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ecoENERGY Retrofit Incentive for Industry
Natural Resources Canada's (NRCan's) ecoENERGY Retrofit program is designed to help industrial facilities overcome financial barriers to improving the energy efficiency of their operations.
NRCan will provide a financial incentive of up to 25 percent of project costs to a maximum of $50,000 per application and $250,000 per corporate entity to help small- and medium-sized industrial facilities implement energy-saving projects.
NOTE: To be eligible for an incentive, companies must be approved for funding by NRCan and a Contribution Agreement must be signed by both NRCan and the company before starting the energy retrofit. Costs or expenses incurred or paid by your company before this signed-off funding approval are the sole responsibility of your company and no liability exists on the part of NRCan.
- The ecoENERGY Retrofit Incentive for Industry Program was launched on April 1, 2007 and was originally scheduled to run until March 31, 2011. The program has been extended to March 31, 2012, subject to the availability of funds.
- Effective March 6, 2009, it may be possible to allow more time (up to a maximum of 18 months – originally limited to 12 months) for project implementation. It will be the applicant’s responsibility to provide relevant information to demonstrate to NRCan that completing the project within the usual 12-month timeframe is not reasonable. NOTE: the final decision will be at the discretion of NRCan representatives.
Benefits of a Retrofit Project
Using energy more efficiently helps industry to become more competitive and reduce greenhouse gases (GHGs) and air pollution, thereby contributing to a cleaner environment for all Canadians.
This program will help companies:
- implement retrofit projects that generate annual energy savings and pay for themselves through reduced expenditures on utilities, such as energy, water and waste
- establish a baseline against which to compare future improvements
- help kick-start their energy management strategy
In conjunction with a facility's retrofit improvements, NRCan's energy management workshops and other tools can help companies to identify low- or no-cost energy-saving opportunities, such as improving a facility's operating procedures and educating building users.
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