Yes! Many Canadians have considered upgrading or renovating their business property to reap the benefits of newer, more energy efficient, fixtures and equipment but found that the investment costs are a difficult obstacle to overcome. The retrofit program has incentives designed to tackle these cost barriers, making it possible for you to install and benefit from more energy-efficient technologies.
The retrofit program provides financial incentives for replacing inefficient existing equipment with high efficiency equipment and for installing new control systems that will improve the efficiency of your operational processes. Getting your project underway without delay is our priority. We’ll work with you through a quick approval process so your project can move ahead as soon as possible.
You may earn:
Lighting projects
The greater of either: $400/kW of demand savings or $0.05/kWh of first year electricity savings to a maximum of 50% of project costs.
Non-lighting projects, including lighting controls
The greater of either $800/kW of demand savings or $0.10/kWh of first year electricity savings to a maximum of 50% of project costs. There are incentives for:
- Lighting controls
- Unitary air conditioning
- Synch belt
- Variable frequency drives
- Agribusiness
- Alternative energy measures
- Motors
- Pumps
- Fans
- Refrigeration, and more
The retrofit program can pay thousands of dollars for your project and as registered representatives for Toronto Hydro we can help local business free of charge! Our team will handle all of the paperwork and documentation and you or your business will receive a tremendous value. For more information or a free consultation, call 416-746-9044!