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Motor and Drive Efficiency - CO
Motor and Drive Efficiency
Colorado businesses – cut your operating expenses and get money for doing it
Overview
Colorado businesses can earn rebates, save energy and improve their bottom line with our Motor and Drive Efficiency rebates.
Motors are expensive because 98% of your motor’s cost is energy to run the motor; therefore, a hasty decision or doing nothing has operational cost implications.
When you install qualified high-efficiency motors or drives and use our rebates you will reduce operating expenses without sacrificing reliability or productivity. The rebates will help offset your critical first cost – purchase price of new equipment.
Benefits
When you take advantage of our Motor and Drive Efficiency rebates, you can:
- Reduce your monthly energy bills by using more energy-efficient equipment.
- Defray upfront costs and shorten payback periods on equipment.
- Decrease downtime and maintenance.
- Lower related labor costs.
- Increase output quality, operating efficiency and productive life of equipment.
Details
| Description | Horsepower | Rebate Offer |
|---|---|---|
| Plan A: New motor – (due to new equipment installation or burnout) | 1 - 500 hp | $25 to $2,250 |
| Plan B: Upgrade Motor for replacing an in-service (working) motor | 1 - 500 hp | $200 to $13,500 |
| Drives (adjustable or variable) for fans and pumps | 1 - 200 hp | $400 to $8,000 |
| Custom - motor or drive applications (require preapproval prior to purchase and installation) | Motors > 500 hp Drives > 200 hp |
Rebate amounts are individually determined |
Plan to save money, cut costs and manage your bottom line
Plan ahead and understand your equipment so you save money in the long term. Inventory your motor equipment and download valuable tools to help get the most out of your motors and drives.
Refer to Additional Information for helpful resources and tools.
Who Qualifies
To qualify, you:
- Must be a business electricity customer of Xcel Energy in Colorado.
- Must purchase and install qualified equipment as listed in the appropriate application.
- May qualify for “custom” rebates on additional measures that are not listed. Custom rebates require preapproval before you purchase any equipment.
How to Get Started
Refer to the appropriate application to ensure the equipment you plan to purchase is qualified for the rebate. Then complete and submit the application per attached instructions and requirements.
Additional Information
If you have any questions regarding our Motor and Drive Efficiency rebates, please call our Business Solutions Center at 1-800-481-4700 or contact your Account Manager.
Xcel Energy is a proud sponsor of the Motor Decisions Matter (MDM) campaign. This national campaign encourages sound motor management and planning to cut motor energy costs and increase productivity.
Visit MDM’s website for more information and helpful tools like their motor planning kit or sponsored calculator to estimate annual energy cost, capital investment, payback and more. Your vendor may also have useful tools and software.
