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  • About
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Industrial Energy Efficiency Program

by Maurice | February 5, 2023

Amount:

No Fixed Amount

Type of Program:

Grants


Description:

The Industrial Energy Efficiency Program provides funding to large and small scale industry customers for both electric and non-electric saving opportunities for projects reducing electricity, for energy audit, feasibility studies, or service studies and for projects reducing greenhouse gases.

The project stream provides incentives on energy saving projects, including: process improvements, HVAC systems, refrigeration, building envelope, compressed air, energy intensity reduction, fuel switching.

Comments on Funding:

Funding for energy audit, feasibility studies or service studies for projects reducing electricity is up to 100% of eligible costs, up to a maximum of $20,000 for small industries and $40,000 for large industries.

Project incentives for projects reducing electricity are the lesser of $0.108/kWh or 50% of eligible costs, up to a maximum of $250,000 for small industries and $500,000 for large industries.

Project incentives for non-electric projects reducing greenhouse gases are 25% of capital costs.


When It Ends:

Ongoing

Deadline:

Rolling deadline 

Eligibility:

The applicant must:

  • large and small scale industries, for-profit businesses,
  • operating in Prince Edward Island.

Application Steps:

1

Applicants must complete and submit the online application form.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

 Incentives for non-electric projects are available until December 2023. 

Program Contact:

Industrial Program

Related posts:

PEI Business Registry: Plain English Guide for Prince Edward Island Entrepreneurs
Major Industries in Prince Edward Island: Overview of 8 Top Industries
Aboriginal Business Financing Program (ABFP)
Jobs and Growth Fund (JGF)

About Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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