Yes, businesses in British Columbia and Alberta may be eligible to receive tax credits on their solar panel installations, including:
CRA Capital Cost Allowance (CCA) Classes 43.1 and 43.2: If you’re a business in BC or AB, solar panel installations are eligible for accelerated depreciation under the CRA's Capital Cost Allowance (CCA). These classes allow you to write off a significant portion of your solar equipment annually – resulting in faster tax savings and helping offset the cost of solar systems.