Anderson-based Solas Ray Lighting has launched a program designed to connect businesses throughout the state with energy-efficiency strategies, rebates and tax credits. Rebate Indiana, which was established early this year by the company and partner Continental Inc., is designed to fill the void left by programs like the defunct Energizing Indiana initiative. Shortly after Energizing Indiana expired at the end of 2014, several major Hoosier energy suppliers started their own stopgap programs.
Solas Ray Chief Executive Officer Judy Nagengast says executives with large commercial operations may not realize what they stand to save. "Many rebates and financial support unfortunately go unused either because people don’t know about them, the application information doesn’t seem clear, or people believe that there might be a ‘catch’ to receiving the financial rebate or tax credit," said Nagengast. "This is especially true of commercial operations, where executives and managers may unnecessarily distrust or find rebate or tax credit applications to be confusing." The company, which manufactures LED lighting for commercial and residential applications, says the program has also led to some partnerships among businesses it may not have otherwise dealt with.
The Rebate Indiana program says it supplies information on utilities including Plainfield-based Duke Energy Indiana, Hoosier Energy in Bloomington, Fort Wayne-based Indiana Michigan Power, Indianapolis Power and Light Co., Evansville-based Vectren Corp. (NYSE: VVC), the Wabash Valley Power Association in Indianapolis and others.
Some rebates could run out by year’s end, so program officials say timing is important.
Solas Ray Chief Executive Officer Judy Nagengast says executives with large commercial operations may not realize what they stand to save.