Registered Users Member
Employee Employee

Why are rebate companies giving out money to become more energy efficient?

Why are they giving out free money? Aren't they losing money by doing this?

  • Registered Users Member
    Employee Employee
    Many utility companies are required to help consumers reduce energy consumption. Out here in Maryland, we have a state initiative to reduce energy consumption 15% by 2015 which began back in 2008. The utilities are required by the state to implement programs to help meet the overall goal.

    Utility companies get the rebate funding by charging their rate payers as small percentage on their utility bill. This small charge can often be seen on the utility bill itself. The money is put into a big pot where the utility company takes money for funding their rebate programs. Essentially, the rebate companies aren't losing any money since the funds are being provided by the rate payers.

    Utility companies do have a benefit to helping reduce energy consumption. As the consumption of energy increases, the utility companies need to produce more energy and this can eventually lead to the need for new power generation plants. Rather than pay billions of dollars to create new power plants, utility companies rather remain in their current facilities and maintain energy levels by providing rebates for energy efficient products.
  • Registered Users Member
    Employee Employee

    In reply to JocelynG:

    In addition to what Jocelyn said, there are also programs such as Demand Side Management that help to reduce the overall demand on the grid and avoid having to build new plants in order to keep up with demand. Both of these types of programs work together to achieve the same end goal of overall energy reduction on the grid.
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