Rebates & Incentives

SaskPower, Saskatoon Light & Power and City of Swift Current electricity customers are all eligible to receive a one-time rebate, equivalent to 20 per cent of the eligible costs of a solar power system to a maximum payment of $20,000, until November 30, 2018.

Net Metering Incentive

Electricity sent to the grid from the unused solar power your system generates is banked and applied to your current month’s electricity consumption. Any excess electricity is carried over to the following month and applied against that month’s consumption. A credit appears on your monthly bill showing the net amount of electricity that has been banked. Your excess power should be used within the year; if not, at the end of 12 months on your net metering anniversary date, any credits you may have for excess electricity sent to the grid will reset to zero.

If you want to produce more power than you consume over the calendar year and sell it to SaskPower, consider the Small Power Producers Program.

Small Power Producers Program Incentive

The Small Power Producers Program accommodates individual customers who wish to generate electricity for the purpose of offsetting power costs that would otherwise be purchased from SaskPower, or for selling all of the power generated to SaskPower.

You will need to choose to either sell all of the power you produce to SaskPower; or sell the excess of what you do not use.

Capital Cost Allowance Incentive

We think the information below is very important and could save you money, but it’s boring and we didn’t write it.

CCA classes 43.1 and 43.2 of the regulations (the Regulations) under the Income Tax Act (the Act) provide enhanced CCA rates for various renewable asset properties.  Certain assets of a qualifying wind energy conversion system or photovoltaic system (solar) that are included in class 43.1 will be entitled to an accelerated CCA rate of 30% per year.  Such assets that are acquired after February 22, 2005 and before 2020 and that would otherwise be included in Class 43.1 are included in class 43.2, which have a CCA rate of 50%.  Hence, all would now be 43.2 assets, which has a CCA rate of 50%.

Subject to certain exceptions, Class 43.1 includes fixed location photovoltaic equipment that is used for the purpose of generating electrical energy from solar energy consisting of solar cells or modules and related equipment including inverters, control, conditioning and battery storage equipment, support structures and transmission equipment.

              

There are certain limitations that apply in determining the amount of CCA that may be deducted in any given taxation year.  By virtue of the “available for use rules” in the Act, CCA for a Class 43.1 or 43.2 property that has been acquired and which is not considered available for use at the end of a taxation year may be restricted until such time as the property is available for use. 

In addition, property that becomes available for use in the year is subject to the “half-year” rule found in the Regulations, whereby only 50% of the normal CCA deduction is permitted in the year an asset becomes available for use. Finally, CCA is prorated in circumstances in which the taxpayer’s taxation year is less than 365 days.

* Consult a tax advisor to assess your eligibility.

Great for the Bottom Line,

Great for the Planet.

Try our solar estimator to see how much you could save with solar. Sunroof Solar can also provide you with a detailed solar site assessment and price quote. Let us help you invest in your energy future.