As Canada looks to shift towards a cleaner and more sustainable future, solar power has become an increasingly popular option for homeowners and businesses.
Solar power not only reduces carbon emissions but can also lead to significant cost savings on electricity bills. However, the upfront costs of installing a solar system can be high.
Fortunately, various rebates and incentives are available to help maximize solar savings in Canada.
Also Read: Canada Greener Homes Loan: Making Solar More Accessible
In this blog, we will explore some of the important rebates and incentives available and provide some tips to ensure you get the most out of them.
Federal Government Incentives
The federal government offers two main incentives for those who choose to install solar systems: the Canada Greener Homes Initiative and the Net Metering program.
The Canada Greener Homes Initiative is a non-taxable grant of up to $5,000, which can be used to offset the cost of purchasing and installing a solar system.
The Net Metering Program allows homeowners and businesses to generate their own electricity and get credits for sending excess energy back to the grid and these credits can be used to reduce electricity bills.
To be eligible for these incentives, it is crucial to work with a certified solar contractor who can ensure that your solar system meets the requirements and guidelines set by the government.
Provincial Rebates
In addition to federal incentives, many Canadian provinces offer rebates and solar system incentives.
For example, the Saskatchewan government offers Canadian Renewable and Conservation Expenses (CRCE) which offers special tax treatment on solar panel installation.
It is essential to research the specific rebates and incentives available in your province and work with a certified solar contractor who is familiar with the requirements and guidelines in your area. This will help ensure that you receive the maximum benefits available to you.
Green Energy Credits
In addition to rebates and incentives, many Canadian provinces offer green energy credits. These credits are a form of carbon offset, which can be credited to businesses or individuals who want to reduce their carbon footprint.
Solar system owners can earn green energy credits by generating renewable energy, which can be a valuable source of additional income.
To earn green energy credits, it is important to work with a professional solar contractor who can ensure that your solar system meets the requirements for certification. Once your system is certified, you can easily get your credits.
Property Value Increases
Installing a residential solar system not only leads to cost savings on electricity bills but can also increase the value of your property.
According to the National Renewable Energy Laboratory report, homes with solar systems sell for 3-4% more than homes without solar systems. This means that not only will you save money on your electricity bills, but you may also be able to recoup some of the initial installation costs when it comes time to sell your home.
To maximize the potential increase in property value, it is important to work with an accredited solar contractor who can ensure that your solar system is installed to the highest quality standards. This will help ensure that your solar system is considered a valuable asset when it comes time to sell your home.
Energy Efficient Upgrades
Installing a solar system is just one way you can increase your home’s energy efficiency. There are many other upgrades that you can make, such as upgrading insulation, windows, and appliances, that can further reduce your energy consumption and increase your cost savings.
Many Canadian provinces offer rebates and incentives for energy efficiency upgrades in addition to solar incentives.
Working with a certified solar contractor who is also knowledgeable about energy efficiency upgrades can help you identify the best ways to improve your home’s energy efficiency and take advantage of all available rebates and incentives.
By making a comprehensive plan to improve your home’s energy efficiency, you can maximize your cost savings and reduce your carbon footprint.
Final Word
In conclusion, various rebates and incentives are available to Canadians who choose to install solar systems in their homes or businesses. To maximize your solar savings, it is essential to work with a certified solar contractor who can help you navigate the requirements and guidelines for these incentives.
In addition to solar incentives, it is important to research and take advantage of any energy efficiency rebates and incentives available in your province. By making a comprehensive plan to improve your home’s energy efficiency and install a solar system, you can reduce your carbon footprint, save money on electricity bills, and potentially increase the value of your property.
About Sundawg Solar
Sundawg Solar is a Saskatchewan-based renewable energy provider. Off-grid solar power systems are among the many solar systems we offer. We are committed to upholding environmental purity and protecting it for future generations. Learn more about Sundawg Solar.
Looking for experienced solar panel installers? Contact us today.
