Solar Incentives in Canada: A Guide for Homeowners, Business Owners, and Farmers

Homeowners

Federal Incentives

Canada Greener Homes Loan

• What It Is: An interest-free loan of up to $40,000 with a repayment term of 10 years.
• Eligibility: Canadian homeowners.
• How to Apply: Details can be found on the official Canada Greener Homes website.

Business Owners & Farmers

Federal Incentives

Accelerated Capital Cost Allowance (ACCA)

• What It Is: A program that allows businesses and farms to write off the full cost of solar energy equipment in the year it is used.
• Eligibility: Businesses and farms operating in Canada.
• How to Apply: File your claim through your corporate income tax return.

Clean Technology Investment Tax Credit (ITC)

• What It Is: A refundable investment tax credit of up to 30% for solar and battery storage investments.
• Eligibility: Canadian businesses and farms.
• Future Changes: Credit will be reduced to 15% in 2034 and phased out afterward.
• How to Apply: File your claim through your corporate income tax return.

Switching to Solar Is Easy

Choosing solar energy is not just an environmentally responsible choice; it’s a financially wise one too. Whether you're a homeowner, a business owner, or a farmer, a range of incentives are available to reduce your initial outlay and boost your ROI.