Earn More with the Ontario Micro-FIT Program
Flexible Solar Solutions of Windsor, Ontario is helping residents take advantage of Ontario’s MicroFIT program. As a home owner in Ontario the timing has never been better to go solar and make money.
The MicroFIT Program was initially launched in 2009, as part of an effort by the Ontario Government to increase Renewable Energy in the province. The main purpose of this project is to allow homeowners to provide Hydro to the province’s electrical Grid. The installation of solar panel on your house while receiving a moderate rate of return on your investment. The program is meant for homeowners to put a 10 Kw or smaller solar system on their property. In return the homeowner will be paid a guaranteed fixed rate price of (29.4 cents/kW) as of Jan. 1, 2016 over a 20 yr. period for the Energy they provide to the Ontario Hydro Grid.
The MicroFIT program is run by the Independent Electricity System Operator (IESO) and has been a very successful and popular program, resulting in over 68,000 applications submitted since its implementation. In the four years since the start of the program, the province of Ontario has attracted more than $32 billion in private investments, welcomed more than 100 renewable energy companies specializing in wind power, geothermal and in solar Energy. The program is designed to appeal to people through providing an investment opportunity with a Moderate rate of return. The feed – in – tariff price of the program allows for participants to recover the cost of installation and generate profits at a greater rate than many other investment opportunity’s, such as RRSP or mutual funds. As a result of the program’s popularity, the number of applications is currently – limited in Ontario.
Here at Flexible Solar, we focus on implementing the program to the homeowners in a way to take advantage of all the benefits it has to offer. We realize the possibilities and rewards that come with taking part of this government incentive program. For more details and information about the MicroFIT program, please visit microfit.powerauthority.on.ca.
Flexible Solar offers a Turn Key Solar Panel Installation that would apply for a Micro-FIT License, obtain Building Permit and an Engineering Structural Analysts to ensure that the roof rafters would accommodate the additional load of the solar system. Design the system, Install the system and connect it to the Grid!