ENERGY FEDERATION INC

Incentive servicesduring efi's history the organization has processed incentives for hundreds of millions of energy efficient products and measures, including energy efficient lighting, appliances, high efficiency hvac equipment, advanced power strips, insulation and air sealing measures, and renewable energy systems, having issued approximately $3 billion worth of incentives on behalf of our clients to-date. Incentives such as these are to encourage consumers and businesses to invest in energy efficient products and measures that they might not otherwise. The types of incentive services that efi makes available to utilities include the following: upstream rebates, in which the incentive agreement is typically executed between the utility sponsor and a manufacturer/retailer, result in the customer price for the energy efficient product being discounted by the amount of the incentive provided by the utility. Efi verifies the purchase data provided by the manufacturer/retailer and reimburses the manufacturer/retailer. Midstream rebates, for which customer and measure eligibility is confirmed by a retailer or distributor, with the utility rebate applied by the distributor during the purchase. Efi verifies the customer and measure eligibility and reimbursed the midstream distributor. Downstream rebates are those in which the end-user must apply for a rebate subsequent to the purchase of the energy efficient measure. Efi usually supports these programs through the deployment of an online site through which required information may be entered and/or uploaded. Efi sometimes enters information from downstream rebates on behalf of the customer, but today management of downstream programs consists more of reviewing and verifying customer-submitted data. Instant rebates allow eligible customers to verify their eligibility for a utility rebate on a given product through their smart phone, select from a list of participating retailers, and have a discount code barcode sent to their phone via text that will apply the utility rebate during checkout at the retailer. The savings from the products and measures for which utilities offer financial incentives (rebates) provide significant benefits to consumers and businesses in the form of lower energy bills, they reduce the need for additional power plant development associated with electricity generation, and they result in reduced atmospheric emissions of greenhouse gasses.