Saskatchewan Solar Power Incentives, Rebates and Programs
There has never been a better time to switch to a renewable energy source than now. With the Saskatchewan solar power incentives offered through SaskPower, there are four great ways to partake in the Saskatchewan solar rebates.
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Net Metering Program
SaskPower’s Net metering program allows electricity sent to your grid to be banked and applied to your electricity consumption bill, any excess electricity will carry over monthly as a credit for up to 36 months before resetting to zero.
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Net Metering Rebate
SaskPower provides a one-time rebate equivalent to 20% of eligible costs, up to a maximum of $20,000 for a new approved grid interconnected net metering project.
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Small Power Producers Program
SaskPower customers who wish to generate up to 100 kilowatts (kW) of electricity with the purpose of offsetting power consumption instead of purchasing, also have the option to sell all the power generated back to Saskpower.
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Solar Water Pump Grant
SaskPower offers a grant for 50% of costs above $500, to a maximum of $500, towards the purchase and installation of a solar water pumping system for farm livestock
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Power Generation Partner Program
For projects between 100 kW and 1 MW where the interest is to sell the power generated using solar as an asset please click here.
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Unfortunately there are no federal incentives for residential solar installations. However if you own a business the following programs may apply to you.
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Capital Cost Allowance (CCA) Renewable Energy
The government of Canada makes clean energy projects, such as solar energy, more fiscally attractive for the industry by providing business income tax incentives. The capital cost allowance allows businesses to write off clean energy investments over a period of years.
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Canadian Renewable and Conservation Expenses (CRCE)
CRCE is designed to encourage commercial investments in clean energy generation and energy conservation projects by providing income tax incentives for certain start-up expenses associated with these projects.
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To learn more about both CCA and CRCE click here.
In addition to the Saskatchewan solar power incentives offered through our partnership with SaskPower, the Canadian federal government offers two solar incentives for those who are committed to, or on their way to, providing sustainable energy. The Capital Cost Allowance Renewable Energy (CCA) falls under two classes in the income tax regulations—certain capital costs of renewable systems are eligible for accelerated capital cost allowance. The second incentive, Canadian Renewable and Conservation Expenses (CRCE) specifically targets new commercial projects by providing certain start-up costs with income tax incentives.