Clear answer
Clear answer, explained.
Accelerated First-Year Capital Cost Allowance — 100% first-year CCA on eligible clean energy assets, enhancing depreciation in the year of acquisition.
Utility & regional incentives — utility, municipal, and provincial funding programs that vary by region and availability.
All applicable incentives are identified and built into the project financial model as part of the assessment process.
Key points
What this means in practice.
- Federal Clean Technology ITC: up to 30% refundable credit on eligible EV charging infrastructure capital costs
- Refundable means the credit returns as a tax refund regardless of taxable income in the claim year
- Accelerated First-Year CCA: 100% first-year depreciation on eligible clean energy assets in the year of acquisition
- Utility and regional programs vary by location — municipal and provincial programs may apply in addition to federal incentives
- All applicable incentives are identified and built into the project financial model as part of the assessment process
- EV charging incentives can be combined with solar and storage incentives on integrated projects
When this applies
Best-fit environments.
- You are building an EV charging project financial model and need to identify all applicable incentive programs
- Your CFO wants to understand the net capital cost after incentives before approving an EV charging deployment
- You are outside Ontario and want to confirm which federal programs apply to EV charging in your province
- You are planning a combined solar-plus-EV-charging project and want to confirm incentives apply to both systems
Q·01
