Exciting news for homeowners and businesses in British Columbia! On June 27, 2024, the Government of B.C. announced new rebates for those interested in installing solar panels and battery energy storage systems. These rebates are intended to promote sustainable energy choices and reduce electricity costs across the province, while making it more affordable than ever before for homeowners to install renewable energy.
Homeowners in British Columbia can receive rebates from BC Hydro totaling up to $10,000 when they install both a certified solar photovoltaic (PV) system and a battery storage system. Customers can choose to install a battery energy storage system only or solar panels only or both together.
Here’s What You Need to Know:
Residential single-family homes:
Solar Panel Rebates:
Rebate Amount: Up to $5,000
How it Works: Receive $1,000 per kilowatt (kW) of installed solar photovoltaic system.
Battery Storage Rebates:
Rebate Amount: Up to $5,000
How it Works: Get $500 per kilowatt-hour (kWh) of installed battery energy storage system size.
Qualifying property: detached single family, duplex, triplex, row home or townhome.
Multi-unit Residential Buildings, Small and Medium Businesses:
Solar Panel Rebates:
Rebate Amount: Up to $25,000
How it Works: Receive $1,000 per kilowatt (kW) of installed solar photovoltaic system.
Battery Storage Rebates:
Rebate Amount: Up to $25,000
How it Works: Get $500 per kilowatt-hour (kWh) of installed battery energy storage system size.
Qualifying property: multi-unit residential building or strata common area on a single meter, or a commercial business property. This does not apply for installing solar panels to power individual units.
Social Housing, Indigenous, and Non-Integrated Areas:
Solar Panel Rebates:
Rebate Amount: Up to $75,000
How it Works: Receive $3,000 per kilowatt (kW) of installed solar photovoltaic system.
Battery Storage Rebates:
Rebate Amount: Up to $75,000
How it Works: Get $1500 per kilowatt-hour (kWh) of installed battery energy storage system size.
Customer must meet one of the following criteria:
- Is an indigenous governing body.
- Is a housing society registered under the Societies Act.
- Is a housing co-operative registered under the Co-operative Act Social Housing.
Please note: All installations and connections must meet specific criteria to qualify:
- Installations with or without a battery completed after June 27th, 2024, are eligible for the rebate. Net metering (now called “self-generation”) applications must have been submitted on or after May 1st, 2024.
- Rebate applications for battery only projects installed prior to program launch in late July are not eligible for the retroactive rebate.
- Systems must be reviewed, approved, and connected to the grid through the self-generation program.
Additional information:
- Rebates can be stacked with other 3rd party funding providers, such as the Greener Homes Grant or the Greener Homes Loan program, however the total rebate payment when combined with the third-party funding cannot exceed the total project cost.
- Pre and post energy audit is not required for the BC Hydro rebate.
- Separate properties and accounts owned by the same person can qualify for a rebate.
How to apply:
Note: BC Hydro rebates information on how to apply to the rebates. July 2024.
Our solar experts are able to guide you through the application process. Contact us today!
For detailed application instructions and all eligibility requirements, visit:
Why Go Solar?
Solar energy is an infinitely renewable resource. Using solar panels to turn sunlight into electricity for your home or business helps you reduce your carbon footprint and save money on your BC Hydro bills.
Installing solar panels and batteries not only gives you energy independence but also helps keep the environment clean, lowers your long-term energy costs, and sends clean power back into the electrical grid. It’s a smart choice that benefits both homeowners and the community. Plus, BC Hydro’s rebates for solar panel and battery storage offer homeowners the greatest amount of savings ever offered for solar power installations making this the best time to install solar panels!
With over 85 years of experience installing roofs in the Lower Mainland, we’re proud to offer solar panel installations to all our residential, agricultural, and commercial customers, along with flexible financing options.
Request your Free Estimate Today to secure early access to these incentives and rebates for solar panels and battery storage. Get ready to power your future with clean, renewable energy!
Source:
New Rebates for Rooftop Solar Panels and Battery Storage in B.C.
