Author/Contributor: FRESCo, BOMA British Columbia, Landlord BC
Alberta Context: This report was written for British Columbia, but two of the main tax programs are federal and apply in Alberta.
Summary:
This guide breaks down how you can use tax incentives to help pay for green building upgrades. It is a valuable read for building owners, property managers, and real estate professionals seeking to save money while making their properties more energy-efficient. It explains the major tax incentives that can save you money when you install clean technology, such as heat pumps or solar panels.
“While each of these three incentives can improve the financial viability of retrofit projects, they each come with administrative complexity. All three require early-stage planning and qualified professional support.” p.5 – Understanding and Advancing Tax Incentives Report
- The Clean Technology Investment Tax Credit (CT ITC): This federal program gives your business a refundable tax credit of up to 30% when you buy and install clean technology, like solar panels, battery storage, or heat pumps
- The Accelerated Investment Incentive (AII): This federal rule lets businesses write off the cost of their new green equipment much faster on their taxes, which helps you keep more cash in your pocket during the first year that your equipment is available for use.
- The third program in the report, the BC Clean Buildings Tax Credit, is a provincial program and does not apply to Alberta.
This document was published in July 2025, prior to new budget measures confirmed in the fall by the Government of Canada’s Budget 2025. The document does not reflect these new measures, but still contains valuable information about the incentive programs. Read the full report here.
