Electric Forklift Incentives
If you own an electric forklift or other battery-powered material handling equipment, you could be earning cash back every time you charge it up. Businesses need to reduce their carbon emissions, so the California Air Resource Board (CARB) created a financial incentive program to:
- Help businesses offset charging and maintenance costs
- and fund the purchase of new, zero-emission equipment.
Whether you already own electric material handling equipment, or you’re thinking about investing in something new, read on to find out how easy it is to get paid for charging your equipment. Or request a free estimate and find out how much you could be earning each month.
CARB LCFS Credits for Forklifts
What is the California Low Carbon Fuel Standard?
The Low Carbon Fuel Standard (LCFS) was developed by the California Air Resources Board (CARB) to reduce petroleum dependency and improve California’s air quality.
How does the LCFS program work?
- Electric material handling equipment operators earn LCFS credits every time they charge their equipment.
- Accumulated credits are sold to oil companies who must purchase LCFS credits to do business in California.
- Proceeds are paid quarterly to electric material handling equipment operators.
Get paid for something you do anyway — charge your equipment.
Cash incentives are based on the actual kWh consumed by your fleet, but as a rough estimate: a small fleet of 1-6 forklifts could receive $4,500 per quarter ($18,400 per year). A large fleet with 20+ forklifts could receive $25,400+ per quarter, $102,000 per year or more.
You can do whatever you want with the funds you receive. Pay your electric bill, buy new electric equipment, add solar to your facility, etc. Request a free, no-obligation estimate.
Pathways to Participation
You can register your equipment, create a credit account ledger and submit reports on your own or you can work with a partner. TMHNC recommends e-Mission Control.
Who is e-Mission Control?
e-Mission Control is a Sacramento-based "Reg-Tech" (Regulation Technology) company that helps material handling fleets capture funds through low carbon fuel programs by taking on the administrative burden of participation. Time is money after all. e-Mission Control currently manages LCFS credit programs for Peet’s Coffee, Biagi Bros., United Natural Foods Inc., DOT Foods, Markstein Beverage Company, and many others.
Is there a cost to participate?
No, e-Mission Control manages your fleet’s participation with zero upfront costs and zero out-of-pocket costs. They can also help you get paid retroactively for any equipment charging you did last quarter (something only pre-registered LCFS providers like e-Mission Control can offer).
How much time does it take?
Completing e-Mission Control's Fleet Intake Form requires only a fraction of the time it would take to register all your equipment with CARB. Simply fill in the blanks and e-Mission Control does the rest. Their form even includes industry standards for data points you may not know off-hand.
Below are a few example metrics you’ll need to provide. If needed, an e-Mission Control representative will conduct a site walkthrough.
- # of shifts per day
- Average # of working days per quarter
- Makes and model years of equipment
- # of charge cycles per shift
If you're a TMHNC customer, we can help you fill in some of the information.
Once your Fleet Intake Form is complete, e-Mission Control takes care of everything from then on. Focus on running your business while e-Mission Control handles your program application, equipment registration, reporting, credit acquisition, credit sales, and all back-end administration.
Each quarter you’ll receive a breakdown of your earnings and receive payment by check or ACH.
Is it really that easy?
If you work with a partner like e-Mission Control, yes, it’s very easy. Watch Biagi Bros.’ testimonial video below.
Managing the program on your own is...not so easy. CARB has strict reporting deadlines and requirements. If you overlook an important detail or deadline, all the time and effort you spent registering your equipment and logging hours could go to waste. An experienced partner like e-Mission Control will help you maximize your potential credit income.
Don't Miss Out on Free Money
Give us a call or fill out our online form to receive a free, customized estimate of your company's LCFS credit revenue. There's no obligation to participate.
How to Maximize Your LCFS Credits
If you’re not already using an electric forklift, pallet jack or other material handling equipment, or if you’ve been thinking about expanding your electric fleet, now is a great time to buy. Use your LCFS credits to offset the cost of buying new equipment and earn cash back every time you charge it up.
Here are some of the most popular electric forklifts and material handling equipment used in Northern California:
- Electric pallet jacks & stackers
- Toyota's core electric forklift (capacity up to 6500 lbs. 1-ton also available)
- Toyota electric pneumatic forklift
- Electric turret forklift (operates in aisles as narrow as 7 ft. 2500 lb. capacity)
Wondering if used electric forklifts are a smart buy? Let’s put it this way: the best new forklifts make the best used forklifts. Browse our inventory of used electric forklifts for sale in Northern California, or learn why used electric Toyota forklifts reconditioned by TMHNC are an excellent value.
Think electric forklifts aren't a good fit for your application? We offer a free consultation to see it's worth it for you to switch.
Our material handling consultants are happy to answer any questions you have about LCFS credits or electric material handling equipment. Contact us online or by phone.
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