Easy 11% ROI: Clean Energy Payback only 8 Years!
Unlock Massive Energy Savings with an 8-Year ROI for Small Businesses!
Rising energy costs are squeezing small businesses, but you don’t have to remain at the mercy of energy inflation. With Canada’s Clean Technology Investment Tax Credit (ITC) and the Save on Energy Program, small businesses can save big, cutting energy costs and achieving a return on investment (ROI) in as little as 8 years, or 10.8% annually. These programs make transitioning to clean energy more affordable and profitable than ever.
Key Benefits of the Clean Technology ITC
- 30% Refundable Tax Credit: Get 30% back on eligible costs for your solar and battery system installations.
- 20% Refundable Tax Credit: If certain union labor requirements aren’t met, you can still qualify for 20%.
Save on Energy Program for Small Businesses
The Save on Energy program offers up to $10,000, with $1,000 for every kilowatt DC of solar installed, significantly reducing your upfront costs.
Example: Solar and Battery Installation for Small Businesses
Here’s how the costs and savings stack up for a 10 kW DC solar system and 13.3 kWh battery storage project:
| Item | Calculation | Cost |
|---|---|---|
| Solar Installed Cost | 10 kW × $2/W × 1,000 W/kW | $20,000 |
| Battery Storage Cost | 13.3 kWh × $1,000/kWh | $13,300 |
| Total Installed Cost | $33,300 | |
| Save on Energy Rebate | 10 kW × $1,000/kW | -$10,000 |
| Clean Technology ITC | ($33,300 - $10,000) × 30% | -$6,990 |
| Final Net Cost | $16,310 | |
| Annual Energy Production | 10 kW × 1,150 hours | 11,500 kWh/year |
| Electricity Savings | 11,500 kWh × $0.17/kWh | $1,955/year |
| ROI (Years) | $16,310 ÷ $1,955 | 8.3 years |
| ROI (Annual Percent) | ($1,955 ÷ $16,310) × 100 | 10.8% |
Why Invest in Clean Energy for Your Small Business?
- Lower Operating Costs: Reduce your electricity bills and improve your bottom line.
- Energy Independence: Protect your business from volatile energy prices by generating your own clean power.
- Sustainability Goals: Appeal to eco-conscious customers by reducing your business’s carbon footprint.
- Boost Property Value: Solar and battery installations are attractive investments for business facilities.
Act Now!
The Clean Technology ITC and Save on Energy Program won’t last forever. As these programs phase out over time, the best time to invest is now. Take control of your energy costs and position your business for long-term success with clean energy solutions.
Ready to Get Started?
Contact us to learn more about how your small business can unlock massive energy savings and secure its energy future with our tailored clean technology solutions!