THE BOMA CDM PROGRAM
Energy retrofits can be pricey. You may be eager to help the environment and cut your energy bills, but the initial capital costs and long payback period for a retrofit can mean that your project may not get approved. Let the BOMA CDM Program help you.
PURPOSE
The Program will direct incentive funds to eligible participants, towards the capital cost of initiatives that provide sustainable electricity demand and energy reductions in commercial buildings. The Program offers incentives for annual energy savings, in kilowatt hours (kWh), peak summer demand reductions, in kilowatts (kW), and reducing tons of cooling (for geothermal projects).
TARGET
Large commercial buildings 25,000 square feet or greater.
DURATION
4 years, ending December 31, 2010
PROGRAM OBJECTIVES
To reduce the City’s on-peak electricity demand by 100 Megawatts (MW) .
INCENTIVE LEVEL
$800 per kilowatt of on-peak demand savings or $0.10 per kilowatt-hour annual consumption savings for non-lighting projects; $400 per kilowatt of on-peak demand savings or $0.05 per kilowatt-hour annual consumption savings for lighting projects; $250 per cooling ton (for geothermal projects).
INCENTIVE CAP
The total incentive payments is capped at 40% of the total eligible project costs.
PAYMENT TIMING
Once our Project Completion Report is finalized you will receive your incentive payment within 30 business days.
WHAT ARE ELIGIBLE COSTS?
Eligible Project Costs in the CDM Program are: energy audits, engineering, equipment, installation labour, commissioning, meter rental or purchase and metering services.
AM I ELIGIBLE?
Owners, operators or tenants of buildings situated within the boundaries of the City of Toronto (416 aera code or postal codes prefixed with "M") and that are greater than 25,000 sq ft are eligible for this Program.
BUILDING TYPES
Eligible
Not Eligible
Offices
Hotels
Retail
Mixed Use
Industrial Buildings (not processes)
Warehouses
Private Institutions
Municipal Buildings
Universities
Schools
Hospitals
Multi-residential
New Construction
BUILDING SIZE
Greater than or equal to 25,000 sq.ft
ELIGIBLE MEASURES are those that provide sustainable, measurable and verifiable electrical savings:
Building Automation Systems
Lighting Retrofits
Lighting Controls
Building Envelope
HVAC Redesign
Equipment Replacement
Fuel Substitution
Chiller Replacement
Ground Source Heat Pumps
Elevator Modernization
Tenant Sub-metering
Power Conditioning
Deep Lake Water Cooling
Variable Speed Drives
Get the answers to Frequently Asked Questions about the CDM Program.
PROGRAM BENEFITS
Improve the pay back of your energy savings projects- Reduce your property operation costs
- Help the environment by reducing the emissions and water consumption from electricity generation
YOUR PROGRAM PARTNERS
- The Building Owners and Managers Association of the Greater Toronto Area (BOMA Toronto) helps members ensure tenant satisfaction, maximize profits, and enhance asset values for building owners and investors through market intelligence, educiation, networking, and government advocacy
- The Ontario Power Authority contributes to the development of a reliable and sustainable electricity system for the benefit of Ontario customers. In doing so, we plan for the long term and procure and coordinate conservation and electricity supply from diverse resources
The calculations are based on industry averages and therefore provide only an estimate of potential incentive amount.
BOMA Toronto and the OPA will not be held liable for any claims arising from the use of these figures in a business decision.
Please enter the following information for your commercial office building.
| Building Size (sq. ft.) | ||
| # of Floors | ||
| Project Type | ||
| Savings and incentive amount: | ||
| Annual Electricity Savings | ||
| Peak Demand Reduction | ||
| BOMA CDM Incentive | ||
| Impact on project economics: | ||
| Without CDM Program | With CDM Program | |
| Net Project Cost | ||
| Annual Utility Savings | ||
| Simple Payback | ||
Incentive calculator will give you preliminarily estimate of what your incentive could be. |
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