AES Indiana - Business Energy Incentives Program

April 22, 2024


The AES Indiana's Incentives Program assists commercial and industrial customers with reducing energy consumption through three common types of equipment: lighting, HVAC, and kitchen. The program also offers Custom Incentives to provide incentives for energy efficiency projects involving other technologies. Participants interested in the Custom program should define the project and submit an application early, as they must be pre-screened and pre-approved. Once an application gains approval, an incentive is reserved until project completion. Contact IPL for more information on this offering.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Indiana
Incentive Type: Rebate Program
Web Site:
Administrator: AES Indiana
Start Date:
Eligible Renewable/Other Technologies:
  • Geothermal Heat Pumps
  • Clothes Washers
  • Refrigerators/Freezers
  • Water Heaters
  • Lighting
  • Chillers
  • Heat pumps
  • Air conditioners
  • Compressed air
  • Programmable Thermostats
  • Motors
  • Motor VFDs
  • Vending Machine Controls
  • Commercial Cooking Equipment
  • LED Lighting
  • Commercial Refrigeration Equipment
Incentive Amount: Lighting: Varies, see program for details

Central Air Units (Rooftop/Unitary AC & heat pumps): $50 - $80/unit
Ductless Mini-Split Heat Pump: $40/unit
Packaged Terminal Heat Pump: $55/unit
Air Source Heat Pump: $50 - $60/unit
Geothermal Heat Pump: $240/unit
Heat Pump Water Heaters: $500/unit
Variable Frequency Drives on HVAC: $90/unit
Programmable Thermostat: $100/unit
Guest Room Energy Management: $75 - $200/unit
Demand Control Ventilation: $0.10/sq ft.
Advanced Rooftop Controls: $130 - $200/unit
VFDs on Compressor: $95/unit
Compressed Air - Other: $8.75/hp or $500/drain valve

Commercial Cooking Equipment: $250 - $2000/unit
Dishwasher: $375 - $1400/unit
Ice Machines: $75 - $1500/unit
Commercial Doors: $40 - $600/unit
Refrigeration: $75 - $150/unit
Night Covers: $25/linear foot
Door Gaskets for Reach-in Cooler/Freezer Doors: $10/linear foot
Electronically Commutated Motors: $200/unit
Vending Equipment: $20 - $35/unit

Custom Incentives: Varies, see program for details
Equipment Requirements: See program website


Name: Indiana Power and Light Company
Address: 1 Monument Circle
Indianapolis IN 46202
Phone: (877) 399-1202

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.