January 17, 2012

Ontario government makes property tax changes for green energy

TORONTO

Property tax amendments in will help Ontario property owners who install renewable energy technologies, states the provincial government.

The changes will provide greater clarity by creating additional categories for property tax assessment based on the size and location of energy generation. The amendments will apply to facilities generating electricity from solar energy, wind energy, or anaerobic digestion.

The move will encourage property owners to continue to install and use renewable energy technologies, says the Ontario government.

"Ontario is building a modern, clean, reliable electricity system. This is the foundation for a strong economy. These changes will make it easier for

Ontarians to participate in Ontario's clean energy future — ensuring cleaner air, healthier communities and a brighter future for everyone,” said Chris Bentley, Minister of Energy.

The government says the province is committed to increasing wind, solar and bioenergy from less than one per cent of generation capacity in 2003 to almost 13 per cent by 2030.

DCN NEWS SERVICES

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