SolarBank Corporation, a leading developer, owner, and operator of solar and battery energy storage systems (BESS) in North America, is pleased to provide an update to current and prospective shareholders on how it is strategically positioning itself for success amid shifting policy dynamics across the continent.
In the United States, recent federal legislation—referred to as the Big Beautiful Bill (“BBB”)—has established a revised timeline for clean energy investment tax credits (ITCs). Under the BBB, projects that commence construction by July 4, 2026, and achieve commercial operation within four years, remain eligible for the full ITC benefit.
In response, SolarBank has prioritized development in key U.S. states where site control, interconnection progress, and permitting are already well advanced, ensuring these projects meet the criteria for full ITC eligibility. The Company’s recently announced $100 million project-level capital partnership with CIM Group is instrumental in accelerating construction on a 97 MW portfolio within these strategically selected markets.”SolarBank is prepared,” said Dr. Richard Lu, CEO of SolarBank. “We have enough advanced-stage projects we can get into construction before the deadline to take advantage of the tax credits. In particular, there is still enough time to execute on the projects supported by the $100 million financing with CIM.”
At the same time, SolarBank’s diversified presence across Canada offers a strong hedge against potential U.S. policy fluctuations. In Ontario, the Company is actively deploying battery storage systems under the Independent Electricity System Operator’s (IESO) Long-Term RFP program, which aims to secure clean, dispatchable capacity through long-term contracts. Additionally, SolarBank maintains a leadership position in Nova Scotia’s Community Solar program, where it holds a significant share of the market and continues to expand its footprint.
