Alberta Government invests up to $55 million to improve energy efficiency
The Government of Alberta is funding Emissions Reduction Alberta’s (ERA) Energy Savings for Business program targeting small- and medium-sized industrial and commercial facilities through the Technology Innovation and Emissions Reduction (TIER) fund.
The Provincial TIER funds of $30 million will be leveraged with public and private investment, including up to $25 million in funding from the federal Low Carbon Economy Leadership Fund. In total, this program is anticipated to stimulate over $196 million in new investment.
“We’re equipping our job creators with the resources they need to move forward on projects that reduce emissions, reduce costs, and create good jobs. Alberta is a province of innovators, and I am proud that the TIER system continues to support our province’s leadership in emissions-reducing technology,” said Jason Nixon, Minister of Environment and Parks.
Businesses from across Alberta will be eligible to access funding to cover a portion of their project costs for cost-saving and emissions reducing projects when the program launches in January 2021.
Through this initiative, businesses such as manufacturing facilities, agricultural operations, office buildings, and fabrication shops can cut costs and reduce emissions by adopting modern building systems and updating facility operations, enabling smarter energy use and less waste. These projects will rely on local contractors and a skilled workforce, including HVAC businesses, insulation companies, installers and electricians, creating jobs and opportunities for business growth.
ERA’s Energy Savings for Business program will help accelerate the uptake of commercially available technologies that will result in operational efficiencies and cost reductions, stimulate investment, and address longer-term environmental sustainability priorities.
Program applicants are eligible for up to $250,000 per project to a maximum of $500,000 per company. While projects are generally smaller in size than ERA’s usual projects, a high volume of projects (approximately 4,000) is expected, resulting in broad and significant cumulative impact.
Applications are expected to open in January 2021 for businesses to submit their eligible projects for pre-approval. Projects can include commercially available energy-efficient upgrades such as HVAC technologies, weatherization, hot water systems, indoor/outdoor commercial and industrial lighting and control systems, and alternate power sources.
Energy Savings for Business program details are available on the ERA website.