The Ontario Power Authority's (OPA) microFIT program offers the best return on investment for a solar PV system. The current rate for rooftop solar is $0.384/kWh. Compare this to what you pay for using electricity, which is between $0.075 - $0.135 per kWh. This allows for a PV system that pays for itself in 7-10 years (depending on system and financing), and with payments guaranteed on a 20 year contract (at the fixed rate of $0.384/kWh).
MicroFIT process
When you are considering a microFIT project, review all the program details at http://www.powerauthority.on.ca and follow the steps.
The above microFIT application process chart was taken from their website and is here for reference.
As you go through the process, don’t hesitate to contact Solar Heats Water to assist. Basically, what you need to do and need to know includes the following:
- making
sure all applications, registrations, permits, inspections,
sign-offs and acceptance documents are completed properly
- confirm
the local power distribution system has the capacity to accept the
power your project will produce
- confirm
that your structure will safely and effectively hold the solar panel
array you need to produce the power that you want to sell into the
system
- have
the system designed and specified
- review
your financing and payback information
- have
the system installed and inspected
- accept
the contract to begin to receive payments
- keep
all the information about your microFIT program in an organized file
for future reference
