Are you looking for a way to make the most of Nova Scotia’s sunny days? Investing in solar energy is an excellent solution that can both reduce your environmental impact and save you money on utilities.
As part of efforts to encourage residents to take advantage of local renewable resources, Nova Scotia has implemented several financial incentives in the form of rebates and other programs – so now more than ever it’s possible for homeowners to benefit from investing in solar energy.
In this blog post, we’ll explore all the ways you can unlock the sunshine and reap both sustainability and cost savings with some of these great rebate options right here at home!
When it comes to investing in solar energy in Nova Scotia, there are a number of financial incentives that can make the process easier and more affordable. From rebates to special programs, the province offers a range of options for homeowners looking to reduce their environmental impact while also saving money on their electricity bill.
Greener Homes Incentive
The initiative to promote energy-efficient homes, known as the “Greener Homes Program”, presents a chance for property owners to improve the living conditions within their homes while also cutting costs. Additionally, by participating in this program, homeowners can receive financial assistance from the government as a reward for supporting Canada’s aim to reach net-zero emissions. The program offers grants of up to $5,000 for those who install solar systems, either on their roofs or as ground-mounted systems. The Canadian government has allotted 700,000 grants, each with a maximum value of $5,000, to aid homeowners in making cost-effective decisions and lower the financial burden of transitioning to solar energy.
Efficiency Nova Scotia
Homeowners in Nova Scotia have access to a rebate program that allows them to recoup a portion of the cost of solar panel installation. Nova Scotia has seen a crazy increase in solar adoption since the government first introduced this program. Many of our clients are taking advantage of this right now – It’s called SolarHomes.
SolarHomes is administered by Efficiency Nova Scotia, it provides a rebate of $0.60/watt of solar panel capacity installed. The maximum rebate amount is $6,000 or 25% of the total cost of the system before taxes.
PACE – Property Assessed Clean Energy
Residents of Halifax, Amherst, Bridgewater, Colchester, and certain other municipalities in Nova Scotia, have access to an innovative solar financing program called PACE. This “Property Assessed Clean Energy” program allows homeowners to pay for their solar installations with a loan that requires no down payment, has a long repayment term and has low-interest rate.
This program is easy to repay, as the PACE surcharge is added to the homeowner’s property tax bill. Thanks to the province’s generous renewable energy rebate, low cost of solar panel installation, and favorable natural conditions for solar energy, Nova Scotia is one of the most attractive locations in Canada for switching to solar power.
What’s coming up
There are always new incentives popping up to help homeowners and commercial organizations adopt solar power. If you’re reading this article, reach out to us to check to see if you’re eligible for anything new.
By taking advantage of these financial incentives available in Nova Scotia, homeowners will be able to unlock significant savings while also reducing their environmental impact by investing in solar energy. With so many options available for those interested in making an investment in solar power, it’s important for homeowners to explore all the possibilities before moving forward with an installation project. Understanding the types of systems available is key when determining which option makes sense for your home – whether you’re looking for grid-tied or off-grid solutions – as well as calculating the payback period associated with each system and understanding what financial incentives are available so you can maximize your savings over time.
