CUSTOM CLIP IS BACK!
A CUSTOM approach that could save your business more than a MILLION dollars!
Competitive Large Incentive Project (CLIP)
The Competitive Large Incentive Project (CLIP) through Ameren Illinois can provide your business or organization with the opportunity to receive generous cash incentives and bonus dollars not available through our regular program.
Why should my business or organization participate in CLIP?
No minimum payback requirement - project paybacks under six months are eligible
Both standard and custom measures can be submitted under CLIP
Incentive-based on annual operating hours rather than an assumed rate (significant opportunity for 24/7 facilities)
Up to up to 85% of your project costs are covered (save EVEN MORE with the addition of the Early Completion Bonus)
Multiple projects can be conveniently submitted on a single application
More specifics of CLIP:
- NO PROJECT CAP
- Your project could qualify for an additional cash incentive bonus up to 20%
- You can request your incentive level
- Requested electric incentives cannot exceed $0.20/kWh
- Requested gas incentives cannot exceed $1.25/therm (private sector) and $3.25 (public)
- Intended for large projects with a minimum projected annual savings of 200,000 kWh and/or 10,000 therms
- Projects are eligible if payback period does not exceed 15 years
- Projects are competitively evaluated based on specific criteria (see the application for details)
|June 30, 2020||Application submittal deadline|
|Aug. 15, 2020||Award notices sent (complete and thorough project submissions may receive an early award letter)|
|Nov. 30, 2020||Corporate commitment letter submission deadline|
|Feb. 26, 2021||Evidence of project execution (POs) due|
|Oct. 29, 2021||Complete projects|
|Nov. 30, 2021||Final paperwork submitted|
CLIP provides complex projects with more time to complete as well as a lucrative cash bonus not available through our regular program. Your project could qualify for a cash incentive bonus of 20% if completed by Nov. 30, 2020*.
*Applicable equipment must be installed and operable by this date.
Early Completion Bonus Amounts
|Completion by Nov 30, 2020||20%|
|Completion by Mar 31, 2021||15%|
|Completion by June 30, 2021||10%|
|Completion by Sept. 30, 2021||5%|
An Illinois manufacturer completed a number of custom projects through Ameren Illinois. With CLIP, the company could have submitted these multiple projects on one convenient application. More importantly, the company missed out on approximately $75,000 in additional cash incentives plus bonus dollars by going through the custom program rather than CLIP.
Don’t wonder about what you should have done. Get the biggest and best cash incentive opportunity — go CLIP.
How Clip differs from Standard and Custom incentive programs
|No minimum payback requirements||x||x|
|One application for multiple projects||x|
|Incentive-based on annual operating hours||x||x|
|Project incentive of up to $550,000 (electric) and $300,000 (gas)||x|
|Simple bonus structure for complex projects||x|
|Specifically designed for larger projects||x|
|Longer period of time to complete projects||x||x|
|Up to 85% of project costs covered (even more with the Early Completion Bonus)||x|
CLIP Webinar – June 18, 2020
The Ameren Illinois Energy Efficiency Program is pleased to once again provide customers with the chance to compete for more than a MILLION dollars in cash incentives! Join us for an informational webinar detailing the process for applying to the Custom Competitive Large Incentive Project (CLIP) Offering. The Ameren Illinois Custom CLIP can provide businesses and organizations with the opportunity to receive generous cash incentives and bonus dollars not available through our regular Program. The webinar will include a live demo of the application process. We hope you’ll join us to learn more about CLIP, and how these incentives can help your business or organization reduce energy costs during these challenging times.