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Business Rebate Program

Amount:

$250,000.00

Type of Program:

Rebate


Description:

The Business Rebate Program provides financial support to help businesses offset the costs of energy efficient products at their facility.  

Comments on Funding:

The funding is in the form of a rebate of 25% of eligible project costs. There is a lifetime cap of $250,000 per eligible
project site.


When It Ends:

Ongoing

Deadline:

December 31, 2023

Eligibility:

The applicant must: 

  • be classified under the Small Industrial, General Service 1, or General Service 2 Rate Schedule as per NB Power’s Rate Schedules and Policies,
  • be located within New Brunswick,
  • have authorization to approve installation of equipment at the Eligible Project Site,
  • propose projects that replace existing equipment, decrease energy use, and result in a reduction of greenhouse gas emissions. 

Application Steps:

The applicant must:

1

complete the online registration form

2

develop scope, if he decides to proceed after Step 1. 

3

submit a pre-approval form,

4

implement the project, after approval is granted by Program Staff,

5

once the project is complete, he can request the incentive,

6

once NB Power has approved the payment request, the Incentive will be paid by direct deposit to participant’s account within 60 days.

Documentation Needed: 

Applicants must submit:

  1. 1
    the registration form, 
  2. 2
    the pre-approval from. 

Other Things to Note:

Grants will be available until the budgeted amount of this program has been depleted for any calendar year.

Program Contact:

Business Rebate Program

business-rebate-program-guide-_dec-2021.pdf

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