The Save On Energy Retrofit program offers businesses an incentive of up to $860,000 to add Solar Photovoltaic Distributed Energy Resources to their facilities.
What is the Save on Energy Retrofit Funding Incentive, and Why Is It Being Offered?
Incentives under the “Prescriptive Stream” are available for small and large commercial, industrial and institutional entities who want to displace their load, reduce their demand on the grid and save money with solar!
How Much Money Can My Business Get?
Solar projects with less than 10 kW of direct current (DC) are eligible to receive $1000/kW-DC, and small-medium generation projects with more than 10 kW and up to 1 MW of alternating current (AC) are eligible to receive $860/kW-AC to a maximum of $860,000.
What’s the payback period?
Otter Energy has current Save on Energy customers with payback periods less than 3 years.
Who is Eligible?
Retrofit incentives are available to owners or lessees* of:
- commercial spaces or buildings, such as offices, retail and grocery stores, restaurants, hotels and warehouses
- industrial facilities in sectors such as food and beverage, automotive, plastics, steel, mining, paper and chemical industries, among others
- institutional buildings, including hospitals, universities, municipal facilities
- multi-family buildings, such as apartments (including social housing) or condominiums
- agricultural facilities, such as dairy, swine and poultry farms, greenhouses and nurseries, among others.
*If you lease, you must have the owner’s consent or authorization to participate.
Who is Eligible?
Retrofit incentives are available to owners or lessees* of:
Commercial spaces or buildings, such as offices, retail and grocery stores, restaurants, hotels and warehouses
Industrial facilities in sectors such as food and beverage, automotive, plastics, steel, mining, paper and chemical industries, among others
Institutional buildings, including hospitals, universities, municipal facilities
Multi-family buildings, such as apartments (including social housing) or condominiums
Agricultural facilities, such as dairy, swine and poultry farms, greenhouses and nurseries, among others
Who is Eligible?
Retrofit incentives are available to owners or lessees* of:
Commercial spaces or buildings, such as offices, retail and grocery stores, restaurants, hotels and warehouses
Industrial facilities in sectors such as food and beverage, automotive, plastics, steel, mining, paper and chemical industries, among others
Institutional buildings, including hospitals, universities, municipal facilities
Multi-family buildings, such as apartments (including social housing) or condominiums
Agricultural facilities, such as dairy, swine and poultry farms, greenhouses and nurseries, among others
