Natural Resources Canada and the British Columbia Ministry of Energy and Mines have streamlined a way for industry to access both federal and provincial program funding for energy management system projects, such as compliance with the ISO 50001 Energy Management Systems standard, in facilities in British Columbia.
Implementing an energy management system, such as ISO 50001, enables companies of all sizes to adopt a systematic approach to achieve continual improvement of energy performance. Companies that have implemented energy management systems typically save up to 20 percent of energy within the first five years. This reduces energy costs and greenhouse gas emissions, and increases business competitiveness.
Up to 75 percent of total eligible project costs to a maximum of $80,000 are available through this collaborative arrangement. Eligible expenses include professional fees and internal employee salaries for work such as energy management system pre-audits, energy use assessments, energy baseline development, and energy performance monitoring and reporting. Funding is based on the implementation or enhancement of an energy management system, and may be combined with other energy efficiency funding sources (linked below).
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