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Toronto Hydro BIP | BOMA Toronto CDM | ERIP Program | ecoENERGY Commercial | Benefits of Upgrading Your Building

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.

Eligibility

Your 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.

Eligible Buildings

  • Office Buildings
  • Hotels
  • Retail Stores
  • Mixed Use Buildings
  • Industrial Buildings
  • Warehouses
  • Private Institutions
  • Private Nursing Homes

Examples of Eligible Measures

Building 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
ERIP Incentive: -$9,220
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
ERIP PROGRAM ENDS DECEMBER 31, 2012

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.

Next Step:

Contact us before you begin to qualify: 1.866.908.3150
 
See our brochure on
Electricity Retrofit Incentive Program (ERIP)

ERIP ENDS DECEMBER 31, 2012