Financial Assistance for Investment Program - For high power consumers

In the Fall 2018 Update on Québec's Economic and Financial Situation, the government announced the adoption of a program to promote investments in businesses served by off-grid systems.

Through this program, large businesses served by Hydro-Québec’s off-grid systems that carry out one or more eligible investment projects may receive government assistance in the form of reduced electricity costs.

The assistance paid in the form of reduced electricity costs allows for the reimbursement of up to 50% of the eligible costs:

• the reimbursement of 40% of the eligible costs incurred;
• the additional reimbursement of up to 10% of the eligible costs incurred for projects aimed at greenhouse gas (GHG) emission intensity reductions.

The maximum reduction of the electricity bill is 20% for a maximum period of four years or, in the case of an application concerning at least $250 million, eight years.

For example, a business with an annual electricity bill of $12 million whose eligible costs total $5 million can benefit from $2 million in total financial assistance, that is, the reimbursement of 40% of the eligible costs of its project. The assistance granted will correspond to a 20% reduction in its electricity bill for ten months. However, if the allowable costs stand at $60 million, the business will benefit from $9.6 million in total assistance, that is, 20% of its annual electricity bill for four years.

IMPORTANT – EFFECTIVE AS OF APRIL 1, 2021

Please note that as of April 1, 2021, the Financial Assistance for Investment Program has replaced the electricity discount programs. The parameters of this new program are similar to those of the previous ones.

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