Enhanced Growth Credit
2 ways to qualify
- SIC Customer - new or expanding demand requirements of 100 kW or more. Eligible
businesses are classified with one of the following 2-digit Standard
Industrial Classification (SIC) codes:
- Division B: Mining 10 through 14, inclusive
- Division D: Manufacturing 20 through 39, inclusive
- Division E:
- 40 – Railroad Transportation
- 42 – Motor Freight Transportation and Warehousing
- 44 – Water Transportation
- 45 – Transportation by Air
- All-Electric Customer - new or expanding demand requirements of 250 kW or
more. Governments, including school systems, are eligible along
with other businesses that do not qualify as a "SIC" Customer. The
following conditions must be met:
- the Customer’s space conditioning is accomplished solely by an all-electric heating, ventilating, and air conditioning system (HVAC system)
- at least fifty percent (50%) of the customer’s interior floor space at that location is heated and cooled by the all-electric HVAC system, and
- c)at least fifty percent (50%) of the rated electric load served under the Power Supply Contract is for interior lighting, cooking, and the HVAC system
2 options
- The 8-year option pays $6 per kW each month the first year, reduced by $.75 per year for seven years and then ending.
- The 4-year option pays $6 per kW each month for four years and then ends.
Small Manufacturer Credit
Applies to businesses classified with a 2 digit Standard Industrial Classification (SIC) code between 20 and 39, inclusive.
- Demand must be greater than 1,000 kW and less than 5,000 kW
- $1.38 credit per kW for first 1000 kW
- $1.63 credit per kW for 1001+ kW
- In addition, $.00540 credit for all kWh
| Example: Industry “A” used 2462.40 kW and 1,321,200 kWh this month | |
|---|---|
| 1000 kW x $1.38 | $1,380.00 |
| 1462.4 kW x $1.63 | $2,383.71 |
| 1,321,200 kWh x $.00540 | $7,134.48 |
| Total Credit $10,898.19 | |
Enhanced Security Deposit
As a way of assisting commercial and industrial businesses locating in our service area, Tri-County Electric offers the Enhanced Security Deposit Program. Tri-County Electric will waive the required deposit for any business approved in the program (which can save the business several hundred dollars).
In order to be submitted for approval, the business owner (or designee) will need to fill out the ESD application form and provide one banking and one trade reference. Once submitted, the approval process is generally completed in less than two weeks. The business will be required to pay the deposit if the meter needs to be set prior to receiving approval. This deposit will be refunded when the application has been approved.