NRCan will provide cost-shared financial assistance to industrial companies of up to 50 percent of eligible costs to a maximum of $40,000 for
- energy management systems projects, including CAN/CSA-ISO 50001 Energy Management Systems Standard implementations – note that facilities located in British Columbia may be eligible for additional cost-shared financial assistance from the British Columbia Ministry of Energy and Mines.
- process integration and computational fluid dynamics studies
When the financial assistance is combined with other sources of funding, NRCan may adjust its level of funding so that the combined level of financial assistance from all public sources (including provincial-territorial-municipal governments and Crown-owned utilities) does not exceed 75 percent of total eligible project costs.
Energy performance contracting
You can finance large energy-efficiency projects in innovative and creative ways without paying cash up front.
Commonly referred to as energy performance contracting (EPC), energy services contracting or guaranteed energy savings, these financing approaches all mean the same thing: once an energy efficiency project is completed, the resulting savings pay for it over time.
A detailed process
Although the concept is simple, an EPC contract normally involves a lot of detail, which means that it can take some time to put in place.
Here are some free publications from Natural Resources Canada (NRCan) about EPC that explain the process and the issues involved:
- Income Tax Issues Related to Energy Performance Contracting – An understanding of Tax Rules Could Help With Your Energy Efficiency Initiatives (Order) – This document deals with tax issues that could affect businesses that enter into an EPC. It reviews the implications for EPCs on federal and provincial income tax, taxes on capital and sales taxes.
- Energy Performance Financing Drives Project at Ford Canada: Innovative Case Study (PDF, 280 KB) - HTML version
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