The government is heavily investing in solar power through grant and incentive programs right now all across Canada. Incentives are available at the provincial and federal levels and come in the form of tax credits, subsidies, and rebates. These programs are designed to make solar power more affordable for homeowners and businesses.
The federal government offers grants from $250 up to $5000. They also offer interest-free loans up to $40,000 and several forms of tax rebates. All the information from the federal solar grants can be found here and looking into the Greener Homes Initiative.
In addition to the federal tax credit, many provinces offer additional incentives for solar installations. These incentives vary from province to province but can include subsidies, rebates, and property tax exemptions. Some provinces also offer their own low-interest loans for solar installations.
Why Solar Power?
Solar power is a clean source of energy that does not produce emissions or pollution. Solar power is also renewable, which means it will never run out. Solar power is becoming more affordable as technology improves and costs continue to decline.
The government incentives are designed to make solar power more affordable for homeowners and businesses. The subsidies and tax credits can cover a significant portion of the cost of installing a solar system. This makes solar an attractive option for those looking to save money on their energy bills.
Solar power also provides many benefits to the grid. Solar power can be used to offset peak demand, which saves money and reduces congestion on the grid. Solar power can also be used to provide backup power during outages.
If you’re looking to see what you could qualify for, please reach out to our team to find out!