Energy Efficiency Incentives and Tax Credits - Delaware Municipal Electric Corporation, Inc.

Conservation > Efficiency Incentives & Tax Credits

Energy Efficiency Incentives and Tax Credits

DEMEC supports residential and commercial energy efficiency improvements.  The following is a list of resources that provide incentives and tax credits for energy efficiency.  

State of Delaware Energy Efficiency Incentives

  • Energy Efficiency Investment Fund The Energy Efficiency Investment Fund (EEIF) was created to help Delaware businesses make strategic investments in capital equipment and facility upgrades that will help decrease operating costs, reduce energy consumption, and improve environmental performance. The program offers funding for technical assistance, as well as competitively awarded grants and loans for implementation of energy efficiency projects. 
  • Weatherization Assistance Program This U.S. Department of Energy (DOE) program reduces energy costs for low-income households by increasing the energy efficiency of their homes. 
  • Delaware Clean Transportation Incentive Program These five components provide incentives for Delawareans to purchase new, leased or retrofitted alternatively-fueled vehicles, electric vehicle charging equipment for electric vehicles and install alternative fueling infrastructure. CTIP programs are currently funded at $2.7 million, with funding through through Delaware’s participation in the Regional Greenhouse Gas Initiative (RGGI). 

Sustainable Energy Utility (SEU) Incentives

  • Home Performance with ENERGY STAR  This program takes a whole-house approach to maximize residential energy savings. A comprehensive home energy audit is performed first to identify energy saving improvements that are right for your existing home. Then, customers can take advantage of potential rebates for completing those improvements.  
  • Revolving Loan Fund  The Revolving Loan Fund encourages the adoption and installation of energy efficiency measures and customer-sited renewable generation systems by providing financing to credit worthy businesses and non-profits located in existing facilities in Delaware.  
  • Commercial and Industrial Energy Assessments  All existing non-residential buildings are eligible for an energy assessment incentive, including businesses, non-profit organizations, and the public sector. For non-profit/Governments: the SEU covers 90% of audit cost; this can range from $400 to $1600 depending on energy usage. For profit companies will have thier fee determined after a consultation with the SEU.

Federal Energy Tax Credits

ENERGY STAR The Federal tax credit is applicable to certain EnergyStar and renewable energy products.  Not all EnergyStar or renewable energy systems qualify for a tax credit.  

For more information about energy efficiency efforts at the state level including the work of the Energy Efficiency Advisory Council click here