The forecast for tax expenditure on residential end-use electricity in Canada shows an upward trend from 2024 onwards, with values increasing from 667.85 million USD in 2024 to 1,160 million USD by 2028. This predicts a substantial annual growth, indicating robust governmental support or changing tax policies favoring residential electricity use.

Examining year-on-year variations reveals a consistent increase, suggesting escalated investment or subsidies aimed at this sector, possibly driven by rising electricity costs or efforts to promote sustainable energy consumption. The Compound Annual Growth Rate (CAGR) over this period reflects significant strategic emphasis on energy transition or energy efficiency improvements across residences in Canada.

Future trends to watch for include:

Potential shifts in governmental policy impacting residential electricity tax incentives.
Technological advancements in energy efficiency that might influence future expenditures.
Fluctuations in electricity prices and geopolitical factors affecting energy markets.