A new report from GlobalData highlights Ontario as Canada’s leader in the renewable energy industry particularly in its solar PV technology integration.
Canada’s ecoEnergy Retrofit program and tax credits provide support across the country, and the solar power industry in the Canadian states of Ontario, Quebec, British Columbia, and Nova Scotia also benefit from net metering. However, provincial efforts, such as investment incentives offered by the Ontario government, show local power authorities wielding significant influence.
The Ontario Green Power Tariff system program provides rules, tariffs, and contracts for solar power producers. The Renewable Energy Standard Offer Program (RESOP) and sales tax rebate initiative also support the development of the solar power market in Ontario.
Cumulative solar PV installed capacity in Canada increased from 20 MW in 2006 to 500 MW in 2011, at a CAGR of 89%, and is forecast to reach 6,579 MW by 2020 at a CAGR of 33%.
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