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Federal Government rolls out new Climate Action Incentive Fund
September 5, 2019 By AKR Consulting
Sept. 5, 2019 – The Climate Action Incentive Fund (CAIF) is to available to businesses in Manitoba, New Brunswick, Ontario and Saskatchewan. It provides support to small and medium-sized enterprises with between 1 and 499 employees for retrofit projects.
Eligible rebate amount
- Up to 25% of project’s total eligible costs
- No less than $20,000 CAD and no more than $250,000 CAD per project and per recipient
- A $250,000 CAD funding cap will apply to the group of applicant franchisees who operate under the same franchise trade name in each eligible province.
Eligible project categories and sample projects:
(A) Agricultural retrofits
- Changes to agricultural processes to improve energy efficiency
- Fuel switching to lower emitting energy sources in agricultural operations
(B) Building retrofits
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- Enhancements to building envelope (with direct energy savings), including energy efficient windows/doors/skylights, increased insulation, weatherproofing, and glazing
- Energy efficient lighting system
- Heating, ventilation, and air conditioning (HVAC) equipment/systems/controls
- Water heating retrofits, including high efficiency condensing water heating
- High-efficiency motors and controls and Energy management controls, including building automation systems
- Fuel switching to lower emitting energy sources in existing buildings
(C) Industrial process improvements
- Retrofitting and upgrading of existing equipment used for industrial processes
- Fuel switching to lower emitting energy sources
- Process changes and waste-heat recovery
(D) Transportation retrofits
- Heavy-duty vehicle retrofits, including energy efficiency and/or fuel switching to lower emitting sources
Application Deadline: 90 days starting July 17, 2019, or until funding exhausted.
For more information
https://www.canada.ca/en/environment-climate-change/climate-action-incentive-fund
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