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Latest Update: December 2018
Continuous reductions in PV system costs and a handful of provincial incentive programs are slowly, but surely, changing Canada's residential electricity landscape. Motivated by environmental as well as financial reasons, more and more Canadians are switching to solar power.
With its generous rates, Ontario's feed-in-tariff program created a solar boom in this province. Currently, the vast majority of installed solar capacity in Canada is located in Ontario. However, Ontario's MicroFIT program is no longer considering applications, so homeowners that install solar panels will now be part of the province's net metering program. In Canada's other provinces and territories interest in solar energy is growing, in part as a result of new incentive programs that are designed to stimulate the demand for solar power.
Unfortunately, Canada does not have a federal tax credit for solar energy. In our opinion, a program modeled on the U.S. Federal Investment Tax Credit can be particularly effective, sending a clear message to Canadian consumers. In Canada, available incentives programs are mostly at the provincial/territorial level with a few local/municipal programs. These financial incentives and regulatory programs can significantly improve the financial feasibility of installing solar panels for your home, cottage or business. For more information on how to pay for your solar panels in Canada, click here.
Click on your province/territory to get details on incentive programs and see if solar power can save you money.
Residents of the Northwest Territories may face a considerable amount of darkness in the winter months, but the long days of summer mean that solar energy can still be a useful source of power, one that reduces the dependency on diesel engines. Not only is diesel expensive, but it also pollutes. Solar power provides an alternative and environmentally-friendly source of power during the summer months. With new incentives promoting clean energy, the Northwest Territories has seen a surge in the number of solar PV systems.