The Canadian Renewable Energy Association (CanREA) welcomes the 2023 Federal Budget, which includes refundable investment tax credits for renewable energy and green hydrogen investments. The budget aims to accelerate the deployment of wind, solar, energy storage, and other clean energy technologies to achieve Canada’s commitment to achieving net-zero greenhouse gas emissions by 2050. The budget includes various tax credits, consultations, and funding for clean electricity investments, infrastructure, and electrification pathways. CanREA expects the deployment of new wind, solar, and storage to accelerate significantly with the support of these new investment tax credits.
The Canadian Renewable Energy Association (CanREA) welcomed the new investment tax credits for renewable energy and green hydrogen investments presented in Budget 2023 by Federal Minister of Finance, Chrystia Freeland.
CanREA recognized the need for a Canadian response to the Inflation Reduction Act passed in the United States and advocated for refundable investment tax credits for renewable energy and green hydrogen investments.
The 2023 Budget includes the following measures to ensure Canada can accelerate the deployment of wind, solar, energy storage and other clean-energy technologies. To read more, click here.
The new investment tax credits will help create jobs in clean energy and make Canada a leader in the energy transition, while stabilizing investment opportunities and safeguarding affordability for Canadians.
Need more information? Click here to read or schedule a call with MJR Electric to ask more questions.
Join the Renewable Energy Revolution with MJR Electric: Invest in a brighter future today!
Invest in the future of clean energy and support Canada’s transition to a net-zero economy by taking advantage of the newly introduced refundable investment tax credits for wind, solar, energy storage, and green hydrogen technologies. Contact MJR Electric today to learn more about how you can invest in the future of clean energy and help build a sustainable future for Canada.
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MJR Electric specializes in any commercial or residential jobs located throughout the Greater Vancouver and Okanagan area of British Columbia. We determined the Greater vision to reduce carbon emissions through avenues like solar and LED lighting. We see the demand and potential to provide charging stations for electric vehicles, as well as information for EV incentives.