Federal Consumer Incentives
ecoENERGY for Renewable Heat
The ecoENERGY for Renewable Heat program runs from April 1, 2007 to March 31, 2011. Incentives are offered to industrial/commercial/institutional (ICI) sector to install active energy-efficient solar air and/or water heating systems.
The program’s maximum payment for ICI sector solar hot water projects is up to $400,000.
For more information on this Federal program visit NRCan (http://ecoaction.gc.ca/ecoenergy-ecoenergie/heat-chauffage/index-eng.cfm)
ecoENERGY for Renewable Power
This program provides a 1 cent/kWh incentive for up to 10 years to eligible low-impact, renewable electricity projects constructed over the next four years - April 1, 2007 to March 31, 2011.
For more information on this Federal program visit NRCan (http://ecoaction.gc.ca/ecoenergy-ecoenergie/power-electricite/index-eng.cfm).
This program provides grants to homeowners and financial incentives to small and medium-sized businesses, industry and public institutions to help them invest in energy and pollution-saving upgrades.
For more information on solar incentives for residential homes visit the NRCan Office of Energy Efficiency (http://oee.nrcan.gc.ca/residential/personal/retrofit-homes/retrofit-qualify-grant.cfm?attr=4)
For more information on other ecoENERGY Retrofit programs visit NRCan Office of Energy Efficiency (http://oee.nrcan.gc.ca/corporate/retrofit-summary.cfm?attr=0)
Message from Natural Resources Canada: Solar Grants from ecoENERGY Retrofit – Homes Program [PDF]
Class 43 Accelerated Capital Cost Allowance and Canadian Renewable and Conservation Expenses
A 50% accelerated CCA is provided under Class 43.2 of Schedule II to the Income Tax Regulations for specified clean energy generation equipment. Eligible equipment includes solar thermal, solar air and solar photovoltaic equipment while project size restrictions have been eliminated.
Class 43.2 was introduced in 2005 and is currently available for assets acquired on or after February 23, 2005 and before 2012. For assets acquired before February 23, 2005, accelerated CCA is provided under Class 43.1 is 30%.
For more information visit the NRCan Office of Energy Efficiency (http://oee.nrcan.gc.ca/industrial/financial-assistance/tax-incentives.cfm?attr=24) and Finance Canada (http://www.budget.gc.ca/2007/plan/bpa5a-eng.html).