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Ontario
MicroFIT Program
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The
Province of Ontario, through the Green Energy Act, is
promoting the installation of Renewable Energy production
systems, including Photovoltaic (PV) panels on residential
and commercial properties. The MicroFIT program is one
of the first steps to creating green jobs in Ontario
and closing the coal-fired generating plants.The initial
Feed-In Tariff (FIT) rate will compensate homeowners
80.2 cents for every kilowatt-hour (kWh) produced by
a PV system up to 10 kilowatts in size. The contract
with the Ontario Power Authority (OPA) will guarantee
this rate for 20 years. This represents a very low risk
investment opportunity for long term investors who install
quality systems designed to withstand 20 years of our
harsh climate.
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