The Canada Greener Homes Grant
For homeowners that make their house more energy-efficient, there is a grant of $5,000 available for them. First of all, you need to get an energy audit to identify the areas of improvement. During this audit, you need to inform the auditor of your project to add solar pannel to your house. Then, go on with your projecty if everything is approved. There is also a $600 that is available to cover the costs of energy audits.
Learn more here
The Canada Greener Homes Loan
There is more: the federal government also offers and interest-free loan for energy efficiency upgrades up to $40,000 for 10 years and 0% interest.
First, you need to make sure you are eligible: you must be a Canadian homeowner and your home must be the primary residence, you have a completed pre-retrofit evaluation of your home after April 1, 2020 and you must have a good credit history.
To begin the work in your home, a portin of the loan can be delivered up front and the balance after the completion of the work.
Learn more here
What is the difference between the grant and the loan
Net Metering: Power Up Your Savings
Imagine this: you generate your own clean energy and get rewarded for it! Yes, folks, dreams can come true! Say hello to net metering, the magical billing system that turns your excess energy into credits on your utility bills. You need to know that it can be different depends on the province you live in.
How does it work?
Net metering allows a homeowner to generate electricity for its house, using solar pannels or other systems, and sell the excess power to the electric company. The seller can get financial compensation or credits depending on the province you live in. The cost of installation of solar panels is assumed by the homeowner
Here some advantages of net metering:
- Economical and low maintenance;
- Remove pressure from the grid;
- Extra money.
Here to see what incentives are available for each province.
Canada’s Investment Tax Credit (ITC): for Canadian businesses
Calling the business owners with a burning passion for renewable energy! The Canada's Investment Tax Credit is a refundable incentive that goes up to 30% of the cost of capital investment to encourage businesses to transition to clean energy.
Check here if you are eligible to claim this tax credit.
The Green Path to a Sustainable Future
In conclusion, my eco-warriors, the Canadian government is pulling out all the stops to make renewable energy a no-brainer for homeowners or business owners across the country. By embracing these mind-boggling tax incentives, you'll not only save money on energy bills but also become a certified planet-saving superhero. It's time to unleash the power of renewable energy, reduce your carbon footprint, and show Mother Nature some much-deserved love.
So, my green-minded comrades, don't let these awe-inspiring tax incentives pass you by. Seize the opportunity to transform your home into an eco-friendly haven while enjoying the perks of saving money. Together, we can make a difference and pave the way for a brighter, cleaner, and hilariously awesome future.
Looking to take advantage of government incentives? Visit our website