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  • Heather Cummings

PECO Smart Equipment Incentives for Health Care Facilities

Updated: Aug 29, 2023

Last week PECO hosted an event based on their Smart Equipment Incentives program. The luncheon specifically targeted health care facilities, and showcased the potential savings in both kilowatt hours and dollars.The program has more than $67 million in funding, which is available to commercial/industrial, government, institutions and non-profits that complete projects to increase their energy efficiency.


Since the program's launch in March of 2010, it has approved hundreds of projects, and still has millions of dollars to give away. Projects range in cost and size; smaller projects include exit sign replacement, while larger projects include major equipment, such as chiller replacement. The program also covers projects retroactively. Any energy efficient projects completed July 1, 2009 or later can apply for PECO incentives.


The speakers covered a variety of topics, including the different types of incentives, project examples and finance resourcing. The overarching concept being, ACT NOW! The money is available on a first come, first served basis, and while it is far from depleted, businesses should apply now. PECO will even accept applications for future projects; the money will be set aside for the organization, and upon project completion PECO will send the incentive check. While amounts vary, PECO incentives can add up quickly, and the equipment purchased will continue to save organizations money for the life of the product.

For more information on how your company can receive PECO incentives visit www.peco.com/smartideas.

Last week PECO hosted an event based on their Smart Equipment Incentives program.The luncheon specifically targeted healthcare facilities, and showcased the potential savings in both kilowatt hours and dollars.The program consists of $67.4 million, which is available to commercial/industrial, government, institutions and non-profits that complete projects to increase their energy efficiency.


Since the programs launch in March of 2010 it has approved hundreds of projects, and still has more millions of dollars to give away.Projects range in cost and size; smaller projects include exit sign replacement, while larger projects include major equipment, such as chiller replacement.The program also covers projects retroactively. Any energy efficient projects completed July 1, 2009 or later can apply for PECO incentives.


The speakers covered a variety of topics, including the different types of incentives, project examples and finance resourcing.The overarching concept being, act now!The money is available on a first come, first serve basis, and while it is far from depleted, businesses should apply now.PECO will even accept applications for future projects; the money will be set aside for the organization, and upon project completion PECO will send the incentive check.While amounts vary, PECO incentives can add up quickly, and the equipment purchased will continue to save organizations money for the life of the product.


For more information on how your company can receive PECO incentives visit www.peco.com/smartideas

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