July 20th, 2015
Are you finding that excessive hydro bills are eating into your businesses’ profits? Electricity bills are an unexpected expense for large and small business in Ontario. Between debt retirement charges, rising rates, and on-peak hydro expenses, hydro bills add up in a hurry. So, what can you do to reduce your hydro rates for your business?
The design of the saveOnenergy conservation program helps provide grants to home and business owners in Ontario. It identifies potential savings while managing their electricity usage. Local electric utility facilities in Ontario offer these programs, with funding coming from the Independent Electricity System Operator. There are four primary streams for the saveONenergy business program: find the one that works for your company today!
Auditing your company’s energy use is a sensible way to identify process errors and eventually eliminate them. The Audit Funding stream covers up to 50% of costs associated with performing an energy audit.
If you do not know where your energy is going, you remain unaware of what needs fixing or upgrading. Energy audits using Audit Funding help reduce operating costs while improving performance for both large and small businesses in Ontario.
Energy audits identify equipment that requires replacing, any operations changes, and any opportunities to capitalize on changing electricity usage relating to the time of day. Responding to changes in electricity price and making use of peak period incentives is a great way for any business to save money. Audits survey the building and its electricity use, and upon completion, providing detailed plans for modifications and replacements.
Who knew that energy efficient equipment could not only save you money but also qualify you for a rebate? The Retrofit Program provides up to 50% of eligible costs for the installation of energy efficient equipment.
These installations help commercial organizations like food processors to secure funding to pay back their initial expenditures. Energy efficient solutions help these companies operate more efficiently, improving productivity in some cases, while simultaneously reducing energy bills in the process.
Several pieces of energy efficient equipment are eligible for these rebates. Lighting, heating and cooling systems, and better motors are common upgrades. New controlling systems also help increase a building’s overall efficiency.
There are three streams contained within the Retrofit Program: the Prescriptive Track, the Engineered Track, and the Custom Track. Prescriptive changes are perfect for quick fixes or modifications in a company. Engineered solutions cover higher degrees of complexity that reduce peak demand energy performance. The Custom Track covers more encompassing energy retrofits for innovative and complete solutions.
Process and Systems
Of course, identifying process errors and executing their solutions is a completely different matter. The Process and Systems program simplifies this process by overseeing the introduction of new energy efficient projects from start to finish. It offers up to $50,000 for engineering studies and up to 70% of capital costs for energy efficient upgrades.
Many companies, like food processors, have a complex interplay of hot and cold refrigeration systems that change throughout a processing plant. Running all of these systems at once takes dedicated time and effort. The Prescriptive Track is often not enough for these companies, so they require larger solutions, which is where the Process and Systems program helps.
Small Business Lighting
saveONenergy helps companies of all sizes, but they have one program specifically designed for small businesses in Ontario. Eligible recipients receive the first $1500 in lighting upgrades free. Additional upgrades relating to lighting can also be covered for up to 50% of the project cost.
Lighting inefficiencies represent one of the largest areas that companies target for upgrades. Even small businesses feel the pinch of weighty electricity bills. Limiting electricity consumption by effectively managing monthly electricity costs can go a long way.
saveONenergy has already helped countless large and small businesses in Ontario to secure funding for energy audits, upgrades, and improvements. Why needlessly cut into your profits when you could streamline your processes and get rewarded for doing so? Reach out to us at INAC so that we can help you find the best ways to make saveONenergy save your company time, effort, and energy.