Many solar power systems in Alberta provide power and energy resiliency on private property. For years, homeowners have taken advantage of incentives and opportunities that made it simpler to access this technology. Still, business owners could also benefit from a solar installation in Calgary. With the right team on your side, you can explore options that better align with a commercial business’s energy consumption requirements.
The Canadian government may also enact new tax credits and incentives in the coming years. These credits could create a valuable opportunity for companies to offset some of the costs involved in an initial solar investment. Let’s explore why you should consider transitioning to solar energy sources, the options, and the credits you might qualify for if enacted.
What Are the Benefits of Using Solar Power for Business?
For businesses, there are just as many perks to using solar power as for homeowners. Combined with a commercial-level battery storage system, you could significantly impact your annual energy consumption from the grid. Other benefits include:
- The potential for considerable reductions in your electric bills, which in turn contributes to better operational efficiency.
- Using a system that ultimately pays for itself by reducing costs and keeping them down over the long term.
- The opportunity to demonstrate a commitment to sustainability and green practices, which can contribute to strengthening your brand.
- Future-proof your business model against potential spikes in power prices.
Accessing Potential Tax Incentives From the Government
As of 2024, the Canadian government is considering several Investment Tax Credits (ITCs). These ITCs will aim to foster expanded investments in solar power systems in Alberta by helping property owners offset the initial costs of setting up the system. Several of these ITCs, if put into effect, could provide valuable opportunities for business owners. Some examples include:
- The proposed Clean Technology ITC helps defray investment costs of clean technology property. This includes solar panels. The proposed credit would apply to up to 30% of the investment in such property until 2034, after which it will drop to 15%.
- The Clean Electricity ITC. This credit would run until 2034 and refund up to 15% of clean energy project investments.
These and other ITCs under consideration could significantly impact the affordability and feasibility of your commercial solar installation in Calgary.
Working With a Team That Understands Your Needs
If new credits go into effect, businesses should seek to make the most efficient use of them. The right provider makes a difference in this area. With support from Tenet, your business can engage with a highly experienced team that understands the unique nuances that influence solar system selections.
From our first visit to your site, we keep your needs, preferences, and budget in mind. We carefully analyze your property to understand how best to place and position your panels. Rooftop solar works optimally when designed to maximize sunlight collection based on shading and sun angles. We make it possible to find the answers in time to keep your project on target.
Take Your First Steps Towards Solar Power Today
Partnering with Tenet provides a clear path towards a reliable solar installation in Calgary. By making your business more energy-independent, you can improve the sustainability of your operations while reducing the footprint of your impact. Long-term cost savings have a positive bottom-line impact to consider, too. To learn more about available solar power systems in Alberta and what incentives you can claim, connect with us today. Â
