Even against the unpredictable backdrop of trade wars, new governments, and various other factors, 2025 presents an exceptional opportunity for businesses to invest in solar energy. Otter Energy has been designing and installing solar solutions since 2009, and we’ve honestly never encountered a better, more stable value-for-the-customer environment.
Here are a few reasons why:
Generous Solar Tax Credits and Incentives
The Clean Technology (CT) Investment Tax Credit (ITC) is in effect through December 31, 2034. It provides business owners up to 30% of the capital cost of CT property acquired and made available from March 28, 2023, to December 31, 2033. The solar ITC can be combined with the CCA rapid depreciation allowance, which allows businesses to immediately write off the full cost of specified clean energy equipment. It’s important to act now, as the allowance will decrease in 2026. Additionally, all these tax incentives can be combined with the newly expanded Save on Energy program, which can cover up to 50% of project costs for energy efficiency retrofits, including solar panels.
Technological Advancements Driving Efficiency
The latest generation of solar panels entering the market in 2025 offer significantly enhanced efficiency ratings, with many panels now surpassing 22% efficiency.
These advancements mean fewer panels are needed to generate the same amount of energy, reducing installation costs and space requirements.
Furthermore, new bifacial panels demonstrate performance gains of 5-15% compared to traditional panels.
Decreased Equipment Costs Despite Global Challenges
While some companies express concern about supply chain issues and trade policies, established installers, like Otter Energy, with strong supplier relationships, have secured stable pricing.
Panel costs have decreased by more than 60% over the past 10 years, and the industry has diversified its supply chain across multiple countries, reducing dependency on any single market.
Grid Modernization and Storage Integration
Utilities throughout Canada have invested heavily in grid infrastructure upgrades, making it easier to connect solar panel systems.
The integration of advanced inverter technology and the increasing availability of battery storage solutions have made solar installations more valuable and versatile than ever before.
Rising Electricity Rates Driving ROI
With utility rates continuing to climb, averaging a 4-6% annual increase in most markets, the return on investment for solar installations has become increasingly attractive.
Many customers are now experiencing payback periods of 3-5 years, compared to 8-10 years just a few years ago.
A “Perfect Storm” of Solar Funding Opportunities
There have never been more options for businesses to finance their investment in large-scale solar electricity generation. For instance, commercial solar customers can combine Federal Investment Tax Credits with the accelerated CCA (capital cost allowance) and the new Save on Energy solar incentive, reducing the ROI time to as low as three years.
The Importance of Working with an Established, Stable Solar Contractor
Otter Energy is the #1 choice of businesses looking to save on electricity costs and take charge of their utility bills. Our experience is unmatched, and our long-term commitment to our customers is integral to our story. Why does stability matter?
Supply Chain Stability
We maintain diverse supplier networks and long-term contracts that ensure consistent access to equipment regardless of market fluctuations. This business practice is part of “the Otter Energy advantage” and means projects move forward without delays or unexpected price increases.
Quality Assurance
Established companies such as Otter Energy have refined their installation processes through thousands of projects, leading to superior project execution and improved system performance. Experienced solar installation partners can provide more robust warranties as they will remain in business for the life of your panels and can uphold service commitments.
Regulatory Navigation
Experienced installers have honed their skills in navigating permitting processes, utility interconnection requirements, and incentive applications. This expertise results in more efficient project execution and optimal incentive capture for customers.
Financial Strength
Well-established companies have the financial resources to weather market fluctuations and maintain operations without cutting corners. This financial stability ensures they can honour warranties and provide ongoing support throughout the system’s lifetime.
The solar industry has matured significantly, and 2025 represents a convergence of favourable factors that make it an ideal time to invest in solar energy. Partnering with an experienced installer like Otter Energy ensures you can fully capitalize on these opportunities while minimizing risk and maximizing return on investment.
Get a solar energy proposal from Otter Energy today
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