Green Energy Equipment Tax Credit ### 📋 Eligible Entities - Property owners (residential and/or commercial) - Owners of real property in Canada - Individuals who have installed eligible green energy equipment on their properties - Businesses and corporations owning property with green energy installations ### 💰 Funding Details - Tax Credit Rate: 7.5% to 15% of eligible equipment costs - Format: Non-refundable federal tax credit applied against income tax liability - Repayability: Not repayable—direct tax reduction benefit - Matching Requirements: No matching contribution required from applicant - Maximum Benefit: Varies by equipment type and installation costs (credit is percentage-based, not capped at a fixed dollar amount) - Timing: Credit claimed on tax return for the year equipment is installed ### 🛠️ Approved Expenses - Geothermal heat pump systems (ground-source heat pumps for heating/cooling) - Solar thermal energy systems (solar water heating, space heating) - Biomass fuel energy equipment (wood stoves, pellet stoves, biomass boilers for heating) - Equipment materials and installation labor costs directly related to eligible systems - Professional installation fees for approved equipment ### ⚠️ Conditions & Milestones - Equipment must meet Canadian standards and certification requirements - Installation must occur on Canadian real property - Credit applies only to new installations (not retrofits of existing systems in some cases—verify current rules) - Applicant must be the property owner at time of installation - Documentation required: proof of purchase, installation invoices, and equipment certification - Credit claimed on income tax return for the year of installation - Equipment must remain in place and operational during the tax year claimed - Subject to ongoing CRA audit and verification requirements - Eligibility and rates subject to annual federal budget updates and policy changes