Save on Energy XLerate — Large-Scale Industrial Energy Efficiency Incentive (IESO)

activeOntarioprovincialgrantIndustrial energy efficiencyLED & lighting retrofits

ValuePay-for-performance: $300/MWh of verified electricity savings ($450/MWh in grid-constrained areas); up to 75% of eligible project costs, capped at $15M per project; 50% cost-share feasibility study funding

DeadlinesOpen and taking applications on a continuous basis; no posted closing date

RequirementsIndustrial, municipal, institutional, or healthcare facility in Ontario; minimum 600 MWh/year verified savings; measurable savings from efficiency/system optimization capital projects

CaveatsReplaced the former Industrial Energy Efficiency Program (IEEP) — older references to IEEP terms are stale; savings must be verified post-installation for payment

Official sourcehttps://www.saveonenergy.ca/XLerate

Contact[email protected]

Last verified2026-08-23

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