Business energy rebates

Up to $225,000
Type
TAX CREDITS
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is designed for businesses like yours to save on heating costs while improving energy efficiency. You can receive rebates ranging from $200 to $4,000 per unit for installing high-efficiency heating solutions such as air source heat pumps, ground/water source heat pumps, and electric thermal storage units. These systems can cut your heating costs by up to 65%, reduce emissions, and provide reliable, comfortable heat.

Why apply? The rebates make it more affordable to upgrade your heating system, leading to significant long-term savings. For example, air source heat pumps use up to 50% less energy than electric furnaces, and ground-source heat pumps can reduce water heating costs by 25% or more. The application process is straightforward, and the program is designed to be accessible, ensuring you can easily qualify and benefit from these savings.

What's in it for you? By participating, you not only lower your operational costs but also contribute to a greener environment. The program offers a quick return on investment, with payback periods as short as 12 to 24 months for some technologies. Plus, the improved energy efficiency can enhance the comfort and satisfaction of your staff and customers.

Financing Details

Type of Financing: Grant

Eligible Expenses:

  • Energy-efficient heating systems (e.g., high-efficiency air source heat pumps, ground/water source heat pumps)
  • HVAC hotel occupancy sensors
  • Integrated dual enthalpy economizer controls
  • Advanced rooftop controls
  • Electric thermal storage units

Use of Funds:

  • The funds can be used to purchase and install energy-efficient heating and cooling systems.
  • Funds can also be used for sensors and controls that optimize energy use.

Restrictions:

  • Funds cannot be used for non-energy-related expenses.
  • The grant does not cover routine maintenance or repair costs.

Fees:

  • There are no fees associated with this grant program.

Qualifications

  • Must be a business operating in Nova Scotia.
  • Must be a business within the following sectors:

    • Affordable Housing
    • Agriculture
    • Commercial Buildings
    • Hospitality
    • Institutions
    • Manufacturing
    • Non-Profit Organizations
    • Retail
    • Small Business
  • Disqualifications:

    • None specified in the provided context.

Description

This program offers your business a great opportunity to save on heating costs. You can receive rebates ranging from $200 to $4,000 per unit, depending on the type of heating solution you choose. These rebates can help you afford energy-efficient heating systems, which can significantly reduce your monthly energy bills.

High-efficiency air source heat pumps can cut your heating costs by up to 50%. They are easy to install and work with your existing furnace ductwork. Ground-source heat pumps can save you up to 65% on heating and cooling costs, and they also reduce water heating costs by 25% or more.

HVAC hotel occupancy sensors can lower energy costs by up to 30% by adjusting room temperatures when they are unoccupied. These sensors have a payback period of just 12 to 24 months. Electric thermal storage units provide reliable heat and can be combined with heat pumps for extra savings. They also come with rebates to help cover the costs.

This program not only helps you save money but also supports environmental sustainability by reducing energy consumption and lowering emissions. It’s a smart investment for your business’s future.

Program Steps

  1. Gather Required Documentation:

    • Business registration details
    • Financial statements (last 2 years)
    • Tax returns (last 2 years)
    • Business plan
    • Quotes for equipment or project costs
  2. Complete the Application Form:

    • Fill out all sections accurately
    • Ensure all required fields are completed
  3. Consult with a Preferred Partner:

    • Find a qualified local professional
    • Discuss your project and application details
  4. Submit the Application:

    • Attach all required documentation
    • Submit through the designated portal or email
  5. Follow Up:

    • Check the status of your application
    • Provide any additional information if requested
  6. Receive Approval and Funds:

    • Review the approval terms
    • Accept the terms and receive the funds
  7. Implement the Project:

    • Use the funds as outlined in your application
    • Keep records of all expenditures
  8. Report and Review:

    • Submit progress reports if required
    • Review the impact on your business

Following these steps will help ensure a smooth application process and maximize the benefits for your business.

Visit Program Website