Utility Incentive Savings Calculator

Estimate rebates, bill savings, and project returns fast. Model caps, taxes, and escalating utility prices. Compare scenarios to choose the smartest upgrade today confidently.

Calculator
Enter costs, savings, and incentive program rules.
Layout: 3 columns (large), 2 (small), 1 (mobile)
Equipment + labor before incentives.
Permits, audits, paperwork, or fees.
Used for savings NPV and ROI.
Expected yearly kWh reduction.
Peak kW reduction (if applicable).
How many months demand charges apply.
Average blended energy price.
Monthly demand tariff rate.
Used to grow savings each year.
Used for present value of savings.
Choose the program structure to model.
Flat incentive amount.
Incentive per kWh saved.
Incentive per kW reduced.
Percent of project cost.
Account for partial approval or proration.
Example: 1.15 for a 15% bonus.
If a portion is withheld or delayed.
Maximum incentive payout.
Often a percent-of-cost ceiling.
Some rebates may be taxable income.
Used only when taxable is Yes.
Example data

Sample inputs and typical results to validate your entries.

Scenario Project Cost kWh Saved kW Reduced Rebate Type Cap Paid Incentive Net Cost First-Year Savings Payback
Efficient Lighting $18,000 11,500 2.0 Mixed $6,000 $5,250 $12,750 $2,120 6.0 yrs
HVAC Upgrade $42,000 23,000 7.5 Percent 40% of cost $12,600 $29,400 $5,350 5.5 yrs
Controls Optimization $12,500 8,400 1.5 Per kWh $4,000 $3,780 $8,720 $1,570 5.6 yrs
Formula used
  • Energy savings (year 1): kWh_saved × energy_rate
  • Demand savings (year 1): kW_reduced × demand_charge × demand_months
  • First-year total savings: energy_savings + demand_savings
  • Gross incentive: based on selected rebate type (fixed, per-unit, percent, or mixed)
  • Eligibility + bonus: gross × (eligibility%) × bonus_multiplier
  • Holdback: paid_before_cap = adjusted_gross × (1 − holdback%)
  • Effective cap: min(cap_amount, cap_percent_of_cost × project_cost)
  • Final incentive: min(paid_before_cap, effective_cap)
  • After-tax incentive: incentive − (incentive × tax_rate) when taxable
  • Net project cost: project_cost + fees − after_tax_incentive
  • NPV of savings: Σ[ savingsₜ / (1+r)ᵗ ], where savingsₜ = savings₁ × (1+g)^(t−1)
  • Simple payback: net_project_cost / first_year_total_savings
  • ROI over life: (NPV_savings − net_project_cost) / net_project_cost
How to use this calculator
  1. Enter total project cost and any added fees.
  2. Estimate annual kWh savings from audits or vendor quotes.
  3. Add kW reduction if you pay demand charges.
  4. Set utility rates, escalation, discount rate, and measure life.
  5. Select rebate type and fill in the program values.
  6. Apply caps, eligibility, bonuses, holdbacks, and tax settings.
  7. Press Submit to view incentive, net cost, payback, and ROI.
  8. Download CSV or PDF for proposals and internal review.
Insights

Incentives and project approval

Utility incentives can lower the effective cost of efficiency upgrades by paying for measured savings, demand reduction, or a share of installed cost. Many commercial programs pay roughly 10% to 35% of project cost, while others add fixed participation amounts plus performance payments. Modeling incentives with first‑year bill savings helps rank projects consistently and focus capital on stronger returns. Include fees and taxes for out‑of‑pocket spending.

Inputs that drive verified savings

This calculator converts annual kWh savings into dollar savings using your blended energy rate, and it estimates demand savings using kW reduction multiplied by demand charges and billed months. If you have interval data, use peak‑period impacts rather than annual averages. For early planning, reduce vendor estimates by 10% to 15% and test sensitivity by adjusting rates and demand months.

Caps, eligibility, and holdbacks

Programs commonly limit payouts with two caps: a maximum dollar amount and a maximum percent of cost. The effective cap is the smaller limit. Eligibility represents partial approvals or deemed savings adjustments. A bonus multiplier can reflect time‑limited adders. Holdbacks represent amounts withheld until inspection or measurement and verification, reducing the near‑term cash benefit.

Life-cycle value and break-even

Payback uses first‑year savings and net project cost after incentives and taxes. Over longer horizons, NPV discounts future savings and can include escalation in utility prices. A project may show acceptable simple payback but weak NPV if measure life is short or discount rates are high. Discounted break‑even is the first year cumulative present value turns positive.

Using exports for decision support

Use the CSV or PDF export to document inputs, assumptions, and results for budgeting, approvals, and contractor discussions. Record the rebate type, cap rules, and tax treatment so stakeholders understand how incentive value was derived. Before applications, confirm timelines, pre‑approval needs, and eligible equipment lists. Updating rates, caps, and savings supports a repeatable evaluation workflow. Save baseline; model conservative and aggressive cases.

FAQs

How do I pick a rebate type?

Choose the structure that matches your program: fixed, per kWh, per kW, percent of cost, or mixed. Mixed is useful when you receive multiple components or adders under one approval.

What should I enter for demand months?

Use the number of months your tariff bills demand charges. If demand is seasonal, enter only billed months. If you are unsure, start with 12 and test a lower value to see sensitivity.

How are caps applied?

The calculator computes an effective cap as the smaller of the dollar cap and the percent-of-cost cap. Your final paid incentive is the smaller of the calculated incentive and that effective cap.

Why does after-tax incentive matter?

If incentives are taxable for your situation, taxes reduce the net value you keep. Enter your estimated tax rate to see a more realistic net project cost and payback.

What discount rate is reasonable?

Use your organization’s hurdle rate or cost of capital. If you do not have one, 5% to 8% is a common planning range. Higher discount rates reduce NPV and push break-even later.

Can I use this for proposals?

Yes. Run a baseline and alternatives, then export CSV or PDF to share assumptions and results. Always verify program rules, eligibility, and measurement requirements before final commitments.

Disclaimer: Estimates depend on inputs and program rules. Confirm incentive terms with your utility provider.

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Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.