BC Hydro Project Implementation Funding

Implementation Funding is available to large commercial, government and institutional customers to reduce the capital cost of implementing electrical energy efficiency projects.

Implementation Funding is designed to allow customers to meet internal hurdle rates, such as payback periods and return on investment. Through the Power Smart Partner Program, you could receive funding for up to 60% of the incremental cost of lighting, mechanical, HVAC and other energy efficiency projects. The funding level is also based on a tiered approach, meaning projects that were previously too costly may now be eligible for richer incentives.



Sponsoring agency: BC Hydro
Type of agency: Utility company

Eligibility

Commercial, government and institutional customers are eligible for Implementation Funding under the Power Smart Partner program if the project
  • saves a minimum of 100,000 kWh/year (or 50,000 kWh for mechanical or HVAC only projects) by implementing a proven energy saving technology, where the project performance is measurable and sustainable. You can bundle projects from different sites with different end-uses in order to qualify for funding.
  • Is hardwired or permanent in nature, and has a simple payback of greater than two years before factoring in the incentive amount.

Application procedure

  1. Submit an Implementation Funding application and proposal.
    A BC Hydro Energy Study is acceptable as a proposal, and is eligible to be fully funded by BC Hydro upon project completion.
  2. BC Hydro will review the application and issue an Incentive Agreement upon approval.
  3. You sign the agreement and implement the project.
  4. Once the project has been implemented, submit the required completion documents.
  5. Upon project approval, you will be issued the incentive payment.

Please note that any component of the project cannot be initiated without an Incentive Agreement in place with BC Hydro. If the project has started prior to an Incentive Agreement, it will not be eligible for any incentives from BC Hydro.

To find out more about Implementation Funding, contact your BC Hydro Key Account Manager, call 1 866 522 4713 or visit www.bchydro.com/business.





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