Share this great resource
Solar Tax Credits, Incentives and Solar Rebates in Saskatchewan
Latest Update:by Simone Garneau
|Solar Value Index||$848|
|Solar Energy Produced||5,899 kWh / year|
|Average retail electricity price (2016 data)||14.37 cents / kWh|
|Average annual consumption per household (2014 data)||8,880 kWh|
|Installed solar PV capacity (2014 data)||3.5 MW|
|Levelized Cost||13.05 cents / kWh|
|Reached grid parity?||Yes|
|Solar Installer||City||Sunmetrix Solar Score||Sunmetrix Cashback|
The prairies have the greatest solar energy potential in all of Canada, yet the number of solar producers in Saskatchewan is still very small. However, with falling installation costs and the Net Metering Rebate available to SaskPower, Saskatoon Light & Power and City of Swift Current electricity customers, in effect until the end of November 2018, the number of rooftop installations is expected to rise.
At 14.37 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 8,880 kWh per year, below the national average of 13,300 kWh.
Saskatchewan 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.
- Solar or Wind-powered Water Pump Grant for Farms
Solar or wind-powered water pumps can offer an economical, safe, reliable and environmentally friendly alternative to bringing power lines to remote wells, dug-outs or streams. SaskPower offers a grant of 50 per cent of costs above $500, to a maximum of $500, toward the purchase and installation of a complete solar or wind-powered water pumping system for farm livestock watering facilities.
- Small Power Producers Program
The Small Power Producers Program accommodates individual customers who wish to generate up to 100 kilowatts (kW) of electricity for the purpose of offsetting power that would otherwise be purchased from SaskPower or for selling all of the power generated to SaskPower. To learn the price that we will pay for electricity, please visit the program website. Purchase rates do not differ between eligible generation technologies. All contracts will be honoured in accordance with the pricing regime in the signed contract, even if the program is discontinued. Electricity banking services are not provided under this policy (see our Net Metering Program if you'd like to bank electricity).
- Net Metering Rebate
As part of our Net Metering Program, we're offering a one-time rebate, equivalent to 20 per cent of eligible costs to a maximum payment of $20,000, for an approved and grid interconnected net metering project. The Net Metering Rebate is available to SaskPower, Saskatoon Light & Power and City of Swift Current electricity customers until November 30, 2018.
- Net Metering Program
The Net Metering Program offers residents the opportunity to generate their own power through the use of renewable energy technology. Residents, farms and businesses with approved environmentally preferred technologies of up to 100 kilowatts (kW) of nominal (nameplate) generating capacity can deliver their excess electricity to the electrical grid. Electricity sent to the grid 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.
- 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.
Spread the solar goodness: please share this guide with your friends and family.
Share this great resource
Sunmetrix is a Canadian winner of the business innovation contest organized by the U.S. Department of Energy
- We will find you up to 3 installers in your area to provide free, no-obligation quotes.
- See their consumer reviews and compare cashback deals - up to $500.
- Select your solar company, complete your installation, and we will send you cashback, with a smile!
Your website is excellent. It provides great information and advice.
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.