How To Take Advantage Of The Solar Rebates And Incentives In Your Province
March 24, 2023
Solar panel installation has become quite popular in both commercial and residential properties. The primary reason behind switching to renewable energy, such as solar energy, is to minimize the dependence on non-renewable energy sources and, most importantly, lower your energy bills.
Nevertheless, the initial cost of installing a full-fledged solar power system itself can be an expensive and difficult procedure for many people. In such a situation, a solar power company with vast experience and knowledge of the solar power industry can help you take advantage of the available solar rebates and incentives in your province.
The Importance Of Solar Incentives
Solar energy is a clean and renewable energy source capable of powering even the most large-scale properties and commercial buildings. Moreover, solar power systems require minimal maintenance and can last for a long time. Hence, once you make a first-time investment in installing solar panels, you can reap the benefits for a long time.
This is where the importance of solar rebates and incentives comes into play. These incentives are meant to facilitate homeowners and business owners in switching to solar energy without breaking the bank.
The importance of solar incentives can also be judged by the fact that they are offered at various levels, including federal and provincial, as well as by specific utility companies. The end goal of all of these incentives is to encourage consumers to install solar panels and switch to renewable energy.
Popular Solar Incentives
At the provincial level, the Saskatchewan government is offering various rebate programs and solar incentives. Some of them are:
1. Net Metering Program: This is the most popular solar incentive program among people who want to go solar in Saskatchewan. Under the net metering program of Saskatchewan, you can supply solar generated-electricity back to the utility company (SaskPower) and significantly reduce your energy bills. It is possible because when you produce more power than you require, the energy will flow back to SaskPower’s electricity grid. Due to Saskatchewan being the sunniest place in Canada, there are very high chances of producing excessive power and getting significant credits from SaskPower. In this way, homeowners can reduce or even completely offset their electricity usage.
2. Solar or Wind-Powered Pump Grant: This grant is specially meant for remote areas where you want to install a solar or wind-powered pump. It covers the 50% cost of up to $500. Keep in mind, as per the conditions of this grant, you must buy the solar panel and pump from a Saskatchewan-based supplier.
3. Accelerated Capital Cost Allowance (ACCA): The primary goal of this program is to support the efforts of Canadian electric utility companies in achieving their 2030 and 2050 greenhouse gas reduction targets. Investor-owned electrical companies, specifically, are given tax incentives under the ACCA program to invest in clean energy technologies for eligible properties.
Other than the provincial solar incentives, the federal government of Canada also offers numerous incentives, such as the Canada Greener Homes Grant and Capital Cost Allowance (CCA) For Clean Energy Projects.
Keeping Up With The Solar Incentives
Rules and regulations related to these solar incentives change from time to time. Moreover, keeping up with the latest incentives can be difficult, especially when you are not familiar with where to look. So, let’s explore how exactly you can find such solar incentives.
1. Official Sources
When it comes to getting up-to-date information about any solar incentive or tax rebate program, the best way to do it is through the official websites. Federal and provincial governments of Canada have their own websites, so you can visit them from time to time to get relevant information.
Moreover, utility power companies, such as SaskPower in Saskatchewan, also provide information related to incentives under their domain, like the net metering program. Therefore, you will find such official sources to be beneficial.
2. Online Searches
Another quick and easy way to find solar incentives is to do online searches. You can simply type the relevant queries, like “solar incentives in Saskawatchen,” and see the top results. However, keep in mind that some of the information provided by third-party sources can be outdated as well.
3. Rely On Solar Panel Contractors
The best and most effective way to benefit from the solar incentives available to you in your province is to rely on the experts. Professional solar panel contractors have a thorough understanding of the incentives available in your province and can guide you through the process to maximize your chances of getting the incentive.
About Sundawg Solar
Sundawg Solar is a reliable Saskatchewan-based renewable energy company. Our team of professional solar panel contractors has a lot of experience in installing different types of solar systems, including commercial, residential, and off-grid solar power systems.
Looking to have solar panels installed on your roof contact us today.