TVA employee examining electric forklift with tablet in hand

ELECTRIC FORKLIFT INCENTIVES

Switch to electric forklifts, and let TVA EnergyRight incentives take some of the cost off your plate.

Connect with a TVA Energy Expert

Save now. Keep saving for years to come.

$19K: Average annual cost savings
81%: Average 1-year ROI
1.83: Years Average Payback
66%: Average cost covered by TVA
151K: kWh Average annual energy savings

BENEFITS

Safer, cleaner power for your fleet.

Smoother, more powerful lifting.

Instant torque and improved maneuverability make heavy lifting easier.

Fewer moving parts.

Less maintenance and downtime than gas-powered forklifts.

No on-site fuel storage.

Removes the risk of storing combustible fuels required by gas forklifts.

Zero tailpipe emissions.

A cleaner, quieter alternative to internal combustion forklifts.

TVA EnergyRight customers who are already saving.

Logo slider placeholder

REQUIREMENTS

Electric forklift incentive eligibility and requirements.

Here’s what you need to know about eligible projects and upgrade requirements.

$2,000 incentive

Available for the purchase of a new or refurbished Class 1 [counterbalance] or Class 2 [narrow aisle] electric forklift.

$1,000 incentive

A $1,000 incentive is available for the lease of a new or refurbished Class 1 [counterbalance] or Class 2 [narrow aisle] electric forklift.

NOTE: Incentives are NOT available for Class 3 or when replacing electric forklifts. DO NOT purchase, remove or install any equipment until all pre-approval requirements are completed and a formal Application Approval Notice has been received via email. Subject to funding availability. Additional rules may apply.