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Solar Tax Credits, Incentives and Solar Rebates in Yukon
Latest Update:by Simone Garneau
|Solar Value Index||$633|
|Solar Energy Produced||4,953 kWh / year|
|Average retail electricity price (2016 data)||12.77 cents / kWh|
|Average annual consumption per household (2014 data)||12,660 kWh|
|Installed solar PV capacity (2014 data)||0.03 MW|
|Levelized Cost||15.55 cents / kWh|
|Reached grid parity?||Not yet|
|Solar Installer||City||Sunmetrix Solar Score||Sunmetrix Cashback|
The Yukon Territory may be quite far north, but it receives close to the same amount of sunshine annually as many regions of Canada, albeit with greater seasonal variation. As such, the territorial government has implementing some significant incentive programs for solar energy. With the Micro-generation Program paying for surplus electricity at a premium rate, solar electricity is looking better than ever in this part of the North.
At 12.77 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 12,660 kWh per year, below the national average of 13,300 kWh.
Although the cost of solar power in the province didn't reach grid parity yet, the incentives listed below can significantly increase the affordability of solar energy.
- Micro-Generation Program
Micro-generation refers to small-scale generation of electric power. It can be used to supplement power from the grid or as an alternative source of energy. Where system size allows, surplus generation is exported to the grid for annual reimbursement. Rates are as follows: $0.21 per kWh for Yukon's Integrated (Hydro) System and $0.30 per kWh for Communities powered by diesel.
- Rural Electrification and Telecommunications Program
The Rural Electrification and Telecommunications Program offers rural Yukoners an affordable and convenient way to have electrical or telephone service extended to their home where it might not otherwise be practical or possible. Eligible projects include single-site connections, group-installations, and alternate energy systems for private use. Not applicable to properties within Carmacks, Dawson City, Faro, Haines Junction, Mayo, Teslin, Watson Lake and Whitehorse.
- Good Energy Residential Incentives Program
The new program offers an incentive to reduce the capital costs of installing smaller-scale, residential renewable energy system to generate electricity. This includes solar, wind, hydro, biomass or geothermal energy systems. The program offers 20% of pre-tax material costs up to $5,000 with a maximum of one micro-generation installation per residential electrical meter per fiscal year.
- Micro-generation Program
Yukoners will be able to offset their electrical consumption by connecting renewable energy technologies to their homes or businesses while remaining connected to Yukon's electrical distribution system. Any excess energy produced by their renewable energy systems and not used within the building can be exported to the grid for compensation. Systems over 5 kilowatts require pre-approval through the Energy Solutions Centre. To learn the rate of reimbursement, please consult the program website.
- 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.