ELECTRIC FORKLIFTS MAKE CENTS

EArn up to $2,000 cash back through tva

Expand your existing fleet or switch from gas forklifts to electric and save up to $2,000 on new or refurbished forklifts or up to $1,000 when leasing an electric forklift.

Requirements for Eligibility

• $2,000 for purchased new or refurbished forklifts.

• $1,000 for leased new or refurbished forklifts.

• Refurbished forklifts must have a new battery.

• Must replace class 4 and 5 forklifts and/or can be fleet expansion.

• Leases for class 1 and 2 forklifts are not eligible.

• Class 3 forklifts are not eligible. (scissor lifts, tuggers, tow tractors, and similar equipment)

• Purchased/Leased forklift must be located and operated within the TVA territory.

• No required minimum lease term.

• Capital leases (dollar buyout) considered as a “purchased” incentive.

Rules & Guidelines

• Pre-approval required. Projects must be submitted, reviewed and approved before removing, purchasing or installing equipment.

• Projects may require pre and post inspections.

• Must submit detailed lists of spec sheets.

• Incentives are capped at 70% of material cost.

• Projects must meet the standard minimum incentive requirement of $150.00.

• Once project is complete (installed and fully operational), invoices must be submitted within 30 days.

• Equipment must be purchased and installed by a member from the Preferred Partners Network (PPN)

• OR encourage your contractor to become a PPN member: https://energyright.com/business-industry/become-a-member/

• Additional program rules apply. For more information, please visit: https://energyright.com/business-industry/incentives/applying-for-incentives/

This information was last updated 10.02.2023. Always check EnergyRight.com for the most up-to-date information. All incentives are subject to TVA and local power company approval and available funding.