Green Energy Equipment Tax Credit ### 📋 Eligible Entities - Property owners (residential, commercial, or industrial) - Building owners installing eligible green energy equipment on their properties - Must be Canadian taxpayers with tax liability to claim the credit - Both individuals and businesses qualify ### 💰 Funding Details - Credit Rate: 7.5% to 15% of eligible installation costs - Format: Non-repayable tax credit (reduces tax payable) - Application: Applied against federal income tax liability in the year of installation - Matching: No matching contribution required - Carryforward: Unused credits may be carried forward to future tax years (verify current rules) ### 🛠️ Approved Expenses - Geothermal heat pump system installation and materials - Solar thermal energy systems (solar water heating, space heating) - Biomass fuel energy equipment installation - Labour costs directly related to installation of eligible equipment - Equipment must meet Canadian performance and safety standards ### ⚠️ Conditions & Milestones - Equipment must be newly installed (not retrofit of existing systems in most cases—verify eligibility) - Installation must be completed in the tax year claimed - Claim must be filed with annual tax return in the year installation is completed - Receipts and proof of installation required for CRA verification - Equipment must meet specified technical standards and certifications - Property must be in Canada - Credit is claimed on personal or corporate tax return; no separate application process typically required