The Smart Rebates™ program is an energy rebate program managed by Smart Charging Technologies LLC (SCT) that allows NLFL’s customers 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 NLFL customers while allowing our 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.
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.
NLFL customers 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 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.
NLFL/SCT Performs Site Audit
NLFL/SCT Estimates Projected LCFS/CFP Credits
Customer Enrolls in the SmartRebates Program
NLFL/SCT Calculates and Files Quarterly Reports
SCT Aggregates Credits; Brokers/Sells Credits
NLFL/SCT Distributes Cash Rebates to Customers
Contact NLFL and mention "Smart Rebates" to start the Opt-In Process. The Smart Rebates™ program is an energy rebate program managed by Smart Charging Technologies LLC (SCT) that allows NLFL’s customers to receive rebates from the California Air Resources Board 9CARB) through the Low Carbon Fuels Standard (LCFS).
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