Brampton, ON – Canada has announced in previous years the aim to go Net Zero by 2035 for waste emissions by focusing on the clean energy industry. Now, in March 2023, the 2023 Budget implements the Clean Technology Investment Tax Credit (ITC); ground-breaking news for the Canadian Solar Industry.
- The Clean Technology ITC is a refundable 30% tax credit on the capital cost of investments made by taxable entities in solar PV and energy-storage technologies.
- This credit will be available to all project spending implemented immediately, through 2034.
- This ensures that 30% of eligible costs of investment in Solar Technology would be refundable through the tax credit.
- This translates to $6.9 Billion over the next four years dedicated to Renewable Energg.
Frankensolar is proud to be a part of this initiative to make Solar more cost-effective for Canadian Installers by providing Solar PV Technology. Frankensolar is the leading PV Equipment Distributer in Canada and carry a wide range of PV Technology including Modules, Inverters, and Racking.
To learn more about the Clean Technology Investment Tax Credit and utilize it for Installations, contact your account managers or email us at email@example.com.
About Frankensolar Americas:
Frankensolar is a Solar Distribution company that specializes in the design, manufacturing, and distribution of solar panel systems and energy storage systems, with 16,000 systems supplied. They have been the leading distributor of PV equipment in Canada since 2011. They also provide a range of services such as engineering and consultation. Frankensolar is known for its high-quality products and has an extensive product portfolio of PV equipment, including Solar Panels, Racking, Inverters, Batteries, Off Grid Components, and Balance of System components.
For additional information about the company, follow Frankensolar on LinkedIn or visit www.frankensolar.ca