Total Incentives

Total Incentives
  The incentive a utility offers is expressed as a percentage of the technology cost. The utility can assume any level between 0 and 100 percent. A value greater than 100 percent is possible if the utility decides to pay for all the equipment and give a rebate as an additional incentive. You can calculate the required incentive by setting the participant test to one by using the following formula: Total Incentives = (Technology Costs - Bill Reductions)/2.

Energy terms . 2014.

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