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Electricity Retrofit Incentive Program
What is it?The Electricity Retrofit Incentive Program (ERIP) is an incentive program designed to encourage Ontario companies to adopt energy-efficient technologies and increase energy efficiency. There are two incentive options for projects: Prescriptive and Custom Prescriptive track Customers can apply for rebates for predefined technologies on a per-unit basis after buying and installing eligible equipment, or you can request pre-approval before purchase and installation. Custom projects Financial incentives are available for retrofits of other than the prescribed technologies, provided that they measurably reduce the electrical peak demand. Custom projects must be pre-approved. All technology, equipment and systems used in Custom projects are evaluated on the basis of their power and energy performance improvement. Custom projects are eligible for an incentive of $250 per kW of demand reduction. What is the benefit to your company?Hydro One will reimburse you for a portion of the cost to purchase energy-efficient technology, up to a maximum of $500,000. In addition, you will:
Who Qualifies?Commercial, industrial, agricultural and institutional customers within the Hydro One Networks service area could qualify. And your account with Hydro One must be in good standing. Check the full details at www.PowerSaver.ca. What Qualifies?The following upgrades qualify for cash rebates.Lighting
Motors
Cooling Equipment
Transformers
Agriculture Equipment
Space Cooling and Food Service TechnologiesCustom Projects
How do I apply?Application forms are available for downloading at www.PowerSaver.ca You can e-mail your completed application to ERIP@HydroOne.com or send it by mail or courier to Hydro One Networks Conservation and Demand Management Program Office 483 Bay Street, 14th Floor Toronto, ON M5G 2P5 Hydro One Networks recommends that customers apply for incentives based on the following deadlines, as funding is limited and the program may not be offered beyond 2009:
Where can I find more information?Check out the full details on eligibility and qualifying products by referring to the terms and conditions found at www.PowerSaver.ca. On that site, you'll also find step-by-step instructions and all the documents you will need for both the Prescriptive and Custom tracks. E-mail ERIP@HydroOne.com. For more information: Local: (519) 826-3486 E-mail: foodinvest@ontario.ca |
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