takeCHARGE: Business Efficiency Program
Our Business Efficiency Program Custom Program helps commercial customers unlock significant financial incentives by reducing energy consumption through tailored projects.
The Business Efficiency Program is designed to support a wide range of energy-saving initiatives – large and small.
Offered by Newfoundland and Labrador Hydro and Newfoundland Power
Amount
Up to $100,000
$0.10 per kWh of first-year energy savings up to a maximum of $100,000, plus a limited-time bonus incentive of $500 per kW peak demand reduced; energy audits funded at 50% of cost to a maximum of $3,000 and feasibility studies at 75% of eligible costs up to a maximum of $5,000
Quick eligibility check
Who can apply
Applicants must:
- be Newfoundland and Labrador-based businesses,
- make energy-efficient improvements (heating and cooling, refrigeration, lighting, and more).
About the funding
Funding is in the form of energy rebates, with an average rebate of over $7,000 and a maximum rebate of $100,000.
Additionally, takeCHARGE may fund:
- 50% of the cost of the audit, to a maximum of $3,000. A funding application must be pre-approved by takeCHARGE to get funding support.
- 75% of the eligible costs of the feasibility study up to a maximum of $5,000. A funding application must be pre-approved by takeCHARGE to get funding support. Customers are encouraged to seek other sources of funding.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Isolated Systems Business Efficiency Program | Grant, Rebate | The lesser of an incentive based on first-year energy savings, at a rate of $0.4/kWh, or 80% of eligible project costs | Open |
| NL Hydro Commercial EV Charger Rebate Program | Rebate | Up to $5,000 per EV charger | Open |
| Rooftop Air Source Heat Pump | Rebate | $300 per ton (for a five ton system, $1,500 back), applied as a credit on your electricity bill | Open |
| takeCHARGE: LED Exit Sign Retrofit Kit | Rebate | No fixed amount | Open |
