TORONTO, ON, NOV 29, 2018 – Earlier today the Government of Ontario released a Made-in-Ontario Environment Plan that will help drive significant investment in Canada's clean technology sector. The plan will support and maintain Ontario’s renewable energy cost-competitiveness and create jobs in the skilled trades. Solar energy is a core part of this plan – encouraging businesses across Ontario to invest in clean technology to stay competitive and reduce their emissions and energy bills.
Ontario’s decision to parallel recently announced federal changes to tax policy and depreciation for clean energy equipment will enable businesses to defer income to later years, supporting investments in technologies that produce clean energy or that displace fossil fuels. The government will also create The Carbon Trust, incenting private sector investment in solar energy, battery storage, electric vehicle charging infrastructure, and other clean technology solutions.
“The benefits of this plan will span far beyond just the businesses that are investing in solar, they will extend throughout our entire economy and will create skilled trades jobs.” remarked CanSIA’s President & CEO, John Gorman. “Today’s announcement is an endorsement of Ontario’s solar industry, supporting a clean growth strategy that lets businesses that reduce their greenhouse gas emissions become more competitive,”
Ontario is taking a major step forward today in supporting businesses that invest in clean technology and lower energy bills. Ontario’s solar industry continues to urge the government to go further – cutting the red tape that is preventing individual homeowners from accessing third-party financing to install solar on their rooftops. With no subsidy from government, these changes empower families and homeowners to lower their energy bills and will create thousands of new jobs in the skilled trades.
The entire Made-in-Ontario Environment Plan can be read here.
To learn more about solar energy and the best way for consumers to go solar, please visit the Canadian Solar Industries Association at www.CanSIA.ca.
The Canadian Solar Industries Association (CanSIA) is a national trade association that represents the solar energy industry throughout Canada. CanSIA’s vision for Canada’s solar energy industry is for solar electricity to be a mainstream energy source and an integral part of Canada’s diversified electricity mix by 2020, operating in a supportive and stable policy and regulatory environment within a similar time frame. Follow CanSIA on Twitter and Facebook.
Media contact: Isabel Payne / firstname.lastname@example.org