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Benefits of Energy Retrofits

The ecoENERGY Retrofit Incentive for Buildings can help you improve the energy efficiency of your small and medium-sized organization, and there are many good reasons to implement energy-saving measures:

  • Comprehensive retrofits can reduce your annual energy consumption and costs by 20 percent on average
  • Retrofits pay for themselves over time with paybacks from most measures ranging from one to 10 years
  • New equipment and lower operating costs can increase your competitiveness
  • Many measures can help make your building more healthy and comfortable
  • Using less energy can reduce greenhouse gas emissions and air pollution, thereby contributing to a cleaner environment for all Canadians

Energy-consuming systems have an effect on other systems. Many organizations find that it makes sense to take a holistic approach and bundle a number of energy-saving measures that will be implemented at the same time. The shorter payback period of some measures help pay for the longer payback of others, and you can use your savings to invest in future retrofit projects.

Next: How the incentive works