North West REC's Commerial/Industrial/Value-added Ag Rebates

Commercial, Industrial and Value-Added Agriculture Rebates

North West REC encourages businesses in the efficient use of electricity in all energy applications. As an incentive to our commercial, industrial and value-added agriculture customers, NWREC offers energy efficiency rebates on the installation of qualifying energy efficient lighting and motor load installations.

2022 North West REC Rebates

You Pull the Plug NWREC Rebates

Insulation Rebate Form Fillable

Energy Star Appliance Rebate Form NWREC

Electric Vehicle Charger Rebate Form

No form is needed for ASHPs, GSHPs, and Mini-Split Heat Pumps units simply submit copies of the invoice for the rebated equipment to North West REC, and a representative for North West REC will inspect the installation prior to the rebate being paid to verify that it has been installed and is operating

Submit your rebate any of the following ways:
- Mailing them to North West REC P.O. Box 435 Orange City
- Dropping them off at any of the offices
- Emailing them to nwrec@nwrec.coop

State & Federal Energy Tax Credits

Variable Speed-Motors and Soft-Start Device Rebates

Variable-Speed Motors and Soft-Start Devices

More than half of all electrical energy consumed in the U.S. is used by electric motors. Improving the efficiency of electric motors and the equipment they drive can save energy, reduce operating costs and improve our nation's productivity. We encourage our members to make energy efficiency a major consideration when purchasing motors.

As an incentive to our customers, North West REC offers a rebate for new variable-speed energy efficient motors installed in a commercial, industrial or value-added agriculture building that is served by North West REC.

Soft-start devices installed on an existing motor which is installed in a commercial, industrial or value-added agriculture building served by North West REC also qualify for a rebate. (The rebate amount is based on the horsepower of the motor that the soft-start device is connected to.) Seasonal applications are not eligible. There is a maximum rebate of $5,000 per motor.

Product	Rebate Amount
Variable speed motors, energy efficient	$30 per horsepower
Soft-start devices on an existing motor	$30 per horsepower

Lighting and Motor rebate programs will run until an allotted amount of monies runs out. Please call before submitting a rebate to make sure there is money available

Air Source Heat Pump Rebates

Air Source Heat Pumps Rebate Options and Rebate Amount

Residential - new and replacement loads

If back up heat is electric $700 per ton
If no back up heat or if back up heat is propane or gas $500 per ton
Maximum rebate limit of 30% of equipment/install cost up to $10,000

Commercial/Industrial/Ag projects - new and replacement loads

If back up heat is electric $700 per ton
If no back up heat or if back up heat is propane or gas $500 per ton
Maximum rebate limit of 30% of equipment/install cost up to $75,000

No form is needed, simply submit copies of the invoice for the rebated equipment to North West REC, and a representative for North West REC will inspect the installation prior to the rebate being paid to verify that it has been installed and is operating

Geothermal Rebates

Geothermal Heat Pumps Rebate Options and Rebate Amount

Qualifying Unit Type	Rebate Amount
Residential geothermal heat pump Maximum rebate limit of 30% of equipment/install cost up to $10,000	$1400 per ton on new units $750 per ton on replacement units

Commercial/Industrial/Ag Projects Maximum rebate limit of 30% of equipment/install cost up to $75,000	$1400 per ton on new units $750 per ton on replacement units

Find more details about geothermal on the Iowa Geothermal Association website.

Additional Federal & State Tax Credits
Read more about federal and state tax credits in our Smart Choice article: Geothermal Tax Credits Extended

Federal Tax Credit
The recently signed Federal Budget and Stimulus bill includes an extension of the Federal geothermal heat pump (GHP) tax credits through 2023. The Energy Efficiency Property Tax Credit (residential credit) for GHPs is extended for two years at its current level of 26% of total installation cost. In 2023, the credit steps down to 22% and then expires on Jan. 1, 2024. Find more information about eligibility and find Federal Form 5695 on the Internal Revenue website.

Iowa Tax Credit
The Iowa Geothermal Tax Credit is effectively a 5.2% credit (based on a formula of 20% of the federal residential energy-efficient property tax credit, which is 26% for tax years 2020 through 2022). The credit is available for units installed on or after Jan. 1, 2019 and is available for Iowa homeowners on Iowa residential properties. Information and links are on the Iowa Geothermal Heat Pump Tax Credit page of the Iowa Department of Revenue website.

Be sure to consult with your own tax or legal advisors about any individual tax matters relating to the tax credits associated with installing geothermal.

Ductless Mini-Split Heating/Cooling & P-Tac Unit

Ductless Mini-Split Heating/Cooling & P-Tac Units

All units must be Energy Star Certified

Residential
- if back up heat is electric $1000 new load/$500 replacement
- if no back up heat or if back up heat is propane or gas $600 new load/$300 replacements
- maximum rebate limit of 50% equipment/install cost
- Rebate limited to two units per single family dwelling or outbuilding
Commercial/Industrial/Ag Projects
- If back up heat is electric $800 per ton - new load/$400 per ton for replacements
- If no back up heat or if back up heat is propane or gas $400 per ton - new load/$200 per ton for replacements
- Maximum rebate limit of 30% equipment/install cost
- Limit of one rebate for each leasable hotel room

Electric Vehicle Chargers

Electric Vehicle Chargers - For new level 2 chargers only

Residential/Commercial: up to $1000 toward cost of charger and installation, rebate cannot exceed invoice amount

Level 2 charge 208-240 volt

Must be hardwired and installation must meet local code

Member required to provide charger make, model, serial number, specifications

Cannot back-feed into the system

Sub Meter and Load Control Switch are REQUIRED for rebate

Limit of 1 rebate per electric vehicle

Insulation Rebate

Building Insulation Rebate

Details:

The building must be all electric as the primary heating source with electric backup
Insulation must be professionally installed for blown-in, AeroSheild insulating concrete forms, rigid Styrofoam panels and/or structural insulated panel type insulation
Residential- rebate is limited to 30% of installed insulation cost up to a maximum rebate of $800 per building per calendar year.
Commercial/Industrial/Ag buildings-rebate limited to 10% of installed insulation cost up to a maximum rebate of $2,000 per building per calendar year

To receive your rebate, download the Insulation Rebate Form, fill it out and return the completed form to North West REC.

Program requirements

Person or business making the rebate request must be a member-owner of North West REC and the equipment needs to be installed on the North West REC electric system
All equipment must be new to qualify for a rebate
The rebate does not apply for seasonal loads
No form is needed, simply submit copies of the invoice for the rebated equipment to North West REC, and a representative for North West REC will inspect the installation prior to the rebate being paid to verify that it has been installed and is operating
North West REC reserves the right to modify or terminate this program at any time without notice.

North West REC

Commerical/Industrial/Value-added Ag Rebates

Peak Alert

Usage: Normal

Green Normal Conditions