incentives
Government Rebates
There are various government rebates and incentives available to encourage energy efficiency and use of renewable sources in electricity generation.
State Legislation
In the state of Oklahoma, there are several incentives and programs related to power distribution.
Federal Legislation
Federal legislation in the United States has played a significant role in shaping the electrical power industry.
Government Rebates:
There are various government rebates and incentives available to encourage energy efficiency and use of renewable sources in electricity generation. Some common rebates include:
Renewable Energy Tax Credits: These credits provide financial incentives for individuals and businesses that install renewable energy systems, such as solar panels or wind turbines.
Energy Efficiency Rebates: Many governments offer rebates and financial incentives for adopting energy-efficient appliances, lighting, and heating/cooling systems. These programs aim to reduce energy consumption and lower electricity bills.
Time-of-Use Rebates: Some authorities offer discounted electricity rates during off-peak hours to encourage shifting energy usage away from peak hours. This can help reduce strain on the grid and minimize the need for additional power plants.
Electric Vehicle (EV) Incentives: Governments incentivize the transition towards electric vehicles by offering rebates on the purchase of EVs or the installation of charging infrastructure.
Low-Income Assistance Programs: These programs provide financial support to low-income households for paying electricity bills or implementing energy-efficient measures to reduce their energy costs.
Please note that the availability and terms of these rebates may vary depending on your location and local government policies. It’s always recommended to check with your local government or utility provider for the most up-to-date information on available rebates.
State Legislation:
In the state of Oklahoma, there are several incentives and programs related to power distribution. Here are a few examples:
Oklahoma Single Point of Contact (SPOC): The SPOC program provides assistance to individuals and businesses looking to establish or expand their operations within the state. This program helps navigate regulatory processes and offers support in infrastructure development, including power distribution.
Rural Economic Action Plan (REAP): REAP is designed to promote economic development in rural areas of Oklahoma. This program offers grants and loans to help with infrastructure upgrades, which can include power distribution projects.
Wind Energy Production Tax Credit: Oklahoma has a production tax credit for wind energy generation. This incentive provides tax benefits to wind energy producers, encouraging the development and expansion of wind power distribution projects.
Distributed Generation Policy: Oklahoma has a policy framework that allows for distributed generation, including net metering and interconnection standards. These policies enable individuals and businesses to generate their own electricity and potentially deliver excess power back to the grid.
Business Incentives: Oklahoma offers a range of business incentives, such as tax credits and exemptions, to attract new businesses and encourage expansion. Some of these incentives may indirectly support power distribution initiatives.
It is important to note that incentives and programs can change over time, so it’s advisable to check with the Oklahoma Department of Commerce or other relevant authorities for the most up-to-date information on current incentives for power distribution in the state.
Federal Legislation:
Federal legislation in the United States has played a significant role in shaping the electrical power industry. Here are a few examples of laws and regulations that have had a substantial impact:
Federal Power Act (FPA) of 1935: This act established the Federal Power Commission (FPC), which later became the Federal Energy Regulatory Commission (FERC). FERC regulates and oversees the transmission and wholesale sale of electricity, ensuring fair and competitive markets for power generation and distribution.
Public Utility Regulatory Policies Act (PURPA) of 1978: PURPA established requirements for electric utilities to purchase power from qualifying renewable energy facilities (QFs). It paved the way for the development of independent power producers and encouraged the use of renewable energy sources.
Energy Policy Acts (EPAct) of 1992, 2005, and 2007: These acts stimulated investment in energy efficiency, renewable energy, and clean technologies through tax incentives and funding programs. They promoted research and development, supported grid modernization, and advanced the deployment of renewable energy resources.
Energy Independence and Security Act (EISA) of 2007: EISA increased efficiency standards for appliances and lighting, promoting energy savings and reducing electricity consumption. It also encouraged the development of advanced vehicle technologies and the use of biofuels.
Clean Air Act Amendments (CAAA) of 1990: CAAA directed the regulation of air pollutants, including emissions from power plants. It established measures to reduce air pollution and improve air quality, particularly in relation to electricity generation.
These are just a few examples of federal legislation that has influenced the electrical power industry. It’s important to note that legislation and regulations continue to evolve, with a growing emphasis on clean energy, grid resilience, and decarbonization to address climate change and sustainability goals.
esg compliance
The ESG (Environmental, Social and Governance) is a set of criteria used to measure a company’s responsibility toward environmental, social, and governance issues. The ESG standards cover all policies and actions a company engages in, from product development through the supply chain. Investors use these factors to invest in companies that mirror their values of protecting the environment, corporate governance, and treating people fairly.
Many utilities look for companies with a high level of responsibility towards the environment. EE is closely involved with the ESG movement. Using Electric and CNG vehicles and offering many different renewable energy solutions to combat carbon emissions from entering our atmosphere demonstrate that EE is committed to ESG compliance and offering environmentally-friendly solutions.