Indiana Michigan Power - Commercial and Industrial Rebate Program

This program is not available to homeowners—it applies only to commercial and industrial customers of Indiana Michigan Power. If you own a commercial business, you can receive cash rebates on energy-efficient equipment like LED lighting, HVAC systems, variable frequency drives, refrigeration, and cooking equipment; start by scheduling a free on-site evaluation through I&M or a Trade Ally, then submit a pre-approval application for projects over $20,000 in incentives. Rebates can cover up to 75% of project costs (capped at $250,000 per site), with incentive checks typically arriving within 6 weeks of final application approval.

As a Trade Ally, you can help Indiana Michigan Power commercial and industrial customers access predetermined cash rebates on lighting, HVAC, VFDs, refrigeration, cooking equipment, and compressed air projects. You must ensure all equipment is new (refurbished items are not allowed) and meets program requirements—for example, lighting fixtures must be DLC or Energy Star certified—and customers must submit final applications within 90 days of installation completion or by December 15, 2026 (whichever comes first). Incentive payments are capped at 75% of total project cost with a $250,000 per-site limit, and you can be designated as the payee on the application for direct rebate receipt.

This prescriptive rebate program targets Indiana Michigan Power's commercial and industrial customer base, offering predetermined incentives for HVAC, VFDs, refrigeration, food service, lighting with controls/sensors, motors, and custom measures pending approval. Funds are distributed first-come, first-served with caps of $250,000 per site and $500,000 per company; pre-approval is required for projects exceeding $20,000 in incentives or 1 GWh in energy savings. Program mechanics include free on-site evaluations by I&M Energy Managers, a 120-day window for final application submission post-installation, and 6-week rebate processing timelines, with the application deadline of December 15, 2026 for current incentive levels.