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Do Solar Panels Raise Your Taxes?
Brian McKay • May 21, 2021
Solar panels are an excellent investment for most homeowners, but understandably so you want to know if there are any hidden costs when you install your panels. One of the most common questions is if installing solar panels will cause your property taxes to increase due to the increase in your home’s value.
The good news is that the answer is no!
While adding solar panels to your home does indeed increase the value of your home, you will not be hit in the wallet come tax time. This is because Nova Scotia offers an exemption. If you were living in Ontario for example, you wouldn't have been so lucky.
The Municipal Property Assessment Corporation (MPAC) of Ontario states that ground-mounted solar panels with generation capacity of more than 10 kW may increase the assessed value of a property and thus raise property taxes as well.
On the other hand, Nova Scotia is ranked the #1 province in the country for installing a solar power system, scoring as one of the best provinces for rebates, financing options, and installation costs.
In Nova Scotia, unlike other property renovations like a home extension or a basement remodeling, when you install solar it won’t impact the assessed value of your property.
The benefit to this is that if you decide to sell your home, you still include the value of solar into your sale price!
With 85% of Nova Scotia’s electricity coming from high carbon sources, they’ve been looking for an environmentally friendly way to power their province for quite some time. That time has finally arrived, as the government has put incentives in place to give Nova Scotians a path towards an environmentally responsible energy future.
Today, Nova Scotia is the best province in the country for installing a solar power system due to the lucrative rebates, financing options, and low installation costs. Nova Scotia wants to be completely carbon free by 2040. You can help make this happen and only save money in the meantime.
The primary solar incentive in Nova Scotia is the Solar Homes Program administered by Efficiency Nova Scotia.
This program allows property owners to earn a cash rebate of $0.60/watt for residential solar power installations with a minimum size of 1kW and up to a maximum rebate amount of $6,000.
Thus, rest assured that solar panel installations will not raise your property taxes. And, if you are living in Nova Scotia there are a host of benefits at your disposal that can make your transition to solar energy worth your while.
Thanks for reading!
Brian McKay
(aka The Solar Guy)
(aka The Solar Guy)
Harnessing the Sun : How does the Solstice Effect your Solar Production?
Debunking Myths About Solar Panel's Performance in Inclement Weather
When it comes to generating clean, sustainable energy, the versatility of solar panels is often underestimated. The common misconception is that solar panels only thrive in ideal, sunny conditions. However, the truth is that they exhibit remarkable resilience, enduring through sun, snow, or sleet. In this article, we'll explore the steadfast nature of solar panels in various weather conditions and highlight the substantial benefits they bring, including significant savings on monthly electricity bills and a positive environmental impact.
Winter in Nova Scotia often brings to mind visions of snow-covered landscapes and cozy evenings by the fire. While the season may be chilly, it's also an opportune time to explore the incredible benefits of harnessing solar power. Contrary to common misconceptions, solar panels don't hibernate during the winter months. In fact, they continue to generate clean, sustainable energy, offering homeowners and business owners a unique chance to turn snowflakes into savings.
For more information about a Solar Energy Solution, including Whole Home Solar PV and Solar Pool Heating solutions for your home or business, please contact AZTEK SOLAR for your free on-site evaluation and ask about the $3,000 cash-back rebate now available.
AZTEK SOLAR is a leading Nova Scotia residential and commercial solar installer, serving Halifax, Dartmouth and the surrounding areas throughout rural Nova Scotia.
With expertise in a wide variety of systems, including Solar PV (grid-tied) systems, solar hot water and solar pool heating systems, AZTEK SOLAR has helped hundreds of Atlantic Canadian homeowners, farm operations, business owners and municipalities lower their energy bills while reducing their carbon footprint.
#SolarIsNow #RenewableEnergy #AztekSolar
Harnessing the Sun : How does the Solstice Effect your Solar Production?
Debunking Myths About Solar Panel's Performance in Inclement Weather
When it comes to generating clean, sustainable energy, the versatility of solar panels is often underestimated. The common misconception is that solar panels only thrive in ideal, sunny conditions. However, the truth is that they exhibit remarkable resilience, enduring through sun, snow, or sleet. In this article, we'll explore the steadfast nature of solar panels in various weather conditions and highlight the substantial benefits they bring, including significant savings on monthly electricity bills and a positive environmental impact.