Property owners can significantly benefit from government incentives designed to promote solar energy adoption, making industrial solar panels in Canada more affordable and accessible. Our team provides expert guidance on navigating and maximizing available government incentives for commercial solar panels. Let us simplify the process, making your transition to solar energy seamless and cost-effective.
Commercial spaces or buildings, such as offices, retail and grocery stores, restaurants, hotels and warehouses
Industrial facilities in sectors such as food and beverage, automotive, plastics, steel, mining, paper and chemical industries, among others.
Institutional buildings, including hospitals, universities, municipal facilities
Multi-family buildings, such as apartments (including social housing) or condominiums
Agricultural facilities, such as dairy, swine and poultry farms, greenhouses and nurseries, among others.
Campgrounds
The Clean Technology Investment Tax Credit (CTITC) offers Canadian businesses a 30% federal tax credit on the cost of new solar installations. This incentive drastically reduces the upfront costs of adopting solar energy, enabling companies to offset their tax liability as they transition to renewable energy. With a 10-year limit to use these credits, the CTITC makes solar energy more financially attractive.
The Accelerated Capital Cost Allowance (ACCA) allows businesses to deduct 50% of their solar equipment costs each year on a declining balance basis, with the option for a 100% first-year deduction if installed before 2028. This accelerated write-off provides a faster return on investment by allowing substantial tax savings, making solar energy projects financially viable and appealing for Canadian businesses aiming to reduce energy costs and enhance sustainability.
The Save On Energy Retrofit program offers businesses an incentive of up to $860,000 to add Solar Photovoltaic Distributed Energy Resources to their facilities.
Energy Efficiency Loan Program: Efficiency Nova Scotia offers up to $25,000 in incentives for builders and homebuyers to offset costs associated with energy-efficient upgrades in new home constructions. Learn More.
Halifax Solar City Program: *Only available for Halifax. The Halifax Solar City Program offers a convenient financing option for property owners to install a solar PV system, eliminating the need for upfront payments. Property owners will enter into an agreement with the municipality, allowing for an LIC to be placed on the property post-installation. The LIC can be paid off over a 10 year term at a 4.75% fixed interest rate. Learn More.
Sustainable Communities Challenge Fund: Nova Scotia Municipalities, First Nations, registered non-profits and post-secondary institutions can apply for the sustainable communities challenge fund to install energy generation systems. The fund supports sustainable projects that align with Nova Scotia’s environmental goals and contribute positively to the community. Applicants can receive up to 80% of the eligible project’s cost, capped at $1,000,000. The percentage your institution must contribute to the project will depend on the total project cost. Learn More.
Solar Electric Rebate Program: Provides a generous rebate per watt, capped at a high percentage of total project costs.
Favourable Net Metering: One-to-one credit for energy exported to the grid, maximizing the value of your system.
Energy Efficiency Loan Program: PEI is offering a 5%, 15-year loan for businesses and farms that have an approved solar electric rebate application. Detailed loan agreement terms and conditions will be provided after applicant approval with FinancePEI.
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