Project 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.
Project Incentive
The project incentive is designed for large process and system energy efficiency projects you are looking to undertake.
| |
Project Incentive
|
Retrofit Program |
| Incentive |
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 projects or;
- fixed incentive levels for PRESCRIPTIVE projects |
| Minimum Project Energy Savings |
300 MWh |
No minimum |
| M&V Terms |
One year |
One year |
| Payment Terms |
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:
Payment is made
once measurement
and verification has been completed based on one year electricity savings |