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CARB offers incentives to zero-emission electric equipment owners. Electric forklift and vehicle owners in California & Oregon can earn cash incentives from California Air Resources Board (CARB) Low Carbon Fuel Standard (LCFS) for their business.
Enroll before the end of the quarter to start claiming your $ incentives!
Reduce Equipment Costs
You get paid for using equipment with low carbon fuels, like electricity. In addition to reducing operational costs, the quarterly incentives can be used to help you reduce the cost of newly purchased or replacement equipment.
Reduce Operation Costs
Electric equipment reduces fuel costs by up to 80% compared to gas and the electric units require 40% less maintenance, reducing your total cost of ownership of the vehicle compared to propane. Going Green gives you an overall savings for your business while also operating at zero emissions.
The Smart Rebates™ program is an energy rebate program allows the Southwest (SWTL) client companies to receive rebates from the California Air Resources Board (CARB) through the Low Carbon Fuel Standard (LCFS). To alleviate the complexity of navigating the CARB and LCFS program, the program partner manages these rebates on behalf of the SWTL client companies while allowing its customers to receive a steady stream of revenue from the LCFS program. It is easy to sign up and is fully covered from LCFS revenue streams with no out of pocket costs to you, SWTL customers.
As a participant in the program, your company will receive quarterly payments based on the electricity used by forklifts, electric vehicles and other material handling equipment (MHE). Typical earnings vary depending on type of equipment and usage and can range from $75 to $300 (or even more) per unit per quarter for as long as your company remains enrolled and qualifies for LCFS credits. Payments are made on a quarterly basis and are typically paid out within ~3 months after the end of the reporting quarter. Note that electricity usage, and subsequent earnings, can vary due to several factors such as equipment mix (class 1/2/3 trucks), load weights and lifting heights, duty cycle, battery charger efficiency, and business seasonality.
It is Easy, just opt-in and give Southwest permission to manage your account. An environmental attribute/credit is generated from each kWh of electricity used in your electric forklift trucks and certain other electric or alternative-fueled vehicles and equipment. We will then sell the credits each quarter to create revenue for your business on a quarterly basis (credit values fluctuate with the market). You won’t have to do anything, but tell us if there is a change in your fleet each quarter.
The Smart Rebates™ program is an energy rebate program managed by Smart Charging Technologies LLC (SCT).
SCT offers various energy credit management programs including the Low Carbon Fuel Standard (LCFS) administered by the California Air Resource Board (CARB) and the Clean Fuel Program (CFP) administered by the Oregon Department of Environmental Quality (ODEQ).
Contact Us and mention “Smart Rebates” or fill out the Incentive Estimate form to start the Opt-In Process.