Incentives Resource Center

Utility rebates, tax deductions, and local incentives can significantly lower upfront capital costs and speed up project payback. Find what is available for you.

Overview

Explore Utility, Tax, and Local Incentives

Utility, tax, and local incentive program eligibility varies by market, building type, and solution scope. We help identify applicable opportunities, align projects to program requirements, and uncover ways to maximize available funding.

  • Discover regional grants and local performance programs that support compliance, decarbonization, and capital planning goals.

    Find Your Local Incentives

    Panoramic view of South Bend, Indiana

Benefits

What can incentives help you achieve?

Align incentive opportunities with energy, carbon, comfort, and capital planning goals to improve project outcomes.

  1. Lower Upfront Project Costs

  2. Improve ROI and Payback

  3. Advance Energy and Carbon Goals

  4. Simplify Complex Program Navigation

Offerings

What does Trane offer that qualifies for incentives?

Whole-building rebates & services: Energy services/funding guidance

  • Energy Efficiency incentives help building owners reduce energy consumption and costs through upgrades like efficient lighting, HVAC systems, and insulation, while also lowering their environmental impact.
  • Energy Generation incentives support the adoption of renewable energy technologies such as solar panels and wind turbines, promoting clean energy production and long-term savings. 
  • Load Shifting incentives encourage adjusting energy use to off-peak times or using energy storage systems, leading to cost savings and enhanced grid stability. 

Proven Results

How 55 Water Street Captured Incentives for a Heat Recovery Upgrade

To support compliance with New York City Local Law 97, 55 Water Street collaborated with Trane on a heat recovery upgrade that unlocked major tax incentives and utility rebates while reducing energy use and avoiding future penalties.

  • $5.5M in utility incentives
  • 30% Inflation Reduction Act tax credit
  • ~$700K in annual avoided Local Law 97 penalties
  • 3.5-year payback

FAQs

Your questions about incentives, answered.

Yes, you can often stack them. Combining local grants, utility rebates, and federal tax deductions is one of the best ways to maximize project savings. However, stacking rules vary by state and utility territory. Trane reviews your project scope early to make sure all program rules are followed and no funding is left on the table.

Eligibility depends on where your building is located, its square footage, and your utility provider. Trane's local teams can conduct a quick energy audit and cross-reference your facility with active city, state, and utility programs.

Most incentive programs are actually built for retrofits and equipment replacements. Existing buildings use the most energy, so utilities and local governments offer substantial rebates to encourage owners to upgrade aging HVAC units, switch to electric heating, and add digital controls.

Prescriptive rebates have a set dollar amount for standard equipment replacements, such as installing an efficient rooftop unit. Custom rebates are based on total energy saved over time, measured in kilowatt-hours (kWh) or therms. 

Whole-building incentive programs may support efficiency upgrades, on-site energy generation, and load shifting strategies that reduce energy use, improve resilience, and strengthen long-term project value.

Eligible incentives may apply to HVAC equipment, controls and building automation systems, lighting, energy storage and thermal batteries, and renewable energy depending on the market and program.

Internal Resources

How can I fund my projects?

External Resources

Where can I find more information about specific incentives?

ENERGY STAR Rebate Finder

Enter your zip code to locate rebates and special offers on ENERGY STAR-certified products.

C-PACE Commercial Property Assessed Clean Energy Overview

C-PACE is a financing mechanism that provides commercial building owners with low-cost, long-term funding for energy-efficient, water-conserving, and renewable energy upgrades.

Database of State Incentives for Renewables & Efficiency

Find policies and incentives near you.

Insights

Knowledge is the power to do more.

Contact Us

Don't Leave Savings on the Table