Energy Savings Projects Funding

New Funding for Energy Saving Projects for SME Businesses in Saskatchewan

Small and medium-sized businesses with fewer than 500 employees in Saskatchewan can now apply to the SME Project stream of the federal Climate Action Incentive Fund. Small and medium-sized businesses in Saskatchewan, Ontario, New Brunswick and Manitoba, all provinces subject to the federal carbon pricing, will be eligible to receive funding of up to 25 percent of the eligible cost of projects that will make their businesses more productive and competitive as they reduce energy use, save money, and cut greenhouse gas pollution. A wide range of energy-efficient retrofits and other projects are eligible, including building retrofits, improved industrial processes, fuel switching, and the production of renewable energy for the use of applicants.

Funding available in this program for Saskatchewan for 2019–20 is $21.3 million. The minimum amount of federal funding per application is $20,000. A maximum of $250,000 is available per applicant per eligible province. The application period will be open until funding is exhausted or for a maximum of 90 days.

Proposals will be selected on a first-come, first-served basis, and regional considerations and prioritization for the most impacted small and medium-sized businesses will be taken into account.

Applicants can consult the applicant guide to prepare their proposal and submit it through the online application tool. Applicants will be notified of the decision after approximately 25 business days upon receipt of their application.

The Government of Canada implemented changes to accelerated capital costs that allow businesses to immediately write off the full cost of machinery and equipment used for the manufacturing and processing of goods or immediately write off the full cost of specified clean-energy equipment. Investments eligible for Climate Action Incentive Fund may also be eligible for the accelerated capital cost allowance.



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