Home » News » Ontario Power Authority Feed-In Tariff Program Launch

Ontario Power Authority Feed-In Tariff Program Launch

It is so exciting and such a positive step to helping the environment that the OPA (Ontario Power Authority) is going ahead and launching its feed-in tariff program. Click HERE for the direct link to the July 11, 2012 document outlining the OPA’s rules and regulations.

What exactly is the Feed-In MicroFIT program you ask? Here is a fantastic summary that Pinnacle Environment from Woodbridge, Ontario gives on their site.
(http://www.pinnacle-environment.com/solar_energy.html).

The Great Solar Opportunity – The Ontario MicroFIT Program

Consider the benefits of generating green energy from renewable sources such as the sun and selling it for a guaranteed price. A 20 Year Guaranteed Contract with the Government of Ontario, 0.80 per kilowatt hour delivered, and a very attractive return on investment. The new MicroFIT program from the Government of Ontario is a program open to Ontario residents to receive payments for solar electricity generated on their properties and delivered to the utility. You can be part of Ontario’s growing green energy movement, make money and contribute to a cleaner environment.

What does MicroFIT mean?

FIT stands for Feed in Tariff. If you are a homeowner, farmer or small busin

ess owner, you have the opportunity to develop a very small or “micro” renewable electricity generation project (10 kilowatts or less in size) on your property. Ontario’s Green Energy Act includes a program to pay home and business owners up to $0.80 per kilowatt hour of electricity produced by a solar electric system. The province will enter into a 20 year contract with people who install up to a 10 kilowatt solar system at this rate.

Why did Ontario create this Program?

The province of Ontario wants renewable energy to be part of its future. It believes solar energy is one technology that can deliver clean energy directly to consumers. The province is introducing this program to help consumers put solar energy to work, with the goal of lowering costs and growing an industry.

Am I Eligible?

If you are a homeowner, farmer or small business owner, you have the opportunity to develop a very small or “micro” renewable electricity generation project (10 kilowatts or less in size) on your property.

How much does solar cost and what will be my return on investment?

Solar systems can be installed on a home for about $9,000 to $12,000 per kilowatt. The range depends on the roof, the efficiency of the solar panels and the overall size of the system – larger systems are cheaper per kilowatt than smaller ones. More importantly, these systems can be expected to return a double digit return on investment. When’s the last time your investment gave you a double digit return?

 

« Plasma gasification |