A strategic incentive to drive the deployment of solar thermal tech in Canada

The Clean Technology Investment Tax Credit (CT ITC) is a refundable tax credit designed to support capital investments in the adoption and operation of clean technology (CT) assets in Canada. The incentive applies to eligible CT property acquired and made available for use between March 28, 2023, and December 31, 2034.

Projects may qualify for a tax credit of up to 30% on capital costs for property placed in service by the end of 2033. For property becoming available in 2034, the rate is reduced to 15%. The credit will no longer be available after December 31, 2034.

By improving the Return on Investment (ROI) for renewable energy projects, the CT ITC offers a powerful incentive—particularly for technologies that displace fossil fuel use, such as those developed by Rackam. The company strongly encourages the newly elected government to maintain this vital program and continue fostering Canada’s clean energy transition.