The Smart Rebates™ program is an energy rebate program managed by our partner, Smart Charging Technologies LLC (SCT), that allows our 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, SCT will administer and manage these rebates on behalf of the SWTL client companies while allowing its customers to receive a steady stream of revenue from the LCFS program. SCT services will be fully covered from LCFS revenue streams with no out of pocket costs to the SWTL customers.
As a participant in the program, your company will receive quarterly payments based on the electricity used by forklifts 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 truck 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.
SWTL customers must opt-in and give Smart Charging Technologies permission to manage their environmental attributes. An environmental attribute is generated from each kWh of electricity used in your electric forklift trucks and certain other electric or alternative-fueled vehicles and equipment. Smart Charging Technologies will then sell the environmental attributes on a quarterly basis to create revenue for the companies that enroll and opt-in to Smart Charging Technologies Smart Rebates Program.
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.