Utility Incentives Sample Clauses

Utility Incentives. Any utility incentive payments expected to be achieved as set forth in the Schedule B-6: Payment Terms, Total Contract Value, and Energy Savings shall, at the sole and absolute discretion of DCAMM, be subject to withholding of retainage until satisfactory evidence is produced to DCAMM evidencing all available incentive amounts have been properly applied for and CONTRACTOR has responded to and cooperated with any and all requests from the applicable utility company to ensure such utility incentives are approved and assigned to DCAMM. All such utility incentive amounts shall accrue to DCAMM. In the event that CONTRACTOR guarantees the Utility Incentive amounts and fails to obtain them, the Total Contract Value will be reduced by the difference between the amount guaranteed by CONTRACTOR and the amount actually obtained.

Utility Incentives. Alliant Energy is one of the electric utility providers to the park. Alliant offers two programs to assist manufacturers in reducing their utility costs. For a limited time, Alliant is able to provide discounted rates to large businesses that relocate to Wisconsin, make significant investments, and create jobs. Alliant’s Shared Savings Program provides low-cost financing for energy-efficiency improvements. The City of Beloit, Town of Beloit, and Town of Turtle can assist in obtaining industrial revenue bonds for your new construction and new equipment purchases for an industrial facility for their communities. Industrial revenue bonds are tax exempt and interest rates typically from 1.5 to 2.5 percentage points below corporate bonds. The terms of the bond issue are negotiable and can be structured to meet the needs of the borrower. The costs of issuing the bonds, which can be sizable, can be spread out over the term of the bond issue. Companies interested in this program will need to hire a Bond Council. Base: Net Income Rate: 7.9% Base: Net Income Rate: 9.5%

Utility Incentives. Any utility incentive payments expected to be achieved as set forth in the Schedule B-3: Payment Terms shall, at the sole and absolute discretion of DCAMM, be subject to withholding of retainage until satisfactory evidence is produced to DCAMM evidencing all available incentive amounts have been properly applied for and approved by the applicable utility company and assigned to DCAMM. In the event that CONTRACTOR guarantees the Utility Incentive amounts and fails to obtain them, the Total Contract Value will be reduced by the difference between the amount guaranteed by CONTRACTOR and the amount actually obtained.

Utility Incentives. El Paso Electric

Utility Incentives. Site Owner has the exclusive right to pursue any available utility incentives related to electric vehicle charging and apply those funds towards the local match requirement, provided that the source of the utility incentives are non-federal funds. For example, Indiana Michigan Power’s program may provide eligible small commercial customers with discounted off- peak charging rates and a $500 rebate, but they cannot have distributed energy (i.e. solar panels) on the account. Larger commercial and industrial customers may be eligible for a similar incentive, if the Station serves as workplace charging (one or more employees has an EV), fleet (electric vehicles are operated by Site Owner), or it serves Multi-Unit Dwelling residents. Certain restrictions apply and Site Owner is responsible for verifying eligibility. Currently, NIPSCO does not have any EV Charging incentive programs for electric customers.

Utility Incentives. 3.1 Utility incentives may be offered to Eligible Facilities or Preferred Facilities that qualify as determined by the City's economic development initiatives and goals. The amount of discount to be offered will be determined using the following table for New Value and New Employment (Table 1) created within a particular Cultural Restoration Area or the general corporate limits as appropriate. Table 1: Schedule Number Depending on the schedule for which the business qualifies, a percentage of the Water, Gas, and Electric utility service charges may be abated on an Eligible Facility or Preferred Facility as follows: Table 2: Schedule Number: In consideration of the representations in Article II, the Contracting Party shall be eligible for Utility Incentives under Schedule Number above.