Tesla files for $8M incentive tied to Reno factory
CARSON CITY — Tesla Motors has filed an application with state utility regulators to take advantage of an economic incentive authorized by the Nevada Legislature for its gigafactory east of Reno.
The application with the state Public Utilities Commission would allow the electric car manufacturer to implement and use the Economic Development Rate Rider, worth $8 million.
The rate rider program, created in 2013, allows the Governor’s Office of Economic Development to offer reduced energy rates to new, large-scale users as part of an incentive package. In 2014, GOED issued a pre-approval for Tesla for the EDRR.
The law was extended in the 2014 special legislative session to bring Tesla’s lithium-ion battery plant to Nevada. Tesla will get a discount on its energy bill for up to 25 megawatts of power over eight years of a 10-year contract with NV Energy.
Read more: http://www.reviewjournal.com/news/politics-and-government/nevada/tesla-files-8m-incentive-tied-reno-factory
