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Smart Power Building Fund

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HK Electric's Smart Power Building Fund subsidises building owners to enhance energy efficiency of communal building services.


Effective Date 1 Janua​ry 2019

Enquiry

Hotline:28433228 Hotline2843 3228
Email:SPBF@hkelectric.com Email SPBF@hkelectric.com

Effective from 1 January 2019, the Smart Power Building Fund provides subsidies to building owners for enhancing the energy efficiency performance of building services installations for communal use.

Successful applicants may also apply for the Smart Power Loan Fund (SPLF) which subsidises bank loan interest for approved energy efficiency enhancement projects. For details, please refer to the SPLF Guide to Application.



HKE Grid img  

Eligibility

​Buildings

  • Located within supply area of HK Electric
  • Not directly owned and operated by the Government*

* Hong Kong Housing Authority and Hong Kong Housing Society housing estates are eligible


Energy Efficien​cy ​Enhanc​ement Pr​ojects

  • Retrofitting of building services installations including lighting, air-conditioning, lift, escalator and electrical installations, etc.
  • Retro-commissioning
  • Building-based smart technologies


Subsidy

  • ​Depending on the types and numbers of buildings, the subsidy amount will be determined based on a percentage rate (i.e. subsidy rate) of the actual project expenditure (including qualified service provider fee) and subject to a cap
  • The subsidy will be disbursed on a reimbursement basis

Subsidy Rates and Caps

Subsidy RateCap* on Cumulative Subsidy within 5 years
Category 1 – Multi-owned residential buildings or composite buildings mainly for residential use
1A Without any ancillary facilities such as swimming pool, car park, clubhouse, etc.
Subsidy Rate:
50%
Cap* on Cumulative Subsidy within 5 years:$500,000
1B Buildings other than Sub-Category 1A buildings
Subsidy Rate:
25%
Cap* on Cumulative Subsidy within 5 years:$250,000
Category 2 – Buildings owned/operated by non-profit-making NGOs for education, community or welfare services; schools and student facilities
2A Whole building
Subsidy Rate:
50%
Cap* on Cumulative Subsidy within 5 years:$500,000
2B Premises (i.e. building units) e.g. sheltered workshops, rehabilitation centre, etc.
Subsidy Rate:
50%
Cap* on Cumulative Subsidy within 5 years:$250,000
Category 3 – Other than Category 1 and Category 2
3A Multi-owned buildings without central air-conditioning facilities
Subsidy Rate:
50%
Cap* on Cumulative Subsidy within 5 years:$500,000
​​​​3B ​Buildings other than Sub-Category 3A buildings
Subsidy Rate:
25%
Cap* on Cumulative Subsidy within 5 years:$250,000

* This is the highest cap applicable to one block of building. For an application covering multiple blocks, the cap will be lower with more blocks sharing out. For details, please refer to the Guide to Application.

Participating in the Scheme

Submit application form and required documents
 
HK Electric to assess application and carry out pre-project inspection
 
Vetting Committee
to vet and approve
application
 
Award contract and submit report after completion of project
 
HK Electric to carry out post-project inspection, and
disburse subsidy if satisfactory