THE TENANT INCENTIVE PROGRAM (TIP)
Under the Tenant Incentive Program (TIP), commercial tenants also qualify for electricity saving retrofit incentives.
The CDM Program now accepts applications from tenants under lease in a commercial/industrial property. All CDM Rules and protocols apply. The leased premises must be within the '416' telephone exchange area (or postal code starting with "M") and greater than or equal to 25,000 square feet.
TIP will pay the tenant directly for electricity savings within their premises at a rate of $800 per kilowatt or $0.10 per kilowatt hour or $250 per cooling ton reduction for non-lighting related measures, and $400 per kilowatt or $0.05 per kilowatt hour for lighting related measures, up to a maximum of 40% of total eligible project costs.
PROGRAM BENEFITS
Improve the pay back of your energy savings projects- Reduce your annual
operating costs
- Help the environment by reducing the emissions 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, education, 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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