WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 298
Market Data
Customers
ENERGY IN
THE REGIONS
HOME
Government incentives & support schemes
FIGURE 23
USA and Canada Government provides incentives/policies that promotes clean energy
Regions
Countries
Key Government Incentives/ Policies
Residential Clean Energy Tax Credit: 25D
Key Insights
Other
3%
• Rooftop solar is covered under the 25D tax credit and provides households an uncapped 30% tax credit
• Those who upgrade their electrical panels in conjunction with rooftop solar are also eligible for a 30%
uncapped tax credit
Energy Efficient Home Improvement: 25C
• The In昀氀ation Reduction Act signi昀椀cantly expands and extends the 25C tax credit, now known as the Energy
E昀케cient Home Improvement Credit
• Previously, this tax credit was limited to 10% of your project costs but is now increased to up to 30% and
available on an annual basis
Federal Tax Credit
• The federal government o昀昀ers as high as a 30% tax credit for homeowners who install a home energy
storage system starting from the beginning of 2023 to the beginning of 2035
Self-Generation Incentive Program (California)
• Any residential customer of Paci昀椀c Gas and Electric Company (PG&E), Southern California Edison (SCE),
Southern California Gas Company (SoCalGas), or San Diego Gas & Electric (SDG&E) is eligible for a General
Market SGIP rebate of approximately $250/kWh, which means the rebate covers approximately 25% of
the cost of an average energy storage system
The Canada Greener Homes Grant
• The Canada Greener Homes Loan o昀昀ers interest-free loans of up to $40,000 to help Canadians make
their homes more energy efficient and comfortable
Canada
Source: FranklinWH, Government of Canada
298
Americas
WEMO 2024
USA
