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Solar Tax Credits, Incentives and Solar Rebates in Nova Scotia
Latest Update:by Simone Garneau
|Solar Value Index||$866|
|Solar Energy Produced||5,454 kWh / year|
|Average retail electricity price (2016 data)||15.88 cents / kWh|
|Average annual consumption per household (2014 data)||11,160 kWh|
|Installed solar PV capacity (2014 data)||0.6 MW|
|Levelized Cost||14.12 cents / kWh|
|Reached grid parity?||Yes|
|Solar Installer||City||Sunmetrix Solar Score||Sunmetrix Cashback|
|EnCom Alternative Energy||Dartmouth||$250|
|Aztek Solar Ltd||Fall River||$250|
Nova Scotians pay among the highest retail electricity prices in the country. While wind energy has been well supported in the province, solar energy has been less promoted. Fortunately, the province is taking steps to reduce its reliance on coal and setting a renewable energy target of 40% by 2020. Some assessments estimate the solar electric potential for Nova Scotia to be on the order of 50 megawatts. This spells good news for solar out east!
At 15.88 cents/ kWh, the electricity prices in the province are above the national average of 12.2 cents / kWh. When it comes to average electricity consumption per household, residents of this province consume 11,160 kWh per year, below the national average of 13,300 kWh.
Nova Scotia is a grid parity province, making solar power cheaper than the residential utility rates. The incentives listed below can significantly reduce the cost of installation of solar panels for your home or business.
Financial IncentivesUnfortunately, there are no provincial financial incentives in Nova Scotia.
- Enhanced Net Metering
Nova Scotians can install a source of renewable energy such as a wind turbine or set of solar panels - or even a small hydro or biomass generator - to help power their home or business. If your generating unit (max size 1 MW) produces more energy than you use at any one time, the extra electricity will flow onto the local grid for others to use. On the other hand, if your generator isn't producing as much as you need, you can still draw from the grid to make up the difference. When you become a net metering customer, we'll install a bi-directional electricity meter to monitor and record the flow of electricity to and from your home or business. If at the end of billing period you've produced more energy than you've used, you'll receive a credit on your next bill. If at the end of a year you've still produced more electricity than you've used, we'll provide a cash payment for the surplus energy that has not already been applied to your power bill at a rate equal to the cost of energy from the grid.
- Unfortunately, there are no federal incentives for residential solar PV projects in Canada. However, if you own a business, the following programs may be applicable.
- Capital Cost Allowance (CCA) Renewable Energy
The Government of Canada makes clean energy projects, such as solar energy, wind energy and energy from waste, more fiscally attractive for industry by providing business income tax incentives. Under Classes 43.1 and 43.2 in Schedule II of the Income Tax Regulations, certain capital costs of systems that produce energy by using renewable energy sources or fuels from waste, or conserve energy by using fuel more efficiently are eligible for accelerated capital cost allowance. Under Class 43.1, eligible equipment may be written-off at 30 percent per year on a declining balance basis. In general, equipment that is eligible for Class 43.1 but is acquired after February 22, 2005 and before year 2020 may be written-off at 50 percent per year on a declining balance basis under Class 43.2.
- 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.
- Average monthly electricity consumption data is from the Canadian Electricity Association (2014 data).
- Average retail electricity prices are based on studies published by Manitoba Hydro and the annual Hydro Quebec report "Comparison of Electricity Prices in Major North American Cities" and is based on 1,000 kWh/month consumption.
- Annual solar production estimates are based on the analysis performed using our own solar energy calculator, Sunmetrix Discover.
- Installed solar PV capacity figures are from Natural Resources Canada's report entitled "Photovoltaic Technology Status and Prospects: Canadian Annual Report (2015)".
- The national average for utility rates in Canada excludes the rates in Northwest Territories and Nunavut.
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1. Defined Terms.
a. Program Website: http://sunmetrix.com/
b. INSTALLER: The solar PV installation company either selected by the QUOTE-REQUESTER or by Sunmetrix.
c. QUOTE-REQUESTER is a potential residential solar customer that meets all of the following criteria: (1) owns his or her own house in a state/province where the INSTALLER operates; (2) is a legal resident of the United States or Canada; (3) is 18 years of age or older; and (4) otherwise meets Sunmetrix’s requirements, as may be updated by Sunmetrix from time to time.
d. REFERRAL FEE: The amount the INSTALLER agrees to pay Sunmetrix upon completion of the residential INSTALLATION. For U.S. companies, the indicated amount is in U.S. dollars. For Canadian companies, the indicated amount is in Canadian dollars. In the case of commercial solar quote requests, the referral fee is determined on case by case basis.
e. CASH-BACK: The amount paid to the QUOTE-REQUESTER, representing 50% of the REFERRAL FEE paid upon completion of the residential solar photo-voltaic INSTALLATION. For U.S. residents, the indicated CASH-BACK amount is in U.S. dollars, and the CASH-BACK will be sent electronically either with a PayPal Payment or with an Amazon eGift Card. For Canadian residents, the indicated CASH-BACK amount is in Canadian dollars, and the CASH-BACK will be sent electronically with an Interac e-Transfer.
f. INSTALLATION: The solar photo-voltaic INSTALLATION is for a residential system with a minimum installed capacity of 2 kW DC. Systems that are less than the minimum will not qualify for the CASH-BACK program.