| Over the past twenty years, Ontario companies with some government support, have created leading positions in development of commercialization of fuel cells and related products.
Ontario has an emerging fuel cell sector in place.
In addition to fuel cell developers and integrators, plant suppliers, service providers and fueling infrastructure companies are represented here.
There are many opportunities for industries to link to other strong sectors in the province such as automotive, chemicals, and alternative energy industries. |
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| Source: Fuel Cells Industry are selected from Canada’s Fuel Cell and Hydrogen Industry 04/05 Capabilities Guide |
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| Incentives for Alternative Energy – Canada |
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| • | The Wind Power Production Incentive (WPPI) was created to encourage the development of wind energy by providing financial support for the installation of 1000 MW of new wind energy between now and 2007 (Natural Resources Canada) |
| • | The federal government has committed $215 million in hydrogen and fuel cell funding over five years (Natural Resources Canada and Industry Canada) http://canren.gc.ca/ (4/2006) |
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| Incentives for Alternative Energy - Ontario |
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| • | 100% corporate income tax write off and capital tax exemption for assets used to generate electricity from clean, alternative or renewable energy sources (assets must be acquired before January 1, 2008) |
| • | Property tax assessment on wind turbine towers set at $40, 000 per megawatt of installed capacity, applied to tower and foundation ”net metering” allows small generators (up to 500KW) from renewable sources to send excess electricity back to the electrical grid for credit |
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| Source: Ministry of Energy, SUMMARY OF TAX incentives for Energy Conservation and Electricity Generation, January 2005 |
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| Sales Tax Incentives for Alternative Energy - Ontario |
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| • | Sales tax rebates for the purchase of solar energy systems installed into residential premises, including a multi-residential buildings (Until November 2007) |
| • | Sales tax rebate for the purchase of qualifying building materials incorporated into facilities to generate electricity from alternative or renewable energy or deep lake water cooling facilities. (materials must be purchased and incorporated into eligible projects before January 1, 2008) |
| • | Sales tax rebate for the purchase of wind energy microhydroelectric and geothermal energy systems installed into residential premises, including a multi-residential building (subject to passage of regulations, but retroactive to November 2002, and expires in November 2007) |
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| Source: Ministry of Finance, 2004 |
