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The Canada Greener Homes Loan offers interest-free financing to help Canadians make their homes more energy efficient and comfortable. The loan can help you finance eligible retrofits that are recommended by an energy advisor and that have not yet been started.

• Maximum: $40,000
• Minimum: $5,000
• Repayment term: 10 years, interest-free
• Loan type: Unsecured personal loan on approved credit
• A maximum of one loan is available per eligible property and homeowner.
• The maximum eligible loan amount is calculated based on the retrofits selected in the application and the quotes for this work. The eligible amount is capped based on industry standards and market norms. The maximum eligible loan amount may be less than your quoted cost, in which case you will be responsible for funding any difference.
• Once approved, a portion of the loan can be delivered up front to assist in paying any deposits required by your contractor. The balance of the loan will be delivered after the retrofits have been completed and verified through a post-retrofit evaluation.

More information can be found here: Canada Greener Homes Loan

Save up to $10,000 on eligible solar panels and battery storage. As of July 23, 2024, BC Hydro is offering rebates up to $5,000 on eligible grid-connected solar panels and up to an additional $5,000 for battery storage systems to qualifying residential customers. You can install solar panels or a battery, or both to maximize the value of your project and your rebate.

For commercial customers connected to BC Hydro, you are eligible for a $25,000 rebate on the cost of your solar system. Combined with the Federal 30% Refundable tax credit, significant savings can be achieved drastically reducing the payback period for a solar installation.

This rebate is offered exclusively to BC Hydro customers and is a post installation rebate available once an installation is completed and given final approval for Self Generation through BC Hydro.

More information can be found here: BC Hydro Rebates for Solar Panels And Battery Storage.

Canada's Clean Technology Investment Tax Credit (ITC) offers a 30% refundable tax credit for commercial solar installations.

The credit is available for investments made between March 28, 2023 and December 31, 2033. The business must own the solar project and install it during the tax year in which the credit is claimed. There is no limit on the size of the project, the larger the system, the larger the savings.

Solar already has immense benefits by itself. With the addition of the federal ITC, business owners can lower their payback period for even faster savings. Another great benefit is having the ability to stack the tax credit with available rebates or funds in your area. Many provinces are working on promoting the adoption of renewable energy in their own way, offering loans and funds for your potential solar project. Use the ITC together with another incentive to lower the initial upfront cost. Depending on what your province or city offers, you could cut down your payback period to just 5 years!

The ITC can be combined with other financial incentives, such as:

• The Capital Cost Allowance (CCA), which allows a 75% write-off of solar project costs in the first year.
• BC Hydro rebates, which can be up to $25,000
• Utility company solar programs, including Net Metering.

More information can be found here: Clean Technology Investment Tax Credit

British Columbians can take advantage of a PST exemption for the installation of a complete solar system. This applies to all customers if they install a complete solar installation including panels, racking, wiring systems and inverters. This is available to both residential, and commercial installations.

More information can be found here: PST Rebates