Canadian Solar Incentives
The key solar incentive that Canada has is a fantastic solar resource. That benefit does not depend on political environment and will stay here for Canadians to utilize forever. Specifically, the following Canadian regions have exceptionally good solar potential: Okanagan, Interior BC, Central and Southern Alberta and Saskatchewan, South-west Manitoba.
Unlike other countries in the world Canadians are allowed to interconnect grid-tie solar systems to the utility grid. We often do not appreciate that opportunity to interconnect and take it as granted. After working in Hawaii, Western Samoa and British Virgin Islands we realized that government monopoly on solar power or distribution constrains create significant barriers for solar development in those places of the world.
Canadian Federal Government helps to the solar industry with faster tax depreciation for CCA Class 43.2 where solar assets can be allocated. For Canadian business faster depreciation of solar assets allows to reduce taxable income in the years following the investment in solar. Potential future implementation countrywide introduction of a Carbon Tax could also have a great potential to increase the value of solar energy in Canada.
In addition to the incentives mentioned above, each province has a unique set of incentive programs and rules.