The Canadian Renewable Energy Association (CanREA) has recently welcomed and endorsed the findings of a groundbreaking report by Dunsky Energy + Climate Advisors. The report, “BTM Solar: Canadian Market Outlook: How Behind-the-Meter (BTM) solar can contribute to Canada’s net-zero future,” is a comprehensive analysis of the current status and future potential of rooftop and on-site solar power in Canada.

The report highlights the critical role of rooftop solar in Canada’s transition to a net-zero economy by 2050. It outlines the necessity for scaling-up rooftop solar by 20 to 40 times to help the country achieve its ambitious net-zero targets. The report indicates that Canada must strive for BTM solar to meet 2% to 4% of the nation’s total annual electricity demand, equivalent to 24 to 48 TWh per year, to reach its net-zero goal.

One of the key recommendations put forth in the report is the revision of building codes to mandate solar installations in new single-family homes. This strategic move is anticipated to result in an estimated 13 GW of new capacity, significantly accelerating the adoption curve. Furthermore, the report forecasts the potential for an additional 11 GW of solar capacity on existing homes and a further 12 GW on commercial buildings, projecting a combined growth of 36 GW by 2050.

CanREA’s emphasis on this report underscores the pivotal role of rooftop and on-site solar in Canada’s energy landscape. Their commitment to advancing solar energy as a vital component of the country’s net-zero strategy reinforces the importance of diversifying and expanding renewable energy sources.

CanREA’s endorsement of the report solidifies the association’s dedication to promoting solar energy as an integral part of Canada’s transition to a low-carbon, sustainable future. The findings and recommendations presented in the report serve as a roadmap to guide Canada’s trajectory towards achieving its net-zero ambitions, positioning rooftop and on-site solar as fundamental drivers of the country’s clean energy transformation.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.