How Your Business Can Benefit From the 20% Energy Tax Credit
The Energy Tax Credit makes it easier and more affordable for your business to invest in clean energy projects. It provides 20% of the total capital cost of your project, refunded through your taxes. Applicable projects include solar PV, battery energy storage systems, air-source and ground-source heat pumps, and wind power installations. The credit is available to businesses with an HST number and applies to both new projects and projects already underway for any eligible costs incurred on or after March 28, 2023.
This means your business can reduce upfront costs while accelerating your transition to cleaner, more efficient energy.
How the Tax Credit Works
This example below demonstrates the potential financial impact of the 20% Energy Tax Credit on a clean energy project. The capital project cost is $100,000. At a 20% credit, the amount would be $20,000. If the business owed $10,000 in taxes for the year, the tax owed would be reduced to $0. The remaining $10,000 of the tax credit is then paid out as a one-time refund, helping make the project more financially manageable.
Your Energy Partner
With 15 years of experience, the Arcadian team will design and build your energy project including solar, battery storage, EV charging networks, heat pumps and microgrids completed with superior workmanship meeting all ESA regulations.
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Reserve your project early. With limited grid capacity, availability is used up fast — act now to secure your spot. Contact our energy team to confirm availability in your area and plan your project with confidence.
