Ontario launches $90 million solar rebate program to help save energy, money and the environment

TORONTO, May 8, 2018 /CNW/ – The Green Ontario Fund has announced details of the much-anticipated rebate program for solar PV and energy storage installations. This program will provide qualifying businesses $0.75 per watt for solar panel installations up to 500 kW (AC). Commercial and industrial buildings, which account for nearly 25 per cent of the province's greenhouse gas emissions, can now begin to assess their rooftops for installation of solar panels. The application window to apply for the rebate is expected to open this summer. Ontario has pledged to cut greenhouse gas pollution to 15 per cent below 1990 levels by 2020, 37 per cent by 2030 and 80 per cent by 2050.

"The environment and the economy go together. That's why the Government of Canada is working with Ontario to put practical climate solutions into action – and creating good, local jobs and economic opportunities in the process. Investing in energy efficiency pays for itself by saving money, reducing carbon pollution and making our homes and businesses more comfortable and affordable." – Catherine McKenna, Minister of Environment and Climate Change

"We are pleased with the support from the Government of Canada and the Province of Ontario to continue the proliferation of solar. This rebate will help businesses decrease their greenhouse gas emissions and save on their electricity bills by reducing their energy consumption." – Azeem M. Qureshi, CEO, Grasshopper Solar

About Grasshopper Solar

Grasshopper Solar is Canada's largest fully-integrated solar energy company, focused on the acquisition, development, EPC and long-term ownership of solar projects. Founded in 2007, it currently has CAD $500 million in assets under operation and various stages of development in Canada, the US and Japan. Grasshopper Solar has been the recipient of multiple national industry awards including Solar Innovator of the Year, Project Finance Innovator of the Year and Solar Developer of the Year.

www.grasshoppersolar.com

About Green Ontario Fund

Funded through proceeds from Ontario's carbon market, the Green Ontario Fund is a not-for-profit provincial agency tasked with reducing greenhouse gas pollution in buildings and industry to help meet Ontario's emission reduction targets. Through programs and rebates the Green Ontario Fund helps people and businesses take climate action into their own hands. Green Ontario Fund Programs not only reduce energy use but help Ontarians grow their savings.

www.greenon.ca