Smart Rebate Program for Using Electric Forklifts
Generate Additional Revenue with SCT’s Smart Rebates Program
Get paid quarterly for switching to electric forklifts. CARB offers incentives to zero-emission electric equipment owners. Electric forklift owners in California can earn cash incentives from California Air Resources Board (CARB) Low Carbon Fuel Standard (LCFS). Depending on the type of equipment and the equipment’s usage, current quarterly payments range from $150 to $300 per forklift/truck.
Smart Rebates™ Program Details
The Smart Rebates™ program is an energy rebate program managed by our partner, Smart Charging Technologies LLC (SCT), that 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). To alleviate the complexity of navigating the CARB and LCFS program, SCT will administer and manage these rebates on behalf of TMHS client companies while allowing its customers to receive a steady stream of revenue from the LCFS program. SCT services will be fully covered from LCFS revenue streams with no out-of-pocket costs to TMHS customers.
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). Typical earnings vary depending on the type of equipment and usage and can range from $150 to $300 per forklift per quarter for as long as your company remains enrolled and qualifies for LCFS credits. Payments are made on a quarterly basis and are typically paid out within ~3 months after the end of the reporting quarter. 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
TMHS customers must opt-in and give Smart Charging Technologies permission to manage their environmental attributes. An environmental attribute is generated from each kWh of electricity used in your electric forklift trucks and certain other electric or alternative-fueled vehicles and equipment. Smart Charging Technologies will then sell the environmental attributes on a quarterly basis to create revenue for the companies that enroll and opt-in to Smart Charging Technologies Smart Rebates Program.
Eligible material handling equipment:
- Electric forklifts
- Electric pallet jacks
- Electric order pickers
- Electric walkie riders
- Electric reach stackers
- Yard Truck
How to Participate
- Customer contacts Toyota Material Handling Solutions (TMHS)
- Smart Charging Technologies (SCT) performs site audit
- SCT estimates projected LCFS/CFP credits
- Customer enrolls in the SCT Smart Rebates™ program
- SCT calculates and files quarterly reports
- SCT aggregates credits; and brokers/sells credits
- SCT distributes cash rebates to customers
Contact Us and mention “Smart Rebates™” or fill out the form above to start generating additional revenue!