Toronto Hydro Business Incentive ProgramYour building may qualify for up to 50% of your project's capital costs under Toronto Hydro's Business Incentive Program (BIP). Other buildings have already been awarded anywhere from $1,350 to $60,000 in financial incentives.
EligibilityYour building must be approximately 25,000 sq. ft. or smaller
AND an existing building that is privately held or leased
AND located in the 416 area code or postal code starting with "M" – within the GTA (Greater Toronto Area)
- Office Buildings
- Retail Stores
- Mixed use
- Grocery Stores
- Convenience Stores
- Commercial Areas
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.
Sample Case Study
|Total Project Cost:||$7,274|
|Incentive Rate (%):||36% of total project cost|
|Peak Demand Reduction (kW):||8.9|
|Annual Electricity Cost Savings:||$2,955|
|Simple Payback (Yrs):||2.5|
|Simple Payback (With BIP Incentive) (Yrs):||1.6|
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.