NRCan Offering Financial Aid to Building Owners/Operators
September 27, 2022 | By Logan Caswell
Funding will reimburse commercial and institutional buildings that implement the ISO 50001 energy management system standard.
(Photo provided by: HPAC Magazine)
Natural Resources Canada’s ISO 50001 Financial Assistance Program for Buildings are accepting project proposals from organizations looking to improve energy efficiency in their buildings. The deadline to submit a proposal is October 21, 2022.
Funding is available to help commercial and institutional building owners and operators implement the ISO 50001 energy management system standard.
The funding will be used to reimburse eligible project costs as follows:
- Eligible for-profit organizations may receive up to 60% of eligible costs
- Eligible not-for-profit organizations may receive up to 75% of eligible costs
- Maximum of $40,000 per building
- The maximum contribution to an organization or group of affiliates is $200,000 per fiscal year (April 1 to March 31)
Eligible project expenditures include salaries and benefits, professional, scientific, and technical fees specific to the energy management system, fees for data collection, benchmarking and analysis services, purchasing metering equipment, as well as other expenditures directly related to the project.
