Solar Finance

What is Section 12B of the Income Tax Act?

Section 12B of the Income Tax Act provides for an accelerated capital depreciation allowance in respect assets owned and used by a taxpayer in the generation of electricity from amongst other solar energy.

Depreciation Allowance

How do you benefit?

Which type of purchase options qualify?

All the major banks have recently extended their financing terms to between 84 and 120 months
(7 to 10 years).

What costs are covered?

The cost of the solar PV system allowed for accelerated depreciation includes its full direct capital cost, including

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    Gentricity focuses on commercial- and industrial solutions, we currently do not offer installations for the residential market.
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