Province launches solar rebates – but, can average Albertan afford installation?
EDMONTON – The province chose the first day of summer to shine a light on its new solar panel rebate program.
Wednesday’s announcement outlined a plan to offer homeowners 30 per cent off solar panel installation costs to a maximum of $10,000. Businesses and non-profit organizations are eligible for up to 25 per cent of costs to a maximum rebate of $500,000.
Rebates are based on the size of the installation and calculated at $0.75 per watts.
Energy Efficiency Alberta’s two-year, $36-million Residential and Commercial Solar Program is expected to generate about 50 megawatts of solar capacity, while creating 900 jobs in Alberta’s solar sector by 2019. Solar uptake is predicted to quadruple each year – increasing to eight megawatts in 2017 and up to 140 megawatts by 2022.