Compass is Ready for Canada’s ITC
Looking back, the solar industry in Canada has been a boom and bust experience for businesses and practitioners alike. At Compass Renewable Energy Consulting Inc. (“Compass”) we are now confident that looking forward solar will be a more stable and fast-growing market year to year. This is mostly due to a commitment from the federal government by allowing an ITC of 20- 30% of project costs, announced April 3rd mirroring successful US policy.
While this policy is a welcome catalyst for long-term stability and growth, it is also causing a short-term boom. For 2023 alone, accelerated capital cost allowance has made projects especially compelling from a cash flow perspective. Most developers have backlogs of projects that were just waiting for some improved economics to move forward, now is that time.
Compass has been in the engineering business since 2017 and our in-house professionals that call Canada home have industry experience going back much further. We aren’t just engineers; we are subject matter experts that understand all of the steps developers go through from vetting their greenfield development to construction, off-taking, and commercial operation.
As demand for solar ramps up, we are constantly looking for new ways to help our partners deploy their projects in a more rapid, cost-effective, and optimized manner. We believe that your success is key to our success.
Compass’s expert consultants are here to support your team with On-Demand Engineering, Feasibility, and Financial Forecasting. We serve all kinds of clients— Compass is flexible, agile, and will work with you at any point in your process to let your team deliver on what they do best.
Contact Compass Energy Consulting