Federal And Provincial Solar Incentives And Rebates In Canada

Homeowners and business owners often question whether there are any subsidies, incentives, or rebates for solar panels. This is a very legitimate concern that is constantly changing in Canada, especially in light of the social circumstances surrounding solar power. This area is routinely updated as new solar power incentives and rebates are always being investigated.

The best method to get the most recent information is to speak with expert solar panel installers directly. Depending on the province you live in and whether you own a house or a company, provincial and federal solar subsidies are now available with varying degrees of influence. Let’s analyze the solar rebates regionally.

Federal Solar Incentives

The federal government of Canada offers three solar incentives, two of which are solely commercial and one of which is residential.

The Greener Homes Rebate

Homeowners will receive up to $5,000 through the Greener Homes grant for the setup and implementation of a roof or ground-mounted solar system. To assist homeowners in making energy-efficient decisions and to help reduce the investment capital necessary to go solar, the Canadian government has provided $70,000 in grants.

Self-Employed Or Commercial

Commercial producers of renewable energy can lower their taxable income during the first few years of an asset’s operation by claiming additional depreciation thanks to the Accelerated Capital Cost Allowance. The increased limit provides a one-time 100% reduction that gradually decreases over time. This business incentive is only valid for use with real estate that complies with Capital Cost Allowance (CCA) regulations.

Residential Or Homeowners

Another government incentive provides homes with up to $40,000 in interest-free loans to assist in the purchase of eco-friendly retrofits, such as solar panels, a more efficient furnace, or better sealing for windows and doors. This program also offers free energy audits to homeowners to help them choose the retrofits that will result in the biggest savings.

Also Read: Everything You Need To Know About The Home Renovation Tax Credit

Provincial Incentives And Rebates

Homeowners from different parts of Canada can also benefit from the incentives and rebates provided by the provincial government. We won’t be able to cover all of them, but here are a few of the prominent ones.

Saskatchewan Incentives

Saskatchewan Net-Metering Program:

Saskatchewan offers net metering credits for solar power systems. Your monthly electricity bill in Saskatchewan will be credited for any surplus energy that is sold back to the grid thanks to solar panels.

Saskatchewan Solar or Wind-powered Water Pump Grant for Farms:

It can be expensive to extend electricity lines to far-off wells or streams. SaskPower offers a grant of 50% for costs above $500, up to a maximum of $500, toward the investment and installation of a complete solar or wind-powered water pumping system for farms, etc.

British Columbia Incentives

BC PST Tax Exemption: The PST exemption for solar PV equipment and devices, including solar panels, wiring, controllers, and inverters, is the main incentive offered by BC.

Net Metering & BC Hydro:

BC Hydro has annual net metering for residential and commercial customers. A clean or renewable electricity generator with a combined nameplate capacity of no more than 100 kW must be connected to a qualified consumer’s BC hydro distribution system.

Alberta Solar Power Rebates

Net Metering in Alberta:

One of the finest solar resources in the nation is Alberta. For installations up to 5 MW, the Alberta Micro-Generation Regulation permits yearly net metering.

Edmonton Solar Rebate:

Edmonton announced a rebate of $0.40/W up to $4,000 will be offered to residents for solar installations. Additionally, this incentive is in addition to the provincially-funded residential and commercial solar program.

Ontario Incentives

Ontario Net-Metering:

Customers in Ontario are eligible for the net metering program with renewable energy generators that produce no more than 500kW. With the help of net metering, Ontarians can send extra electricity to the distribution network in exchange for a credit on their energy bills.

About Sundawg Solar

Sundawg Solar is a Saskatchewan-based provider of clean, renewable energy. We provide a wide range of solar power solutions, including off-grid solar power systems. We are devoted to preserving the environment’s cleanliness and safeguarding it for coming generations. We are honoured to have provided services to the sector for 40 years. Learn more about Sundawg Solar.

Looking for experienced solar panel installers? Contact us today.