IndianaRebate Program

AES Indiana - Business Energy Incentives Program

You getHVAC & Mechanical Equipment Rebates Central Air Units: $50–$80 per ton (varies by capacity) Packaged Terminal Air Conditioners: $55 per unit Ductless Mini-Split Heat Pump: $40 per ton Packaged Terminal Heat Pumps: $55 per unit Air Source Heat Pumps: $60 per ton Geothermal Heat Pumps: $240 per ton Programmable or Wi-Fi Thermostat: $100 each Guest Room Energy Management Controls: $75–$200 per room Demand Control Ventilation: $0.10 per sq ft Advanced Rooftop Controls: $130–$200 per ton Heat Pump Water Heater: $500 each VFD on HVAC Fans or Pumps: $90 per HP VFD on Compressor: $95 per HP Compressed Air Low-Pressure Drop Filter: $8.75 per HP No-Loss Condensate Drain/Valve: $500 each Lighting & Controls Rebates ENERGY STAR LED Downlight or Track Light: $10 each Under-Cabinet Task Light: $5 each High/Low Bay LED Fixtures: $40 – $240 each (by lumen range) LED Exit Signs: $10 each Case Lighting (Freezer/Cooler): $30 per light Case Lighting Controls: $4 per light controlled 8′ LED Retrofits: $0.30 per watt reduced Linear LED Lamps: $2.50 per lamp LED 1x4, 2x2, 2x4 Fixtures: $5 – $40 each (by lumen range) Delamping (T8/T12): $1 per lamp removed Exterior LED Fixtures: $50 – $250 each (by lumen range) Lighting Controls: $0.10 – $0.15 per watt controlled Networked Lighting Controls: $0.45 per watt or $0.10 per sq ft Kitchen Equipment Rebates Combo Oven: $1,200 each Convection Oven: $700 each Fryer: $250 per vat Griddle: $1,000 each Steam Cookers: $950 – $2,000 (3- to 6-pan) Dishwashers: $375 – $1,400 (varies by type) Ice Machines: $75 – $1,500 (varies by capacity) Glass/Solid Door Freezers: $50 – $600 each Glass/Solid Door Refrigerators: $40 – $175 each Evaporative Fan Controller: $110 each Anti-Sweat Heater Control: $100 per door Strip Curtains: $75 – $150 each Auto-Closer for Walk-In Doors: $250 per door Night Covers: $25 per linear ft Door Gaskets: $10 per linear ft EC Motors (Walk-In / Reach-In): $200 each Snack Machine Motion Controller: $20 each Beverage or Cold Drink Vending Controller: $35 each

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Quick facts

Incentive type: Rebate Program
Amount: HVAC & Mechanical Equipment Rebates Central Air Units: $50–$80 per ton (varies by capacity) Packaged Terminal Air Conditioners: $55 per unit Ductless Mini-Split Heat Pump: $40 per ton Packaged Terminal Heat Pumps: $55 per unit Air Source Heat Pumps: $60 per ton Geothermal Heat Pumps: $240 per ton Programmable or Wi-Fi Thermostat: $100 each Guest Room Energy Management Controls: $75–$200 per room Demand Control Ventilation: $0.10 per sq ft Advanced Rooftop Controls: $130–$200 per ton Heat Pump Water Heater: $500 each VFD on HVAC Fans or Pumps: $90 per HP VFD on Compressor: $95 per HP Compressed Air Low-Pressure Drop Filter: $8.75 per HP No-Loss Condensate Drain/Valve: $500 each Lighting & Controls Rebates ENERGY STAR LED Downlight or Track Light: $10 each Under-Cabinet Task Light: $5 each High/Low Bay LED Fixtures: $40 – $240 each (by lumen range) LED Exit Signs: $10 each Case Lighting (Freezer/Cooler): $30 per light Case Lighting Controls: $4 per light controlled 8′ LED Retrofits: $0.30 per watt reduced Linear LED Lamps: $2.50 per lamp LED 1x4, 2x2, 2x4 Fixtures: $5 – $40 each (by lumen range) Delamping (T8/T12): $1 per lamp removed Exterior LED Fixtures: $50 – $250 each (by lumen range) Lighting Controls: $0.10 – $0.15 per watt controlled Networked Lighting Controls: $0.45 per watt or $0.10 per sq ft Kitchen Equipment Rebates Combo Oven: $1,200 each Convection Oven: $700 each Fryer: $250 per vat Griddle: $1,000 each Steam Cookers: $950 – $2,000 (3- to 6-pan) Dishwashers: $375 – $1,400 (varies by type) Ice Machines: $75 – $1,500 (varies by capacity) Glass/Solid Door Freezers: $50 – $600 each Glass/Solid Door Refrigerators: $40 – $175 each Evaporative Fan Controller: $110 each Anti-Sweat Heater Control: $100 per door Strip Curtains: $75 – $150 each Auto-Closer for Walk-In Doors: $250 per door Night Covers: $25 per linear ft Door Gaskets: $10 per linear ft EC Motors (Walk-In / Reach-In): $200 each Snack Machine Motion Controller: $20 each Beverage or Cold Drink Vending Controller: $35 each
Administrator: AES Indiana
Applies to: Utility, Commercial, Industrial
Technologies: Air conditioners, Ductless Mini-Split Heat Pump, Heat pumps, Dual Fuel Air-Source Heat Pump, Geothermal Heat Pumps, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Heat Pump Water Heater, Compressed air, LED Lighting, Lighting Controls/Sensors, Electric Cooking Appliance, Dishwasher, Commercial Refrigeration Equipment, Vending Machine Controls

Dates

Source last updated: October 27, 2025

About this incentive

The AES Indiana's Incentives Program assists commercial and industrial customers with reducing energy consumption through three common types of equipment: lighting, HVAC, and kitchen. The program also offers Custom Incentives to provide incentives for energy efficiency projects involving other technologies. Participants interested in the Custom program should define the project and submit an application early, as they must be pre-screened and pre-approved. Once an application gains approval, an incentive is reserved until project completion. Contact IPL for more information on this offering.

Data updated October 27, 2025. Always confirm details on the official program website before applying. Programs change frequently.