Tax Rebates and Incentives
Incentives and Rebates from Utility Providers
Both BC Hydro and Fortis BC offer rebate programs for a variety of energy-efficient products such as heat pumps.
Clean BC Program
CleanBC is British Columbia’s framework to reduce climate change, build a low carbon economy, and achieve the Province’s target of 40% greenhouse gas emission reduction over 2007 levels by 2030.
Through this program, SMEs can benefit from incentives for the purchase or lease of zero-emission vehicles (ZEV), rebates to convert natural gas heating to electric heat pumps for commercial buildings and offices, and free energy coaching services.
Federal Tax Write-off
Effective in 2019, SMEs may write off 100% of the cost in the first year for clean energy and energy-efficient equipment as the Capital Cost Allowance (CCA) rate was raised to 100%. These incentives apply to equipment acquired after November 20, 2018 and will be phased out starting in 2023.