Policy status:In Force
Date Effective:2014
Policy Type:Economic Instruments>Direct investment>Funds to sub-national governments, Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Economic Instruments>Direct investment>Infrastructure investments, Economic Instruments>Fiscal/financial incentives>Loans
Policy Target:Buildings>Building Type>Non-residential

Implementation Funding is available to large commercial, government and institutional customers to reduce the capital cost of implementing electrical energy efficiency projects. Implementation Funding is designed to allow customers to meet internal hurdle rates, such as payback periods and return on investment.

Through the Power Smart Partner Program, participants receive funding for up to 75% of the incremental cost of lighting, mechanical, HVAC and other energy efficiency projects. Commercial, government and institutional customers are eligible for Implementation Funding under the Power Smart Partner program is available if the project:

  • Saves a minimum of 50,000 kWh/year by implementing a proven energy saving technology, where the project performance is measurable and sustainable;
  • Is hardwired or permanent in nature, and has a simple payback of greater than two years before factoring in the incentive amount.

Last modified: Mon, 01 Feb 2016 11:28:55 CET