How much funding can be received?

Funds up to 75% of admissible expenses, capped at $50000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the takeCHARGE Business Efficiency Program?

takeCHARGE Business Efficiency Program is funded by Hydro / Newfoundland Power

What are takeCHARGE Business Efficiency Program's eligibility criterias?

The applicant must be a commercial customer with Newfoundland and Labrador Hydro in isolated systems. The business must undergo an energy assessment conducted by a takeCHARGE energy expert.

takeCHARGE Business Efficiency Program

Last Update: January 24, 2025

NL, Canada

Money for energy efficiency improvements in Newfoundland and Labrador

takeCHARGE Business Efficiency Program at a glance

Eligible Funding

Max. $50,000
Up to 75% of project cost

Timeline

Continuous Intakes

Financing Type

Grant and Funding

Eligible Industries

All industries

Grant Providers

Hydro / Newfoundland Power

Status

Open

Overview of the takeCHARGE Business Efficiency Program program

Get up to $50,000 to make your organization more energy efficient.

Financing terms and conditions

This grant provides financial support to businesses investing in energy-efficient projects, helping to offset costs and encourage sustainable practices. The financing options are designed to maximize financial and energy savings for participants.

A rebate of $0.10 per kWh on the first year of energy savings, up to a maximum of $50,000.
Potential for additional incentives based on demand savings.
Up to 50% funding for energy audits, capped at $3,000, requiring pre-approval.
Feasibility study funding covering 75% of eligible costs, up to $5,000, with a minimum 25% stake from the customer.

Eligible projects & activities

The takeCHARGE Business Efficiency Program offers financial support for implementing energy-saving projects and upgrades in various business settings. Eligible activities include enhancements to lighting, heating, cooling, and operational systems that lead to reduced energy consumption and costs.

Upgrading lighting systems to energy-efficient LED technology.
Improving heating and cooling systems for increased efficiency.
Implementing energy-efficient refrigeration solutions.
Installing passive heat recovery systems and air to water heat pumps in office buildings.
Using variable speed pumps for efficient cleaning operations in fish plants.
Incorporating remote energy management control systems for optimized energy use.
Completing feasibility studies and energy audits to identify potential energy-saving measures.

Examples of admissible projects:

$ 40,000

Installing LED lighting and energy-efficient equipment at EcoMarket Enterprises

$ 40,000

Refrigeration upgrades at FreshMart Grocery

$ 25,000

LED lighting upgrades at BrightFuture Education Center

$ 30,000

Passive heat recovery installation at GreenTech Industries

$ 30,000

Energy-efficient equipment installation at MapleHealth Clinic

$ 25,000

Upgrading the heating and cooling system at GreenThumb Cooperative

Eligibility criteria of the takeCHARGE Business Efficiency Program program

Eligibility for this grant is determined by specific requirements related to the applicant's energy efficiency projects and engagement with takeCHARGE.

The project must result in energy savings, with a rebate of $0.10/kWh of first-year energy savings available.
The maximum rebate is $50,000, contingent upon meeting energy savings criteria.
Demand savings may also qualify for the rebate.
An energy assessment must be conducted by a takeCHARGE energy expert at the commercial facility.
Projects requiring further evaluation may necessitate an energy audit or feasibility study, with potential takeCHARGE funding available for these assessments.
The energy audit must be performed by a qualified professional energy auditor.
For complex or large-scale projects, a pre-approved feasibility study may be required.
The project must remain in service and deliver energy savings for a minimum of five years.

Who is eligible?

This grant is available to businesses of various types and sizes, including office buildings, warehouses, fish plants, and retail stores, who are looking to implement energy-efficient solutions and reduce energy consumption as part of their operations.

Businesses of any size and sector that are interested in energy-efficient improvements.
Commercial entities such as office buildings, warehouses, fish processing plants, retail stores, and more.
Companies seeking to upgrade their infrastructure to energy-efficient lighting, heating, cooling, or refrigeration systems.
Organizations interested in passive heat recovery systems or variable speed pumps for energy efficiency.
Businesses willing to invest in energy efficiency with the potential to receive rebates for their first-year energy savings.

Eligible expenses

The Business Efficiency Program offers financial incentives for businesses to implement energy-saving upgrades. Eligible activities include various energy-efficient upgrades across different types of industries.

LED lighting upgrades for improved energy efficiency.
Installation of variable speed pumps for optimized energy usage in industrial cleaning processes.
Retrofitting buildings with energy-efficient heating and cooling systems.
Integration of passive heat recovery and air to water heat pumps in office buildings.
Use of remote energy management control systems to reduce energy consumption.

Eligible geographic areas

This grant is available to businesses located in specific areas within Newfoundland and Labrador. These areas are specifically targeted to support commercial customers in isolated systems.

St. John's, Newfoundland and Labrador
Bay Roberts, Newfoundland and Labrador
L'Anse au Loup, Newfoundland and Labrador
Grand Falls-Windsor, Newfoundland and Labrador

Eligibility criteria of the takeCHARGE Business Efficiency Program program

There are evaluation and selection criteria for this grant.

Project must meet eligibility requirements
Energy savings must be quantifiable and verifiable
Projects should contribute to significant energy efficiency improvements
Applicants must undergo an energy assessment and project proposal process
Projects must stay in service for a minimum of five years

How to apply to the takeCHARGE Business Efficiency Program program

Energy Assessment

Have a takeCHARGE energy expert conduct an energy assessment at your facility.
Receive a prioritized list of recommended projects to reduce energy use.
If needed, consider further evaluation through an energy audit, potentially funded by takeCHARGE.

Project Proposal

Fill out a project proposal form provided by your takeCHARGE contact.
Return the completed proposal form to takeCHARGE.

Project Development Agreement

Receive a project development agreement if your proposal is approved.
Review the agreement, which outlines project deliverables, expected savings, incentives, and obligations.
Sign and return the agreement to begin your energy efficiency upgrade.

Project Close-Out, Measurement and Verification (M&V)

Implement the project and proceed with measurement and verification of energy savings.
Quantify energy savings and determine the final incentive amount.
Ensure all conditions of the project development agreement are met, including maintaining energy savings for five years.

Additional information

Here are additional relevant details for this grant:

takeCHARGE may fund 50% of the cost of an energy audit, up to a maximum of $3,000.
For feasibility studies, approved applications may receive 75% of the eligible costs, up to a maximum of $5,000.
Projects must provide a minimum of 85% of the estimated energy savings to avoid incentive reductions.
The project must remain operational and deliver energy savings for a minimum of five years after completion.