Sunday, April 7, 2013

No Sales Tax on Renewable Energy Systems, What a Concept

Vancouver drops Provincial Sales Tax from renewable energy systems
03 April 2013 - Exemptions from PST in the province include solar hot water, solar PV, wind-generated electricity and micro-hydro systems

The province of Vancouver in British Columbia, Canada, has made renewable energy a little cheaper courtesy of the exemptions from the Provincial Sales Tax system (PST).

The exemptions include solar hot water, solar PV, wind-generated electricity and micro-hydro systems and are effective as from April 1st. Details of the exemptions are outlined in the provincial government’s ‘energy conservation’ category of the PST exemption list. Instead of the 12 percent Harmonised Sales Tax (HST) applied to these systems, there will only be a 5 percent Goods and Services Tax (GST). read more>>>

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