Commercial Buildings Retrofit Program
Highlights
This program is designed specifically for businesses like yours to help reduce energy costs and improve efficiency. By participating, you can receive up to $1.25 million for energy-saving upgrades. This includes up to $8,000 towards an energy audit to identify the best opportunities for your building.
Key Benefits:
- Double the incentive for electricity-saving projects, now at $60/GJ.
- Increased cap on electricity incentives to $250,000 per fiscal year.
- Up to 100% reimbursement for energy audits or feasibility studies when you complete recommended upgrades.
By applying, you can significantly lower your energy costs, improve temperature control, and enhance overall efficiency. The process is straightforward, and our team is here to assist you every step of the way. Sign up for a FREE energy walk-through to get started and see how you can benefit from these substantial incentives.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- No repayment required.
- No interest rates apply.
Eligible Expenses:
- Energy audits
- Feasibility studies
- Energy-saving upgrade projects
Use of Funds:
- Funds can be used towards the costs of energy audits and feasibility studies.
- Up to $1.25 million can be used for the implementation of energy efficiency upgrades.
Restrictions:
- Funds cannot be used for non-energy related expenses.
- Funds cannot be used for any projects not specified in the approved Statement of Work.
Fees:
- No fees associated with the program.
Qualifications
- Must be the owner or operator of a commercial building.
- Must be located in New Brunswick.
- Must be willing to conduct an energy audit or feasibility study.
Must use an approved Energy Management Service Provider (EMSP) listed on the program's website.
Disqualifications:
- Businesses not located in New Brunswick.
- Businesses that do not own or operate a commercial building.
- Businesses unwilling to conduct an energy audit or feasibility study.
- Businesses that do not use an approved EMSP.
Description
This program offers your business up to $1.25 million to help with energy-saving upgrades. You can use this money for projects that reduce energy costs, like improving insulation, upgrading heating and cooling systems, or installing energy-efficient lighting.
Key benefits include:
- Up to $8,000 for an energy audit to identify potential upgrades.
- Up to 100% reimbursement for the cost of an energy audit or feasibility study if you complete one or more recommended upgrades.
- Increased incentives for electricity-saving projects, now up to $60/GJ, with a cap of $250,000 per fiscal year.
By participating, you can significantly lower your energy bills and improve your building's efficiency. This not only saves money but also enhances the comfort and sustainability of your business premises.
Program Steps
Schedule Your Energy Audit or Feasibility Study:
Contact an approved Energy Management Service Provider (EMSP) listed on the program's website. The EMSP will perform the audit or study, discuss potential projects with you, prepare a report, and submit an application on your behalf to NB Power.Receive Your Welcome Kit:
After NB Power reviews your application, you will receive a welcome kit via email. This kit includes:- Program Agreement
- Statement of Work form with instructions
- Request for Payment form with instructions
- Direct Deposit Enrolment Form
Submit Program Agreement:
Sign and return the Program Agreement included in the welcome kit to NB Power.Submit Your Statement of Work:
Once you receive the audit report, complete the Statement of Work form and submit it to NB Power.Receive Approval to Start Projects:
NB Power will review your completed Statement of Work and notify you when the projects have been approved. Once you receive the approval letter, you can begin implementing the recommended upgrades.Complete the Upgrades:
Proceed with the energy efficiency upgrades as outlined in the approved Statement of Work.Submit Request for Payment:
After completing the upgrades, submit the Request for Payment form along with copies of invoices, receipts, and other relevant documentation to NB Power.Site Visit:
A member of NB Power's staff may perform a site visit to confirm the installation of the energy efficiency measures.Receive Incentive Payment:
Once NB Power approves your Request for Payment, the incentive for your energy-efficient upgrades will be issued within 60 days.
