Government Incentives for Green Upgrades

Great News for Green Upgrades

Great news for those interested in energy conservation and protecting the environment! Grants, rebates and financial assistance are available for:

– Renewable Power Sources
– Renewable Heat Sources
– Retrofit Projects for residential, commencial and industrial buildings
– and other projects

If you have been thinking of installing a wind turbine or a solar photovoltaic system, then you will be glad to learn about ecoENERGY for Renewable Power . With this program the renewable power can become readily affordable. (The following information about the program was provided by Government of Canada, www.ecoaction.gc.ca)

ecoENERGY for Renewable Power

ecoENERGY for Renewable Power will invest $1.48 billion to increase Canada’s supply of clean electricity from renewable sources such as wind, biomass, low-impact hydro, geothermal, solar photovoltaic and ocean energy. It will encourage the production of 14.3 terrawatt hours of new electricity from renewable energy sources, enough electricity to power about one million homes.

Who is eligible?

Businesses, municipalities, institutions and organizations are eligible.

Are there financial incentives?

ecoENERGY for Renewable Power will provide an incentive of one cent per kilowatt-hour for up to 10 years to eligible low-impact, renewable electricity projects constructed over the next four years, April 1, 2007 to March 31, 2011.

Are there terms and conditions for eligibility?

NRCan amended the terms and conditions of the ecoENERGY for Renewable Power program in August 2008.

2. Terms and Conditions of the ecoENERGY RP

2.1 Basic Eligibility Criteria

Payment of an incentive will be made only to eligible recipients who have signed a contribution agreement with Natural Resources Canada.

Natural Resources Canada will consider signing contribution agreements with prospective recipients for projects that meet the terms and conditions contained in this document.

2.2 Eligible Recipients

An Eligible Recipient is a business, institution or organization (e.g. an independent power producer, a provincial Crown corporation, an electrical utility or energy co-operative) that owns a qualifying project to produce electricity for sale in Canada, for use by its co-op members or for its own consumption, as defined below.

2.3 Qualifying Projects

A Qualifying Project is defined as a new or refurbished low-impact renewable-generating facility, or the clearly delineated expansion of an existing low-impact renewable-generating facility that is located in Canada and meets the terms and conditions of the ecoENERGY RP in this document.

The full capacity of a project may qualify under the program if it is a refurbishment of an existing facility that had been decommissioned before April 1, 2007 or if the existing facility has passed its normal operating service life. For the purpose of the program, the normal operating service will be deemed to be the following:

• For wind projects – 20 years.
• For hydro project – 50 years.
• For biomass projects – 30 years.
• All other technologies will be evaluated on a case-by-case basis.

The incremental capacity of a facility may qualify as a project if its capacity expansion can be clearly delineated and if the production from the incremental portion of the facility can be clearly identified (i.e. an increase in production not associated with an increase in rated capacity will not be eligible).
All components of a new facility or all components added to an existing facility, whether they are refurbished or incremental, must be new generating equipment.

Read more

Learn More on EcoActin website:
http://www.ecoaction.gc.ca/ecoenergy-ecoenergie/power-electricite/index-eng.cfm