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Economic Incentive to Upgrade Your Air Compressor Systems
April 26, 2019

As a forward-thinking supplier of industrial air compressor equipment, we offer our customers the opportunity to maximize the efficiency of their compressor systems through a number of programs. Our Energy Efficiency Program, Air Leaks Detection Program and Save on Energy Incentive Program are all meant to improve the operational capacity of your compressor equipment and reduce energy usage.

 

The Save on Energy Incentive Program is unique in that it provides economic incentive to upgrade your air compressor systems, on top of the savings you’ll experience through a reduction in your energy bill. This program makes it easy for businesses to take steps towards incorporating sustainability into their work practices, as it helps to cover the cost of upgrading equipment to improve efficiency.  

 

How the Program Works

The Save on Energy Retrofit Program provides economic incentives to undertake a project that will increase energy savings in your facility. In the case of a business that makes use of one or more air compressors, the project would involve retrofitting this equipment. In order for a project to be eligible for the program, it must be expected to yield sustainable, measurable and verifiable reductions in peak electricity demand and overall consumption. It must specifically result in an estimated electricity demand reduction of at least 1kW, or estimated energy savings of at least 2,000 kWh in the first year following project completion. Energy savings must be sustained for at least 48 months.

 

Since we are an applicant representative for this program, our customers can receive incentives when we perform retrofitting services. Our technicians follow program-specific measures when they upgrade industrial air compressor equipment.

 

What are the Economic Incentives?

The numeric value of these incentives is based on the energy savings achieved after the upgrade is completed. The incentives increase with greater energy savings; you can receive either $800/kW of demand savings or $0.10/kWh of electricity savings within the first year. It should be noted that the incentives are capped at 50 percent of the project cost. Nevertheless, your industrial air compressor upgrade will more than pay for itself through this program and the smaller utility bills that will follow.

 

At ReapAir Compressor Services, we have been providing quality air compressors, parts and accessories as well as unmatched service since 1981. Our staff includes factory-trained technicians who are on-call to provide expert repair and maintenance services. Contact us today for all of your industrial air compressor needs in the Greater Toronto Area!

This sounds like an amazing program!
Posted by: Jane | May 9, 2019, 1:33 pm
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