May 3, 2024

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BC Hydro Announces Summer 2024 Energy Efficiency Bonus

Source:  BOMA BC

The Announcement

To encourage energy conservation, BC Hydro has unveiled a limited-time offer. Throughout the summer of 2024 a 50% bonus will be applied to all Custom Project Incentives and SIP (Self-Serve Incentives Program) projects. To qualify:

  • New applications received March 1, 2024 until July 15, 2024 with a completion date on or before August 30, 2024 will receive a 50% bonus.
  • All agreements will be processed on a first come, first served basis, funding will be approved up to the limits of our annual budgets and contingent on passing BC Hydro cost tests.
  • The bonus will be applied to standard incentive amounts for energy efficiency projects. Low Carbon Electrification and CleanBC projects are not eligible. Capacity/Demand response projects will receive the best available offer.

Promotion Detials

Promotional offer:

  • Up to 50% bonus on top of original incentive funding offer,
  • Removal of 1 year minimum payback rule as well as 75% cost cap
  • Incentive caps of $1M for Distribution projects remain in place.
  • Promotion go-live date is March 1, 2024.


  • 50% bonus project completion deadline is August 30, 2024.
    • 50% bonus application deadline is July 15, 2024 11:59:59 PM.


All Industrial and Large Commercial customers are eligible. Eligible projects include Energy Efficiency retrofit and New Equipment/New Plant Design projects receiving standard incentive amounts. Low Carbon Electrification and CleanBC are not eligible. Capacity/Demand response projects will receive the best available offer.

Can projects that are already in progress get the bonus?

Approved projects receiving a standard incentive that have not yet purchased equipment and are able to complete on or before August 30, 2024 can request a new agreement and to receive a 50% bonus. 

Contact Thrive Electrify to take advantage of this limited-time offer.

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