The Strategic Energy Management for Industry (SEMI) program is an excellent opportunity for your business to enhance its energy performance while saving money. You can benefit from up to 50% coverage on eligible project costs, which means you can implement energy-efficient improvements without significant financial strain. For not-for-profit and Indigenous organizations, this funding increases to 100% coverage, allowing for even more impactful upgrades at no cost.

Participating in this program gives you access to various energy management activities. You can conduct energy assessments, invest in energy-efficient upgrades, or engage in specialized training. Not only will these actions help you lower energy costs, but they also position your business as a leader in sustainability. Plus, with no payback period, you can improve your operations without the burden of future repayments.

Overall, this program is designed to make energy efficiency accessible to your business, regardless of revenue or employee count. It’s a smart move to give your business a competitive edge while contributing to a more sustainable future.

This program offers financial incentives, which are essentially grants designed to cover project costs.

• For for-profit organizations, funding can cover up to 50% of eligible project costs.
• For not-for-profits and Indigenous organizations, the coverage goes up to 100%.

Repayment Terms and Interest Rates

There are no repayment terms or interest rates associated with this funding since it is a grant. This means you won’t have to pay the money back, freeing up resources for your business.

Eligible and Ineligible Expenses

Eligible expenses include costs for energy assessments, energy management systems, training, and investing in energy-efficient capital retrofits.

However, funds cannot be used for ongoing operational costs or expenses not directly related to the project activities defined in the program.

Fees

There are no fees associated with applying for or receiving this funding. It's straightforward – you apply, and if you're approved, you receive the financial support without any hidden costs.

• Location: Business must be located in Alberta.
• Sectors: Open to all sectors.
• Legal Structure: All legal structures are applicable.
• Profit Structure: Both for-profit and not-for-profit organizations are eligible.
• Employee Requirements:
  • No minimum number of employees required.
  • No maximum number of employees required.
• Revenue Requirements:
  • No minimum revenue qualifications.
  • No maximum revenue qualifications.

Disqualifications:

• None specified in the provided context.

The program is designed to help your business improve its energy efficiency while saving money. You can receive up to 50% coverage on eligible project costs. If your organization is a not-for-profit or Indigenous group, that jumps to 100% coverage. This means less financial stress while implementing solutions that can enhance energy performance.

You can use the funding for several energy management activities. These include conducting energy assessments, investing in energy-efficient upgrades, or even taking part in specialized training. Not only does this help your business save on energy costs, but it also contributes to a more sustainable operation.

With no limits on revenue or employee count, this program is accessible to various businesses in Alberta. There’s no payback period, so you can use these funds to improve your operations without worrying about future repayments. It's a great chance to elevate your business’s energy efficiency while keeping finances manageable.