Energize Phoenix, an energy efficiency upgrades and savings program, announces that businesses participating in the commercial loan program are now eligible to receive additional rebates from the commercial rebate program.

The program rebate cap for businesses that secure an Energize Phoenix commercial loan has been increased from $200,000 to $500,000. The rebate cap remains $200,000 for those who do not obtain a commercial loan from Energize Phoenix.

For a limited time, low fixed-rate terms (as low as 3.99%) are available for commercial loans starting at $50,000 (after rebates) with term length between 12-120 months, subject to credit approval.

Businesses considering installing energy efficiency improvements such as lighting, HVAC, chillers, motors, controls, windows or other energy efficiency measures are encouraged to take advantage of this rare opportunity to receive unprecedented rebates and low-cost financing.

Energize Phoenix commercial loans and rebates are available on a first-come-first-served basis until funding is depleted. With the Energize Phoenix program scheduled to end in May 2013 and summer right around the corner, now is the best time to save energy and money. To take advantage of this opportunity, interested businesses should visit energizephx.com or call Mitchell Hayden at (602) 534-2002 for more information.

The city of Phoenix was awarded a $25M federal grant from the U.S. Department of Energy Better Buildings Neighborhood Program through the American Recovery and Reinvestment Act (ARRA) to launch the Energize Phoenix program in partnership with Arizona State University and with support from Arizona Public Service. The Energize Phoenix program saves energy, creates jobs and will transform a diverse array of neighborhoods along the Metro light rail.