Understanding “Save on Energy” funding programs for Ontario businesses moving to solar.

Ontario has launched its most ambitious clean energy initiative ever, committing $10.9 billion to revolutionize how businesses and homeowners power their properties. For forward-thinking homeowners and business owners, this unprecedented investment creates a perfect storm of incentives that could transform your energy costs for decades to come.

The new Home Renovation Savings Program will offer up to 30 percent rebates for energy-efficient upgrades, including windows, doors, insulation, heat pumps, smart thermostats, rooftop solar panels and battery storage. Money for the retrofits will be rolled out over the next 12 years. Things get even more exciting for Ontario businesses…

It is a landmark year for businesses considering solar

Essential for any Ontario business to understand is that the 12-year investment announcement included continued support for the Save On Energy program, including the popular Retrofit program.

Under the “Prescriptive Stream,” incentives for solar panels are provided for small and large commercial, industrial, and institutional participants who want to install solar panels to displace load, reduce demand on the grid, and save on energy costs.

Projects less than 10 kW of direct current (DC) are eligible to receive $1000/kW-DC, and small-medium generation projects greater than 10 kW of alternating current (AC) are eligible to receive a generous $860/kW-AC, up to a maximum of $860,000 per project.

You can learn more about Save On Energy programs and incentives here.

The Power of Combined Incentives

What’s even more attractive to Ontario businesses considering a move to solar energy is that the Save on Energy retrofit incentive can be COMBINED with the 30% Clean Technology Investment Tax Credit and accelerated CCA to bring the payback period on solar down to as low as 3 years.

Timbren Industries, Whitby, Ontario
176 ELM STREET Solar

Who Can Benefit?

The program’s broad eligibility ensures that virtually every sector of Ontario’s business community can participate. Whether you operate:

  • Commercial spaces like retail stores, offices, hotels, or warehouses
  • Industrial facilities in manufacturing, food processing, or resource sectors
  • Institutional buildings such as hospitals or educational facilities
  • Multi-family residential complexes
  • Agricultural operations, including farms and greenhouses

Your business could qualify for these transformative incentives.

Why Act Now?

The timing for solar adoption has never been more favourable. Beyond the immediate financial incentives, businesses that transition to solar energy position themselves for:

  • Significant long-term reduction in operating costs
  • Enhanced energy independence and reliability
  • Strengthened environmental credentials
  • Improved property value
  • Protection against future energy price increases
State of the art solar generation system
Residential solar installation

Talk to a Solar Professional Today

Ontario businesses moving to solar energy can take advantage of hundreds of thousands of dollar’s worth of incentives and tax credits. If you’ve been on the fence about electrifying your business, 2025 looks like the year to do it!

Talk to Ontario’s leading solar energy solution provider and get a free quote for your business today!

Email info@otterenergy.com