Project Incentives

Move your large-scale process and system energy-efficient project forward with Save on Energy incentives.

If you have a complex upgrade project at your facility, you can gain up to 70 per cent of costs back through capital incentives.

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

Project incentive

Project capital incentives are designed for very large process and system energy efficiency projects.

Project incentive Retrofit program
Incentive The lesser of:

Up to 70 per cent of project costs


$200 per MWh of annual electricity savings
Two options:

Up to 50 per cent of project costs for Custom projects


Fixed incentive levels for Prescriptive projects
Incentive range minimum of $60,000 Unlimited
Monitoring and Verification terms One year Less than one year
Payment terms A) Advance payment: Payments are made during construction as costs are incurred.

B) Deferred payment: Payments are made at the completion of the project and after measurement and verification have been completed.
A) Prescriptive: Payment is made once final application submission forms and invoices have been reviewed by local hydro company.

B) Custom: Payment is made after any applicable measurement and verification has been completed in addition to prescriptive payment requirements.


To be eligible for project capital incentives, your organization must operate a single facility that is connected to a local hydro company distribution network. The proposed project must be in service before December 31, 2020 and provide annualized electricity savings of more than 300 MWh.

Note that the following projects do not qualify for capital incentives unless otherwise approved in writing by the local hydro company: lighting, demand response, electricity generation or fuel-switching projects.

How to get started

The application process for project capital incentives is outlined below. Please contact your local hydro company to find a representative who can provide you with relevant documents and assist you in completing your application.

Step 1:

Contact your local hydro company. An account manager will assist you throughout the application process.

Step 2:

Once you have completed your application form, submit it, along with your final study report, performance security option, electricity bills or billing data, to your local hydro company for approval. Your local hydro company will then submit your application for technical review. If any application details are missing or additional data is required, the technical reviewer may request this information from you.

Step 3:

Once the review is complete, you will receive a summary review report and measurement and verification plan. If agreed upon, you will then receive a Project Incentive Contract from your local hydro company that confirms your project approval.

Step 4:

Once the contract is signed, you can begin construction on your project.

Find your local program provider

Enter your postal code below to find out who to contact to apply for Project Incentives.

Note that some postal code areas are served by more than one hydro company.