Project Incentive Funds

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Efficiency projects just make sense – for your productivity, your environmental performance and your bottom line.

Project Incentive Funds can help you to pay for efficiency improvements, maximizing your savings and shortening your project payback period to as little as one year.

Virtually any of your electricity systems, from lighting to pumps, fans and blowers, compressed air, or refrigeration, are eligible for funding. Depending on the scope of your project, you could benefit from incentives up to $500,000.

Is this offer for you?

We encourage any industrial organization that meets these simple eligibility criteria to apply:

• You are served by BC Hydro at distribution voltage (i.e. less than 69 kV) on billing rate 1200, 1201, 1210 or 1211 and currently spend more than $50,000 per year on electricity.
• Your improvement project is projected to save a minimum of 50,000 kWh annually (bundling of smaller projects in a single application is welcome). If you need help identifying and investigating potential projects in your facilities, we also offer full or partial funding for a number of site and system assessments.
• Your efficiency project is permanent in nature (hard-wired) and the project payback without our funding is greater than one year.

How it works

While some of the math behind our incentive funds can get complicated, the process is really quite simple. First, you submit an application and proposal, which should include a description of the project, the projected electricity savings (+/- 10%), the cost of the project, and the current baseline consumption. If you’ve already conducted one of our Energy Efficiency Feasibility Studies, your study report can easily serve as your proposal. (As a bonus, you will be eligible to have your study fully funded by BC Hydro, upon project completion.)

Once your application is submitted, we’ll review it and provide you with an incentive agreement on approval within one to three weeks, depending on how involved the project is. The only thing left to do is to sign the agreement and begin your project.

When your efficiency improvements are completed, submit a set of completion documents and we’ll send a representative to your site to review the improvements. Once they have confirmed that your project is completed, we will finalize the calculation of your incentive and issue your payment.

It pays to take action

Here are a few of the rewards you will realize after making energy efficiency improvements:

• Lower operational and maintenance costs
• Modernized, high-performance equipment
• Radically reduced waste
• Major environmental benefits