- You submit an application: After you identify a project (or projects), submit an oil and gas incentive application package with IRS Form W-9.
- We provide a pre-inspection: Before you pull out existing equipment we need to establish an energy baseline. It is very important that we do this before you purchase anything new. Our inspection will identify the equipment options that will improve performance while saving energy and qualifying for incentives.
- You sign an incentive offer: You will need to sign an incentive offer before you begin project implementation. If you don’t have an incentive offer, you may not be able to receive an incentive.
- You implement your project: Purchase and install qualifying equipment at an eligible location.
- We provide a post-inspection: We also need to see that the new equipment is installed and functioning correctly. It can be a simple on-sight inspection or it may require more formal savings verification. You’ll be told what the requirements will be during the pre-inspection.
- You receive a cash incentive: Congratulations! Within 45 days of final inspection, savings verification, and/or the receipt of all necessary cost documentation you will receive your incentive.
Oil and gas
Our Wattsmart® Business program offers incentives and engineering support for oil and gas producers, transportation and refinery customers.
Incentives for oil and gas equipment in Utah
- Steps
- Incentives
- Resources
Consider these project ideas:
| Production/Upstream | Transportation/Midstream | Refining/Downstream |
|---|---|---|
| Pump off controller |
VFDs on motor, pumps, fan |
Eliminate recirculation |
| Electric Submersible Pump (ESP) |
Piping/line upsizing | Downsize equipment |
| Improve water injection | Add VFD to gas compressor | Process controls |
Energy management projects – custom to your operation, low-/no-cost system optimization.
| Energy Management Measure | Energy (kWh) Savings |
Electric Cost Savings | Installed Cost | Incentive | Payback Before Incentive | Payback After Incentive |
|---|---|---|---|---|---|---|
| Optimize injection pump | 453,628 | $19,810 | $4,500 | $9,072 | 0.23 yrs. | 0.0 yrs. |
| Percentage of cost paid by incentive |
202% | $0 | $9,072 |
0.23 yrs. | 0.0 yrs. |
|
Custom projects – custom to your operation, capital costs with high savings potential.
| Custom Efficiency Measure | Energy (kWh) Savings |
Electric Cost Savings | Installed Cost | Incentive | Payback Before Incentive | Payback After Incentive |
|---|---|---|---|---|---|---|
| Variable speed drive on motor, pump or fan |
524,724 | $18,139 | $66,329 | $46,430 | 3.6 yrs. | 1.1 yrs. |
| Percentage of cost paid by incentive |
70% | $19,899 | $46,430 |
3.6 yrs. | 1.1 yrs. | |
