Policy status:Ended
Date Effective:2001
Date Ended:2006
Policy Type:Economic Instruments>Fiscal/financial incentives
Policy Target:
Agency:Natural Resources Canada
Description:The Renewable Energy Deployment Initiative (REDI) was announced in December 1997, and came in effect on April 1, 1998. The 6-year, $24 million program is designed to stimulate the demand for renewable energy systems for space and water heating and cooling. Under REDI, NRCan undertakes market development activities, in cooperation with renewable energy industry associations and other partners, and provides an incentive for specific renewable energy systems. To encourage the private sector to gain experience with active solar and large biomass combustion systems, businesses are eligible for a refund of 25 percent of the purchase and installation costs of a qualifying system, up to a maximum refund of $80,000. NRCan provides a similar incentive to federal departments and to public institutions. Some incentives are also provided to the residential sector for pilot projects delivered by partners. The terms and conditions presented in this Update do not apply to residential pilots. In remote communities, businesses, institutions and other organizations may be eligible for a refund of 40 percent of the purchase and installation of a qualifying system, up to a maximum refund of $80,000. In 2001, the Government of Canada through its Action Plan 2000 on Climate Change, announced an investment of $2 million over 5 years to extend the voluntary Renewable Energy Deployment Initiative (REDI) to industrial organizations. This extension is expected to reduce GHG emissions by 0.1 megatonne by 2010.

Last modified: Fri, 13 Jul 2012 15:34:05 CEST