Electricity Retrofit Incentive Program (ERIP)Your building may qualify for up to 50% of your project's capital costs under the Electricity Retrofit Incentive Program (ERIP). Other buildings have already been awarded anywhere from $2,000 to $600,000 in financial incentives.
EligibilityYour building must be a current customer of a participating Local Distribution Company (LDC)
AND plan to undertake the upgrades in the area serviced by that LDC.
- Office Buildings
- Retail Stores
- Mixed Use Buildings
- Industrial Buildings
- Private Institutions
- Private Nursing Homes
Examples of Eligible MeasuresBuilding Automation Systems, Lighting Retrofits, Lighting Controls, Building Envelope, HVAC Redesign, Chiller Replacement, Elevator Modernization, Equipment Replacement, Fuel Substitution, Ground Source Heat Pumps, Tenant Sub-Metering, Deep Lake Water Cooling, Variable Speed Drives, Power Conditioning, Transformer Replacement.
|Total Project Cost:||$36,341|
|Incentive Rate (%):||25% of total project cost|
|Peak Demand Reduction (kW)||37|
|Annual Electricity Cost Savings:||$7,546|
|Simple Payback (Yrs):||4.8|
|Simple Payback (With Incentive) (Yrs):||3.6|
Grasshopper Energy manages various financial incentive programs for your commercial energy efficiency upgrades project. And here's the best part: it doesn't cost a dime. Our charge is a small percentage of the financial incentive you receive.