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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.
Factors to Consider before Investing in Solar
The actual power produced will be dependent on a number
Roof Orientation: ideally your sloped roof
is facing within 30 degrees of equatorial south (< 5%
energy loss) and the roof pitch is between 30 and 50
degrees. The steeper the pitch, the less snow cover;
the gentler the pitch, the greater the summer energy
Shading: watch out for trees and buildings
that will affect the core sun hours of 9am – 3pm.
This time period is the peak power production window.
System Efficiency: quality and engineering of the
entire system will affect the overall energy delivered.
Different panels will deliver different amounts of
energy even if they are rated at the same number of
watts. Quality panels make more power.
of Installer: Solar Electric Systems
will not produce significant power if they are designed
poorly or installed incorrectly. Installation experience
and years in business are important factors to consider
when choosing a supplier.
The ideal Ottawa area roof is
expected to generate revenue
of $1,020 per kWh yearly. This
represents a 10.0 – 12.5%
annual return for 20 years. Plus,
after the contract expires, you are left with a valuable
system that is still generating lots of power.
For more information, check out
our FAQ section