Ontario MicroFIT Program
Jan 16-2012 The time is now for micro-scale solar power in Ontario as the Ontario Power Authority has reviewed and will soon publish the updated rules governing the microFIT program. Although the per-kilowatt rates payable under the program will surely drop, we are expecting a rate for roof mounted systems to be set near 62 cents per kilowatt. Comparing even the highest on-peak rate paid by electricity consumers in Ontario of 10.8cents/kWh the microFIT program offers a 600% profit for every KW you can produce using solar PV panels. Using a 10kW system as an example, with current technology and at current prices the government under the microFIT program's 20 year contract is subsidising Ontario residient for the entire cost of a $60,000 solar system by providing 20 years of income averaging $700/month. As an added incentive systems using mono-crystal solar panels will last over 40 years providing years of free electricty after the system is paid for and the microFIT contract ends.
