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Available Incentives

Capital Incentives are available for a variety of energy saving projects. Whether you are installing variable frequency drives on your motors or you are redesigning your entire system there is an incentive available.

Small Capital Incentive

The small capital incentive is designed to support investment in capital projects for large projects that will increase the efficiency of a process or system at your facility. 

Project Capital Incentive

The project capital incentive is designed for very large process and system energy efficiency projects you are looking to undertake. Generally, large projects that don’t fall within the Small Capital Incentive Agreement parameters would go through the Project Incentive Agreement as there is no dollar amount incentive cap.

  Small Capital
Project Capital
RETROFIT
PROGRAM 
Incentive The lesser of:
- up to 70% of project costs or;
 
- $200 per MWh of annual electricity savings
The lesser of:
- up to 70% of project costs or;
 
- $200 per MWh of annual electricity savings
Two Options Including:
- up to 50%of project costs for CUSTOM and ENGINEERED projects, or;
 
- fixed incentive levels for PRESCRIPTIVE projects
Incentive Range $1 million or less $1 million or greater Unlimited
M&V Terms 1 year 10 years 1 year
Payment Terms A) Two Stage Payment Schedule:
 
- 50% on completion
 
- 50% after one year of project completion date
A) Advanced Payment: Payments are made during construction as costs are incurred
   
B) Deferred Payment: Payments are made at the completion of project and once measurement and verification has been completed

PRESCRIPTIVE:
Payment is made once final application submission forms have been reviewed by local hydro company
  
CUSTOM or ENGINEERED:
Payment is made
once measurement
and verification has been completed based on one year electricity savings



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