Solar Panels Ontario Government Program 2017

Fit program feed in tariff program.

Solar panels ontario government program 2017.

Thanks to accelerated depreciation businesses can write off the value of their solar energy system through the modified accelerated cost recovery system macrs which reduces businesses tax burden and accelerates returns on solar investments qualified solar energy equipment is eligible for a cost recovery period of five years. With share solar there are 3 options to go solar. Federal government incentives are given in the form of tax credits. These include wind waterpower renewable biomass bio gas landfill gas and solar photovoltaic solar pv for electricity generating projects in ontario.

This information is outdated. Getting government tax credits. The ontario government is taking steps to promote the development and use of renewable energy. Ontario to transition to a new solar rebate program.

Other incentives for solar accelerated depreciation. If you are interested in generating electricity from renewable resources and wish to either sell this energy or to earn credits toward your energy bill the government has in the past few years introduced several separate initiatives. Free solar panels ontario aka the share solar program our installer polaron solartech offers a unique program where you can go solar at no cost. New information will be posted shortly.

In addition the ontario government is now considering a new incentive program to help home and business owners install solar panels on their rooftops. The 2017 ontario long term energy plan expressed a commitment to supporting the transition to net metering as a replacement to the fit program. Why is the ontario government paying for solar. The current program in the united states will give you a 30 credit for 2019 and 26 for 2020 of the installation cost of your solar power system.

It s a 20 year program called microfit organized by the ontario government to help ontario produce more green energy and limit the number of brownouts in ontario in the future. This program is called share solar but is also known as the ontario free solar program to most people. Program closed the green ontario fund will offer rebates for solar pv and energy storage systems to help ontario homeowners and businesses use renewable electricity and reduce their greenhouse gas emissions. By getting solar panels on your home s roof you are able to get paid a lucrative incentive for feeding solar electricity back into the grid.