Generate Additional Revenue via Carbon Credits with SCT’s Smart Rebates™ Program for Electric Forklifts

Get paid quarterly for switching to electric forklifts with Carbon Credit rebate payments. CARB offers incentives to zero-emission electric equipment users. Electric forklift owners in California can earn cash incentives from California Air Resources Board (CARB) Low Carbon Fuel Standard (LCFS). Current quarterly payments range from $75 to $300 per forklift/truck depending on the equipment and usage type.

Eligible material handling equipment:
  • Electric forklifts
  • Electric pallet jacks and walkie rider
  • Electric order pickers
  • Electric reach stackers
  • Yard Truck
Smart Rebates™ Program Details for Electric Forklifts

The Smart Rebates™ program is an energy rebate program managed by our partner, Smart Charging Technologies LLC (SCT). The program allows Toyota Material Handling Solutions (TMHS) client companies to receive rebates from the California Air Resources Board (CARB) through the Low Carbon Fuel Standard (LCFS). SCT administers and manages these rebates on your behalf to alleviate the complexity of navigating the CARB and LCFS program. This allows you to receive steady revenue from the LCFS program with no out-of-pocket expense.

Benefits to Customers

As a participant in the program, your company will receive quarterly payments based on the electricity used by forklifts and other material handling equipment (MHE). Payments are made every quarter and are typically paid out within ~3 months after the end of the reporting quarter. Typical earnings vary depending on the type of equipment and usage and can range from $75 to $300 (or even more) per forklift per quarter for as long as your company remains enrolled and qualifies for LCFS credits. Note that electricity usage, and subsequent earnings, can vary due to several factors such as equipment mix (class 1, 2, or 3 trucks), load weights and lifting heights, duty cycle, battery charger efficiency, and business seasonality.

How to Earn Smart Rebates with Electric Forklifts

TMHS customers must opt-in and permit Smart Charging Technologies to manage their environmental attributes. An environmental attribute is generated from each kWh of electricity used in your forklift trucks and other electric or alternative-fueled vehicles and equipment. Smart Charging Technologies then sells the environmental attributes every quarter.

How to Participate
  • Customer contacts Toyota Material Handling Solutions (TMHS)
  • Smart Charging Technologies (SCT) performs site audit
  • SCT estimates projected LCFS/CFP credits
  • The customer enrolls in the SCT Smart Rebates™ program
  • SCT calculates and files quarterly reports
  • SCT aggregates credits; and brokers/sells credits
  • TMHS and SCT distribute cash rebates to customers

Contact Us and mention “Smart Rebates™” or fill out the form above to generate additional revenue!

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