Chicago, IL, July 30, 2008 — ComEd commercial and industrial customers will be able to take advantage of new and enhanced energy efficiency programs that are expected to yield more than $155 million in savings during the programs’ lifetime. Launched in June as “Smart Ideas,” the portfolio of energy efficiency measures includes incentives for equipment, upgrades, improvements and more.
“Smart Ideas for Your Business” provides both prescriptive and custom incentives to commercial and industrial customers for implementation of a variety of energy efficiency measures, including environmentally friendly lighting, motors, HVAC equipment and chillers.
Prescriptive incentives are available for commonly installed energy efficiency equipment for retrofits, upgrades and improvements. The list of incentives includes:
* Lighting: Up to $100 per fixture
* Cooling: $15-$50 per ton
* Variable speed drives: $50 per horsepower
* Motors: $7 to $450 per motor
* Refrigeration: $30 to $400 per unit
Custom incentives are available to customers for retrofit or major energy- saving measures not included in the list of qualified prescriptive incentives. Custom incentives are 3-7 cents per annual kWh saved based on the project life, and pre-approval is required.
For example, by upgrading 40 exit signs with energy efficient lighting, a facility could save close to $100 per month in electricity costs. The cost to implement this upgrade is estimated at $3,300, but it would cost about $900 less with the Smart Ideas incentive and it would be paid back in about two years.
Similarly, by modifying two beverage vending machines with ENERGY STAR controls, a facility could save more than $30 per month on their electricity bills. The cost to implement this upgrade is about $430, but it would cost $200 less with the Smart Ideas incentive and it would be paid back in about six months.
ComEd established partnerships with stakeholders and performed a national review of energy efficiency best practices to develop Smart Ideas. The three-year portfolio of programs will allow business and residential customers to manage their energy bills in the future and:
* Reduce energy consumption by 1.2 million megawatt-hours, which is the energy needed to power 140,000 homes for one year;
* Reduce peak load by 330 megawatts, which eliminates the need for a large peak or single unit coal plant; and
* Reduce carbon by the equivalent of removing 100,000 cars from the road.
As part of the Smart Ideas for Your Business launch, ComEd hosted several Green Ribbon Workshops around its service territory in June reaching 1,400 business customers with an overview of the program incentives and tools. Additionally, ComEd presented a similar program overview to more than 400 attendees providing energy efficiency services to commercial and industrial facilities.
ComEd business customers, including commercial and industrial facilities, private schools, small businesses and not-for-profit organizations are eligible to apply for the program.
Enrolling in one of ComEd’s Smart Ideas energy efficiency programs is part of ComEd’s 12 Ways to Green campaign, launched earlier this year to raise customer awareness about energy efficiency and other environmental initiatives. The Smart Ideas programs were developed by ComEd following last year’s legislative efforts and were approved by the Illinois Commerce Commission earlier this year. ComEd’s energy efficiency programs align with Exelon’s plan to reduce, offset or displace more than 15 million metric tons of greenhouse gas emissions per year by 2020.
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