LES puts another $1 million in Sustainable Energy Program

2010-07-16T13:04:00Z 2010-08-09T12:12:36Z LES puts another $1 million in Sustainable Energy ProgramBy the Lincoln Journal Star JournalStar.com
July 16, 2010 1:04 pm  • 

Another $1 million in credits to spur customers to install energy-efficient equipment is available through Lincoln Electric System's Sustainable Energy Program.

The program offers credits on equipment to residential, commercial and industrial customers to make their homes and businesses more energy-efficient.

"At mid-year, our finances were on target as projected," said Kevin Wailes, LES administrator and CEO. "This enables us to apply another $1 million to the Sustainable Energy Program as originally budgeted."

He said the utility's first $1 million in credits was reserved in a little more than two months, and he expects the additional funds to be claimed quickly as well. About $233,000 of the second $1 million is reserved for customers who applied for credits after this year's initial program funding was gone and who are eligible to participate.

Wailes said an analysis that looked at two-thirds of LES customers who received Sustainable Energy Program credits earlier this year showed the amount of energy saved is equal to the annual use of 383 homes.

"That's a significant savings," he said in a news release.

"The program saves our customers money, helps the environment by reducing energy consumption and demand growth and serves as a local economic stimulus during financially challenging times."

To take advantage of the program, Wailes said, customers should contact participating contractors, who are listed at les.com.

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