Energy costs are a major expense for businesses in Newfoundland and Labrador. The takeCHARGE Business Efficiency Program offers repayable funding for projects that help reduce electricity use. Eligible businesses can access $7,000 to $100,000 to upgrade equipment and improve energy efficiency.
This guide outlines the application process for the takeCHARGE Business Efficiency Program. It explains what types of projects qualify, eligibility requirements, and common mistakes to avoid.
The takeCHARGE Business Efficiency Program is delivered by Newfoundland Power and Newfoundland and Labrador Hydro. It supports commercial customers who invest in projects with measurable electricity savings.
Key program facts:
Funding is linked directly to energy savings. Projects that save more electricity usually qualify for higher support.
Before applying, make sure your business meets all eligibility criteria.
You must:
If your project delivers less than 85% of the forecasted savings, the incentive may be reduced.
The program focuses on custom energy efficiency projects rather than standard rebates.
Typical eligible projects include:
Projects must be pre-approved before installation. Retroactive applications are not accepted.
Start by reviewing where your business uses the most electricity. Many applicants work with an energy consultant or engineer to estimate savings.
You must contact the takeCHARGE team before purchasing or installing equipment. This step confirms if your project qualifies.
Your application usually includes:
The projected savings are a key factor in determining funding levels.
If approved, you will get written confirmation outlining:
Only after approval should you begin installation.
After installation, actual energy savings are measured and verified. Funding is finalized based on verified performance.
Tools like GrantHub’s eligibility matcher can help you check if your business profile aligns with energy efficiency programs in Newfoundland and Labrador.
Applying after installation
Projects must be approved before work begins. Retroactive funding is not allowed.
Overestimating energy savings
If your project delivers less than 85% of estimated savings, your funding may be reduced.
Assuming this is a non-repayable grant
The takeCHARGE Business Efficiency Program provides repayable funding, not a traditional grant.
Ignoring the five-year requirement
Equipment must stay in service and deliver savings for at least five years to remain compliant.
Q: Is the takeCHARGE Business Efficiency Program a grant or a loan?
It is repayable funding, not a non-repayable grant. Repayment terms are tied to the approved project.
Q: How much funding can my business receive?
Eligible businesses can receive between $7,000 and $100,000, depending on project scope and verified energy savings.
Q: Can small businesses apply?
Yes. Small businesses are eligible as long as they are commercial customers of Newfoundland Power or NL Hydro.
Q: What happens if my project underperforms?
If actual energy savings fall below 85% of the estimate, the funding amount may be reduced.
Q: Do I need an energy audit?
An audit is not always mandatory, but many successful applications include professional energy savings estimates.
Q: How can I find more programs like this?
GrantHub keeps an updated list of business efficiency programs and energy funding options available in Newfoundland and Labrador. GrantHub is a Canadian platform that helps businesses find funding programs across the country.
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