Benefits and fundings details
Understand the key benefits, scope, amount and mechanism of the CLP Eco Building Fund.
Key benefits
Through the CLP Eco Building Fund, you can:
- Apply for up to 50% in subsidies for energy-saving improvement works, and 100% in subsidies for retro-commissioning works.
- Reduce your building’s operating and energy costs.
- Reduce your building’s environmental impact.
“We are committed to sustainable development and saving energy for our managed properties.
With the support of the CLP Eco Building Fund, we replaced 6 air-cooled chillers in Asia Trade Centre. Our new energy-efficient models are expected to save 1.2GWh of energy per annum.”
Scope of funding
Retrofitting projects: Replace building services installations
Upgrade your:
- Lighting
- Air-conditioning
- Lifts and escalators
- Electrical installations (e.g. water pumps)
Retro-commissioning projects: Optimise equipment and systems
Typical energy saving opportunities (PDF) include:
- Automatically controlling air-conditioning according to occupancy levels.
- Installing a variable speed drive to control your water pump or fan speed.
Implementation of smart technology in building services installations
Install smart technology systems to track and control your building services installations’ operations.
Note:
We only subsidise retrofitting, retro-commissioning and smart technology works in the communal areas of eligible buildings.
Funding amount
Energy efficiency improvement works
Funding amount
- Retrofitting projects
You may receive between 30% to 50% of your actual project expenditure. This includes the cost of your installations with respect to energy saving parts, Qualified Service Provider (QSP) service charges.
Your exact funding amount depends on your:
- Installation type; and
- Project duration.
- Retro-commissioning projects
- Implementation of smart technology in building services
Your funding amount depends on:
- Amount of estimated energy saved; and
- Project duration.
We will grant more funding to projects that save more energy and can complete sooner. Our funding covers the cost of your installations with respect to energy saving parts and QSP service charges.
Receiving your funds
To receive funding, you must complete your project and report the completion of the project within 24 months of your Acceptance of Application or Approval Letter (whichever is earlier). We will reimburse the approved funding. This means that you must settle your payments before you can claim from the CLP Eco Building Fund.
Note:
You may receive a higher funding amount if you can complete the whole project within 12 months.
More information
Please refer to our Guide to Application (PDF) or read the FAQ.
To further enhance your building’s operational efficiency, learn more about our RCx Audit Programme.
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