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Energy Smart Incentives

Electric Forklifts Class 1 & 2

Expand your existing fleet or switch from gas forklifts to electric and save up to $2,000 on new or refurbished forklifts or up to $1,000 when leasing.

Incentive amounts
What you can earn

Pre-approval required. Projects must be submitted, reviewed and approved before purchasing or leasing equipment. Contact us before committing to a purchase or lease.

$2,000
Per unit
Purchased new or refurbished electric forklifts Class 1 & 2
$1,000
Per unit
Leased new or refurbished electric forklifts Class 1 & 2
80%
Potential reduction in fuel costs when switching to electric
$0
Minimum lease term required
30
Days to submit invoices after project completion
Program details
Eligibility & guidelines
Requirements for Eligibility
  • $2,000 for purchased new or refurbished forklifts
  • $1,000 for leased new or refurbished forklifts
  • Refurbished forklifts must have a new battery
  • Must replace class 4 and 5 forklifts and/or can be fleet expansion
  • Rentals for class 1 and 2 forklifts are not eligible
  • Class 3 forklifts are not eligible (scissor lifts, tuggers, tow tractors, and similar equipment)
  • Purchased/leased forklift must be located and operated within the TVA territory
  • No required minimum lease term
  • Capital leases (dollar buyout) considered as a "purchased" incentive
Rules & Guidelines
  • Pre-approval required projects must be submitted and approved before purchasing or leasing
  • Projects may require pre and post inspections
  • Must submit detailed lists of spec sheets
  • Incentives are capped at 70% of material cost
  • Projects must meet the minimum Standard incentive requirement of $150
  • Once project is complete, equipment invoices must be submitted within 30 days

Ready to make the switch?

Pre-approval is required reach out before purchasing or leasing and we'll handle the rest.

Get in touch