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Financial incentive for retrofits of lighting, compressed air

The Ontario Power Authority (OPA) has made updates to the saveONenergy Retrofit Program that provide additional financial incentives for Ontario businesses to reduce energy used by lighting, heating, ventilation and air conditioning (HVAC)…

The Ontario Power Authority (OPA) has made updates to the saveONenergy Retrofit Program that provide additional financial incentives for Ontario businesses to reduce energy used by lighting, heating, ventilation and air conditioning (HVAC) systems, refrigeration systems and building plug loads.

Retrofitting outdated equipment provides cost savings and improves the efficiency of operational procedures and processes. Eligible companies can receive financial incentives worth up to 50% of project costs towards modernizing current systems with high-efficiency equipment.

“These financial incentives strengthen the business case for companies to upgrade or replace equipment with more energy efficient options. We expanded the program to help move energy efficiency projects higher on the list of priorities for Ontario businesses,” says Andrew Pride, OPA vice-president of conservation.

The saveONenergy programs for business were developed collaboratively by Ontario’s local electric utility companies and the OPA to provide businesses with substantial financial incentives to encourage the replacement of existing equipment with energy-efficient equipment and new control systems.

Key updates and new incentives released under the retrofit program include: incentives for certain LED lighting products; incentives for variable frequency drive and variable displacement air compressors; engineered worksheets for compressed air systems; and incentives for HVAC system upgrades.

For additional information including terms and conditions on the saveONenergy Retrofit Program or specific incentives, visit www.saveonenergy.ca/businessor contact your local electric utility.