BC introducing new tax credit to help building owners save on retrofits and reduce energy use

BC is introducing a new tax credit that will allow building owners to build up their savings a little bit more.

The Clean Building Tax Credit will support CleanBC’s commitment to reducing BC’s emissions by 40 percent of their 2007 levels by helping the building owners reduce their energy usage and therefore save 5 percent on their retrofits.

Types of buildings that are eligible for the credit include private sector warehouses, residential buildings and commercial spaces.

This credit will help repair and improve systems within the buildings such as ventilation, heating, building envelopes and air conditioning.

Another requirement needed for the credit includes the building owners need to have worked with a professional that can determine if the building’s energy has actually been reduced.

This credit is already available for use and will close on March 31^st 2025.