bays

	Key Benefits
Reduce fuel costs by up to 75%.	Typical ROI is less than two years.	Eliminate idling and release of noxious fumes.

Get a $1,000 rebate when you upgrade your infrastructure to accommodate an electrified parking spot.

These truck stop electrification (TSE) spots allow truck drivers to turn off their diesel engines and auxiliary power units (APUs) and still enjoy heating, cooling, standard electric inside and outside the cab, satellite TV, internet, and many of the comforts of home — all while saving money and getting better sleep without the noise, vibration and exhaust fumes from idling.

Download the fact sheet for details.

Business electric vehicle (EV) charger rebate

	Key Benefits
Boost your bottom line by reducing fuel costs for your electric fleet vehicles.	Position your company as an innovative, environmentally conscious brand.	Recruit and retain employees and tenants with attractive EV charging benefits.

Level 2 EV Chargers
Get a rebate of up to $1,500 per networked Level 2 EV charging station port installed at your business or $4,000 per port for government, nonprofit, multifamily and school customers.

DC Fast Chargers
Get up to a $20,000 rebate for each networked DC fast charger port (480 volts) you install at your business or $20,000 per port for government, nonprofit, multifamily and school customers.

Download the fact sheet to learn more.

Fleet Advisory Services (FAS) Program

Get a rebate of up to $20,000 for completing a study to convert your fleet to electric.

The number of vehicles in the study must meet minimum thresholds to participate. Currently, the funding levels include the following:

Light Duty

• 20 or more = Up to $14,000
• 50 or more = Up to $20,000

Medium and Heavy Duty

• 5 or more = Up to $14,000
• 20 or more = Up to $20,000

Mixed Fleet

• 10 or more = Up to $14,000
• 20 or more = Up to $20,000

Reach out to your Strategic Energy Manager to learn more.

Custom electrification projects

	Key Benefits
Lower fuel, ownership and operating costs	A safer, cleaner and healthier workplace	Less heat generation for cooler operations

SRP offers custom rebates of up to $0.10 per annual kilowatt-hour for customers who upgrade process equipment powered by diesel, natural gas or propane to electric alternatives. Preapproval is required for custom rebate projects.

Download the fact sheet for details.

How to claim your rebate

Claim your rebate in just a few steps.

1. Purchase and install the new, eligible equipment. If you have questions, call us at (602) 236-3065(602) 236-3065.
2. Create an SRP Rebate Center account to claim your rebate. You’ll need to have your SRP account number and the email address associated with your account.
3. Submit your rebate application online. You’ll need certain information, like proof of purchase and equipment model details.

SRP with then reach out to verify your installation. Once approved, you’ll receive your rebate check!

Rebate funds for this program are limited and available on a first-come, first-served basis.

Rebate eligibility

To be eligible for SRP's electric technology rebates, you must:

• Be an SRP business electric customer with an account in good standing.
• Meet all program and equipment requirements listed above.
• Install equipment between May 1, 2022, and April 30, 2023, and apply for a rebate on or before July 31, 2023.

Program requirements and resources

Click to download these key program resources.

• Explore the Electrification Qualified Service Provider (eQSP) List.
• See the Terms and Conditions to apply.
• Download the Program Manual for SRP Electric Technology and Commercial EV Charging Station Programs.
• Download the Fact Sheet

Have questions? Get in touch.

Call (602) 236-3065(602) 236-3065 or email srpetechrebates@icf.com.