Saskatchewan Solar Rebates & Incentives

While utility rates are still rising, switching to solar would lock you in for low, predictable energy costs. Now is the perfect time to start producing your power if you’ve ever considered it. Many expert solar panel installers are prepared to contribute to the cost of your switch to solar. There has never been a better time for Saskatchewan residents to invest in solar energy production.

The Saskatchewan government currently provides a range of solar incentives, rebate programs, and tax incentives for Saskatchewan solar producers. These incentives are meant to promote investment in renewable energy. All pertinent details about solar panel installation in Saskatchewan are covered in this blog post, including utility regulations, system financing, solar incentives, and environmental considerations.

Also Read: Canada Greener Homes Loan: Making Solar More Accessible

Net Metering Program & Net Billing

The most crucial element of Saskatchewan’s financial incentive program for social power is the net metering program, also known as net billing. By supplying solar-generated electricity to their utility companies, this policy enables businesses and homeowners to stop paying for their electricity bills.

The program applies to solar power deployments in residential, agricultural, and commercial settings with up to 100 kW of capacity. Owners can use their solar power system to send electricity to the electrical grid. If you generate more electricity than you use in a given month, it is banked and used to offset your consumption, leaving you with a balance of zero.

Unused electricity can be carried over as a credit from month to month under the program, but it must be used up by the three-year mark following your enrollment in the program, after which your credit will be reset to zero.

Home Renovation Tax Credit

By claiming a 10.5% tax credit on up to $20,000 in eligible home renovation costs, Saskatchewan homeowners can avoid paying up to $2,100 in provincial income tax. The cost of labour and expert services, building supplies, fixtures, solar energy rentals, and permits are all considered eligible costs.

The Saskatchewan personal income tax system will include this tax credit, which will be handled by the Canada Revenue Agency (CRA). In the upcoming months, the CRA will create the required forms and filing instructions.

Power Generation Partner Program

The recently launched Power Generation Partner Program (PGPP) is a program with a 20-year commitment. To assist Saskatchewan in producing 35 MW of clean energy, this program, which took the place of the earlier Small Power Producers Program, will be looking for new applicants each year.

Applicants must submit a bid price as part of the application process, which is an estimate of the price they will receive for the electricity they produce. The highest bid is limited to $0.09830/kWh.

Canada Greener Homes Grant

Our homes and other structures contribute 18% of Canada’s greenhouse gas emissions. The Canada Greener Homes Grant will assist homeowners in making their homes more energy-efficient, developing domestic green supply chains, and combating climate change. It will also create new solar energy advisor jobs across Canada.

Capital Cost Allowance (CCA) For Clean Energy Projects

The Canadian Income Tax Act creates special allowances for the costs of energy-efficient and clean energy equipment. One such provision offers a special, accelerated capital cost allowance (CCA) for clean energy generation equipment, including solar power systems.

The asset is to be depreciated throughout its useful life following the standard capital cost allowance rules. Businesses can deduct more of the cost of a solar power system during the first few years of ownership thanks to the accelerated CCA.

Our solar energy systems fall under Class 43.2, which qualifies for a first-year 100% write-off. When businesses invest in solar power generation projects, the CCA offers tax incentives that speed up the money’s return.

Canadian Renewable And Conservation Expenses (CRCE)

This category of expenses receives special tax treatment, including solar system installation costs. As a business owner, you might be able to create a non-refundable tax credit for yourself and fully deduct the cost of the installation during the year in which it was completed. The credit can be used whenever it is most practical or advantageous and carried forward indefinitely.

About Sundawg Solar

Sundawg Solar is a Saskatchewan-based solar panel installer and provider of renewable energy. Off-grid solar power systems are among the many solar power options we offer. We are committed to upholding environmental purity and protecting it for future generations. We consider it an honour to have served the industry for 40 years. Learn more about Sundawg Solar.

Looking to step into solar with government incentives and rebates? Contact us today.