Smart Rebates Program
The Smart Rebates™ program is an energy rebate program managed by Smart Charging Technologies LLC (SCT) that allows our 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 our client companies while allowing 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 our customers.
Benefits to Our Client Companies
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 type of equipment and usage and can range from $75 to $300 (or even more) per truck 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 1/2/3 trucks), load weights and lifting heights, duty cycle, battery charger efficiency, and business seasonality.
SCT’s Role
SCT will partner with our client companies and work with our partners and service providers to:
SCT will administer the rebates program, generate and file required reports, generate credits, aggregate your company’s credits with credits generated by other Smart Rebates™ participants, sell the aggregated credits to regulated parties, and send payments to the client company.
How to Earn Smart Rebates?
Client companies 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.
How to Participate?
Benefits to Client Companies
As a participant in the program, your company will receive cash rebates each quarter based on electricity supplied to forklifts and material handling equipment (MHE) measured in kWHrs. Rebate 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 1/2/3 trucks), load weights and lifting heights, duty cycle, battery charger efficiency, and business seasonality.
Select SmartRebates Clients
Stanley Black & Decker
