Commercial Grid-Tie Systems
Industry Tax Savings
Commercial Grid-Tie Systems
Industry Tax Savings
Solar Grid-Tie systems are not just for residential homes, Commercial Grid-Tie is a viable option for businesses looking for alternative energy options.
The Government of Canada makes clean energy projects, such as solar energy, wind energy and energy from waste, more fiscally attractive for industry by providing business income tax incentives.
Capital costs of systems that produce energy by using renewable energy sources or fuels from waste, or conserve energy by using fuel more efficiently are eligible for accelerated capital cost allowance. Under Class 43.1, eligible equipment may be written-off at 30 percent per year on a declining balance basis.
More of this article can be found on Natural Resources of Canada Website.
Beaver Lake Lodge
The 20 kW solar array that we installed at Beaver Lake Lodge has drastically cut their generator run time, which in turn has resulted in a huge reduction in diesel fuel consumption.
The generator had been running 24/7 and now with the addition of the solar array, it runs for as little as a couple of hours per day.
With this system, we included a Mag Web which allows us to monitor the system over the internet.
This Quad Inverter System from Magnum Energy was the first to be installed in Canada.
