Net-Metering & BC Hydro
BC Hydro has annual net-metering for residential and commercial customers. Eligible customers must have a clean or renewable electricity generator connected to the BC hydro distribution system with an aggregate nameplate capacity no more than 100kW. For systems of 27 kW or less the “simple net-metering” process can be used, while larger systems have to go through the full, and more complex, process. If more energy is generated vs. used in a month the excess is shown as a credit on the electricity bill. If after 12 months there is a net credit (in other words, over a one-year period more electricity is produced than used) the excess is sold to BC Hydro at 9.99 ct/kWh and the credits are set to zero again.
BC Regional District of Nanaimo Renewable Energy System Incentive $250
This program enables homeowners in RDN Electoral Areas and the District of Lantzville to save money while upgrading to energy efficient technology in their home. Homeowners that install a solar PV system are eligible to receive a $250 incentive. In addition, effective April 1, 2015, a $400 rebate is available for renewable energy systems that require and obtain a development variance permit.
BC PST Tax Exemption
The province of British Columbia has a provincial sales tax exemption for the following renewable energy system equipment: Solar photovoltaic collector panels, wiring, controllers, and devices that convert direct current into alternating current (inverters), when they are sold as part of a solar photovoltaic system. Solar thermal collector panels, wiring, pumps, tubing, and heat exchangers, when they are sold as part of, a system that includes solar thermal collector panels.