Every week, Mansion Global poses a tax query to actual property tax attorneys. Here is that this week’s query.
Q. I’m considering of shopping for a home in Toronto. Are there any property tax breaks for utilizing solar power?
A. There are now not tax breaks for home including solar or different energy-efficient renovations in Ontario, though the utilities firm provides some incentives for greener residing.
There are additionally different advantages from the Canadian authorities. Its Greener Homes grant provides as much as C$5,000 (US$4,012) towards the set up of a solar system, based on its web site. Reimbursements are additionally accessible for different retrofits, like switching to extra energy-efficient heating gear or air-sealing a home.
More: How Could Canadian Property Taxes Change Under Trudeau?
At a provincial degree, Ontario did have incentives to assist owners go solar, together with GreenON, a program that began in late 2017 and gave owners rebates on home enhancements like solar panels or insulation that will make a residence extra energy environment friendly. However, that plan was discontinued after only a few months when Ontario Premier Doug Ford began his time period in early 2018.
Although it doesn’t fund solar techniques, the native utility firm, Enbridge Gas, does present prospects some rebates for some energy-efficient updates. Users can get again as much as C$5,000 for initiatives like sensible thermostats, wall or basement insulation or new heating techniques.
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