No Fixed Amount
Type of Program:
The Industrial Energy Efficiency Program provides funding to small and medium scale industry customers for both electric and non-electric saving opportunities for projects reducing electricity, for energy audit or feasibility studies, and for projects reducing non-electric fuels (propane, natural gas, etc.).
The custom stream provides incentives on energy saving projects, including: process upgrades, HVAC systems, refrigeration, building envelope, and compressed air.
Comments on Funding:
Funding for energy audit or feasibility studies for projects reducing electricity is 50% of eligible costs, up to a maximum of $10,000.
Custom incentives for projects reducing electricity are the lesser of $0.108/kWh or 50% of eligible costs, up to a maximum of $75,000 for small industries and up to a maximum of $150,000 for medium industries.
Custom incentives for projects reducing non-electric fuels start at 25% of capital costs.
When It Ends:
March 31, 2022
The applicant must:
Applicants must complete and submit the online application form.
Other Things to Note:
All non-electric projects will need to be complete and incentives paid by March 31, 2022.