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Federal Government rolls out new Climate Action Incentive Fund
September 5, 2019
By AKR Consulting
By AKR Consulting
September 5, 2019
By AKR Consulting
By AKR Consulting
Topics
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
- 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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