Energy saving initiatives sound like a great idea in theory—you can save money, do your part for the environment, and even increase the productivity of your employees. But when you start to look into the specifics, you’ll quickly realize that many energy audit companies’ services like upgrades, new installations, and audits can cost a pretty penny. Energy saving for commercial properties is an investment with a guaranteed return, but what do you do when you don’t have the money to cover the upfront costs? Fortunately, there are a number of government grants available for small and large-scale businesses in Ontario that help business owners afford the investment. To find out more about these grants and the initiatives they support, keep on reading.
One of the first steps you’ll need to take before you’re able to actually implement green initiatives in your building is an energy audit. This will give you a detailed report on all the operations in your building, and highlight areas that need improvement and where you should focus your conservation efforts. Since you’ll have to hire an outside firm to do this, it can get a little pricey. Audit funding incentives intend to cover up to 50% of the costs for your energy audit, and they are offered to commercial and institutional buildings. These saveONenergy programs are offered through local electric utilities and funded through the Independent Electricity System Operator.
The Ontario government’s Retrofit Program offers financial aid to smaller businesses around the province to help fund the replacement of outdated, high-energy-consumption equipment. Appliances that may be eligible for this grant include motors and heating and air conditioning units.
Small Business Lighting
The Small Business Lighting Program in Ontario will reimburse you up to $1,500 for the costs of replacing old, inefficient lighting with newer, more eco-friendly technologies. The process of installation is made even easier through this program since the assessment, installation, and disposal of old equipment will be handled by a licensed electrician hired through the Ontario Power Authority.
Energy management initiatives offer small businesses free resources to help them manage their energy consumption habits. This includes developing energy management plans, identifying energy-efficiency opportunities, and completing applications for other government grants.
These government grants make it easier to reach the goal of complete energy efficiency—and they keep giving back as your monthly energy bills will become lower. As one of the leading companies specializing in commercial energy audit in Mississauga, PL Energy Services has been helping commercial businesses in the GTA implement green initiatives like building automation systems and more. We can work with you to ensure you take advantage of all eligible government grants for your project and to make your energy savings goals a reality. Contact us today to learn more about how we can help you make your commercial property green.