As we look toward a more sustainable future, the latest report from the International Energy Agency (IEA) reveals exciting developments in the renewable energy sector. By the end of the decade, renewable energy sources are projected to meet nearly half of global electricity demand. This significant growth represents a transformative shift…
You’ve invested in a solar system, excited about the prospect of clean energy independence and lower electricity bills. But lately, your excitement has dimmed a bit. The reason? Your solar batteries seem to be draining faster than you expected. The good news is that there are several reasons why this might…
Are you tired of feeling like you’re being held hostage by your energy bills? Do you dream of a world where you can power your home without breaking the bank? You’re not alone! With the rising cost of energy and the growing concern about climate change, it’s no wonder that more…
The Clean Technology Investment Tax Credit (ITC) is a government initiative aimed at promoting the adoption and operation of clean technology in Canada. This tax credit is available to taxable Canadian corporations, investing in clean energy property. Under the Clean Technology ITC, investors can receive a 30% refundable tax credit for…
In today’s world, businesses are increasingly looking for sustainable solutions to reduce their carbon footprint and save on energy costs. One such solution that is gaining popularity is solar energy. Switching to solar power not only benefits the environment but also makes good business sense. Here’s why you should consider making…
Recently, the Canadian government proposed five new refundable investment tax credits (ITCs) to boost the country’s clean economy and attract investment in clean energy projects. This is in response to a growing emphasis on transitioning to renewable energy sources to combat climate change and reduce our carbon footprint. These tax credits…
The Clean Technology ITC will provide a refundable investment tax credit (ITC) of up to 30% on eligible clean technology property acquired and available for use after March 27, 2023. The credit will be reduced to 15% in 2034 and fully phased out after 2034. Source Link: https://www.canada.ca/en/revenue-agency/services/scientific-research-experimental-development-tax-incentive-program/sred-claim/investment-tax-credit.html
The Canada Greener Homes Grant provides homeowners with up to $5,000 in federal grants for energy-efficient home upgrades. Before initiating upgrades, an energy audit might be recommended or required. Only certified contractors may be eligible to perform the work, aiming not just for individual savings but also for a broader goal…
The Canada Greener Homes Loan provides interest-free financing to Canadians for energy-efficient home improvements. The loan covers eligible retrofits recommended by an energy advisor, but work should not commence before the loan application is submitted. Retrofits begun prior to application submission won’t qualify. The loan offers a maximum of $40,000 and…
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