The Canadian government has introduced four new refundable investment tax credits (ITCs) to support the growth of Canada's clean economy and attract investment in clean energy projects. These ITCs include the Clean Technology ITC, Clean Technology Manufacturing ITC, Clean Hydrogen ITC, and Carbon Capture, Utilization, and Storage (CCUS) ITC. They became law in June 2024 and are refundable tax credits, meaning they are treated as amounts paid by the taxpayer on account of tax. Taxpayers can generally claim only one of these tax credits for the acquisition of eligible property. Additionally, the government has proposed two additional refundable ITCs the Clean Electricity ITC and the Electric Vehicle Supply Chain ITC. These ITCs aim to incentivize investments in clean electricity projects and the electric vehicle supply chain. The bulletin provides detailed descriptions of each tax credit and relevant tax considerations.

The City of Spruce Grove is taking steps to develop a Clean Energy Improvement Program (CEIP) that would provide property owners with financing to make energy efficient and renewable upgrades (including solar panels) to their property. Property owners would pay back the loan through their regular property tax bill over the lifespan of the upgrade (or sooner if they wish).

Voltarix Group Inc. (VGI) is planning a 25 megawatt direct current (MWDC) solar power project on a privately owned greenfield site near the intersection of Golden Spike Road (RR273) and Highway 628 at the legally described address SE 28-52-27 W4M.

As Alberta phases out coal-fired power plants, the Rocktree Solar Project will contribute meaningful renewable energy to meet electricity demand on the local distribution grid. The Project will generate roughly 31,000 megawatt hours of energy, an annual power equivalent to approximately 4,500 homes and working towards Alberta’s goal of sourcing 30% of the province’s electricity from renewable sources by 2030.