How it Works
Installing a solar system on your roof is not just an investment for a greener future; it is an investment that will provide substantial financial returns! As soon as your system is connected to the Ontario power grid, you become an energy supplier to the Ontario Power Authority (OPA). Every kilowatt hour (kWh) of energy generated by your solar panels is purchased by the OPA through the Feed-In-Tariff (FIT) program, and all of that money goes right into your pocket.
If you would like to know about the financial returns you can generate through solar energy, request a free personalized proposal by calling SolPowered at 613-454-4444.
What is the Feed-In-Tariff (FIT) Program?
In the fall of 2009, the government of Ontario launched the Feed-in-Tariff program, creating financial incentives for homeowners, corporations, municipalities, schools, hospitals, and others to invest in renewable energy. As this is a new industry with high entry costs, these incentives are necessary to develop a manufacturing industry and reduce the cost of renewable energy technology through economies of scale.
The FIT program is a commitment by the Ontario Government to purchase electricity generated by your solar installation at a fixed price, guaranteed over 20 years. What that means for you is that once your system is installed, you will have continuous, government-backed revenue for 20 years. The solar industry in Ontario has been booming ever since the FIT program began and solar installations demonstrated not only environmental benefits but also financial returns. For more information about the Feed-in-Tariff program, please visit the OPA Website.
What kind of returns can I expect?
There are two categories of programs – the FIT program for medium to large installations that are over 10kW, and the MicroFIT program for smaller, usually residential installations of 10kW or less. The rate paid for the energy generated is dependent upon which program you qualify for and the overall size of your solar system.
Currently the OPA is completing a program review which includes a revision of the pricing for all future contracts, so specific returns for new projects are subject to change. However, because of the cost-efficiencies SolPowered has created and an overall reduction in industry pricing since the FIT program was launched, SolPowered is still able to provide worthwhile returns for our clients.
- Maximize Energy Production – Through a comprehensive technical analysis, our engineers ensure everything about your solar installation is designed to increase the efficiency of your solar panels. The more energy you produce, the more energy you can sell to the grid. We take every factor into consideration, from determining the exact angle of the panels to completing a full-year shading analysis and more.
- Project Financing Options – In addition to maximizing revenues, we also take into account your costs to provide you with financial flexibility. Our multiple financing options give you the freedom to choose what is right for you, whether your focus is maximizing profits or minimizing up-front costs. For all options we provide you with a detailed financial analysis including 20-year revenue projections so you can be confident in your decision.
If you are interested in learning more about our financing options or about how solar energy can provide you a return on investment, please contact us today!