Your customer can get up to 70 per cent of complex project upgrade costs back through capital incentives.
The project capital incentive is designed for very large process and system energy efficiency projects that your customer is looking to undertake.
Project Incentive summary of incentives, requirements and terms
The lesser of:
Up to 70 per cent of project costs
$200 per MWh of annual electricity savings
The amount that would provide a project payback of one year
|Minimum project energy savings
||300 MWh per year|
|Measurement and Verification terms||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.
To be eligible for project incentives, your customer must be a single facility 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 greater than 300 MWh.
Note the following projects do not qualify for capital incentives unless otherwise approved in writing by the LDC: lighting, demand response, electricity generation or fuel-switching projects.
The application process for receiving project incentives is outlined below. Your customer must contact their local hydro company for a representative to provide them with relevant documents and assist in completing their application.
Your customer contacts their local hydro company. An account manager will provide assistance throughout the application process.
Once your customer has completed their application form, they will submit it along with their study final report, performance security option, electricity bills or billing data to their local hydro company for approval. The local hydro company will then submit the customer’s application for technical review. If any application details are missing or additional data is required, the technical reviewer may request this information.
Once the review is complete the customer will receive a summary review report and measurement and verification plan. If agreed upon, they will then receive a Project Incentive Contract from their local hydro company that confirms their project approval.
Once the contract is signed, your customer can then start construction on their project.
Enter your customer's postal code below to find out who to contact to apply for this program.Note that some postal code areas are served by more than one hydro company.