The Save On Energy Retrofit program is offering an incentive of up to $860,000 to Ottawa businesses to add Distributed Energy Resources (DERs) to their facilities.
What’s the Ottawa DER Large Solar PV Funding Incentive and Why Is It Being Offered?
Through its regional planning process, The Ontario Government has identified the Ottawa-area grid as electricity-constrained. The province has also determined new solar generation to be the best solution for reducing demand on the grid. And they are willing to pay for it with direct cash incentives to local businesses.
Businesses that install at least 50 kW of solar will qualify to get 50% of their solar project costs covered by this incentive program.
Who Qualifies for the Save ON Solar Incentive?
Any Ottawa business located in one of the postal codes listed below automatically qualifies! The solar must be intended for load displacement only, so the amount of power generated cannot exceed the maximum load of the facility.
The systems must be mounted on a new or existing rooftop or wall and must be “behind-the-meter” – meaning that the system cannot be part of a net metering contract with the local hydro company.
BUSINESS WITH POSTAL CODES BEGINNING WITH THE FOLLOWING ARE ELIGIBLE:
K1V, K1X, K2J, K2K, K2L, K2M, K2S, K2T, K2V, K2W, K4M, K1A, K1B, K1C, K1E, K1G, K1H, K1J, K1K, K1L, K1M, K1N, K1P, K1R, K1S, K1T, K1W, K1Y, K1Z, K2A, K2B, K2C, K2E, K2G, K2H, K2P, K2R, K4A, K4B, K4P
Manage Energy Peaks, Save Money
Act Now!
- Registration for this program is only open from January 2024 to December 2024.
- Ottawa businesses need to act quickly! This is a Limited Time Offer!
Business Case
- Energy Independence & Security
- Protection against every-increasing hydro rates
- Emissions/GHG Reduction
This is a BIG incentive with a BIG impact
- Financing is included
- 30% annual Return On Investment
- 3-4 year payback
- “Stackable” with the 30% Investment Tax Credit AND accelerated CCA
Your Business can Reduce Costs, Greenhouse Gas Emissions, and Constraints On the Electricity Grid.
Timeline
The registration for this program is only open from January 2024 to December 2024. Given expected uptake, later applications will not get approved. Ottawa businesses need to act quickly! Follow these steps to get your funding: