Prince Edward Island
Incentives & Rebates
Discover the incentives and rebates available in Prince Edward Island for sustainable energy solutions.
PEI Solar Incentives
Discover available solar rebates, tax credits, and financial incentives in Prince Edward Island
Prince Edward Island is a national leader in renewable energy adoption, with ambitious goals to achieve net-zero emissions by 2030. The province offers a range of incentives and programs to help residents and businesses invest in solar power and reduce their carbon footprint.
With progressive net metering policies, attractive rebates, and a commitment to sustainability, PEI provides an ideal environment for solar energy investments.
PEI’s Solar Advantage
PEI offers strong solar incentives and a supportive environment for renewable energy adoption.
Available Incentives
PEI offers various incentives to help homeowners and businesses reduce their energy costs and environmental impact.
This federal program provides homeowners across Prince Edward Island with significant financial support for energy efficiency upgrades, including solar panel installations, heat pumps, insulation improvements, and windows and doors. The program offers both grants and loans to help Island residents reduce their energy costs and environmental footprint.
Learn more about the Canada Greener Homes Loan.
Prince Edward Island's Net Metering Program allows residential and small commercial customers to connect renewable energy systems up to 100 kW to the electrical grid. When your solar system produces more electricity than you use, the excess energy is fed back into the grid, and you receive a credit at the full retail electricity rate. This program makes solar installations even more financially attractive for PEI residents by ensuring no renewable energy goes to waste.
Commercial and industrial businesses in Prince Edward Island can take advantage of this significant federal tax incentive, which provides a 30% refundable tax credit for eligible clean technology investments, including solar photovoltaic systems, battery storage, and other renewable energy equipment. This program helps businesses reduce their carbon footprint while improving their bottom line through substantial tax savings and reduced energy costs.
Businesses and income-earning individuals in PEI can take advantage of this federal tax incentive that allows for the immediate write-off of the full cost of qualifying clean energy equipment in the year of purchase. This includes solar panels, inverters, mounting systems, and battery storage solutions, providing significant upfront tax savings that improve project economics and cash flow.
The Province of Prince Edward Island offers various energy efficiency programs through efficiency PEI and other provincial initiatives. These programs provide rebates for heat pumps, insulation, energy-efficient appliances, and renewable energy systems. Combined with federal programs, these provincial incentives create comprehensive support for Island residents looking to reduce their energy consumption and transition to clean, renewable energy sources.