$120 Million in incentives and rebates available
ST. LOUIS – Ameren Missouri electric customers now have new, innovative ways to reduce their energy usage and save money on their energy statements without sacrificing comfort. Customers can begin to take advantage of $120 million in incentives and rebates at AmerenMissouriSavings.com.
“The power to control energy use is as easy as the flip of a switch or the turn of a dial,” said Michael Moehn, president of Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE). “Every one of our customers has multiple opportunities to save. This is the broadest, most comprehensive energy savings program in the state.”
Ameren Missouri has 26 energy efficiency programs designed specifically to help residential and business customers reduce energy costs. The options include 15 all-new programs, with $50 million allocated for income-eligible customers and social service agencies.
“Reducing customers’ energy costs can help ease financial stress, keep homes more comfortable, and allow social service agencies to devote a larger amount of their resources to the great work they’re doing to improve our community,” said Matt Forck, assistant vice president of community, economic development and energy solutions at Ameren Missouri.
One program, Peak Time Savings gives residential customers a $50 sign-up bonus plus a $25 check each summer to participate in the program. Other programs allow customers to take advantage of savings on new energy-efficient equipment for their home or business and long-term energy savings over the life of that equipment.
“Being more efficient with energy use is good for our environment. The total reduction in carbon emissions from targeted energy savings is the equivalent of removing 126,500 cars from the road and will help achieve our goal of reducing carbon emissions by 80 percent by 2050,” Moehn said.
Ameren Missouri expects to invest $226 million over the life of the energy efficiency programs, which in turn would provide $592 million in benefits for customers. The income-eligible and social service agency programs will be available through December 2024. All other programs will be available through December 2021.
In addition to new energy efficiency programs to help customers save, Ameren Missouri’s recently announced Smart Energy Plan includes a freeze on base electric rates until April 2020 and rate caps to limit the size of any future rate increases.
Ameren Missouri has been providing electric and gas service for more than 100 years, and the company’s electric rates are among the lowest in the nation. Ameren Missouri’s mission is to power the quality of life for its 1.2 million electric and 127,000 natural gas customers in central and eastern Missouri. The company’s service area covers 64 counties and more than 500 communities, including the greater St. Louis area. For more information, visit Ameren.com/Missouri or follow us on Twitter at @AmerenMissouri or Facebook.com/AmerenMissouri.