Ontario Feed-In Tariff (FIT) Program
Since October 2009, citizens and businesses in Ontario were able to submit applications to build grid-connected renewable energy projects under the province’s Green Energy and Green Economy Act.
Motivated by the new feed-in tariffs launched by the Ontario Power Authority, many homeowners, businesses and farmers have capitalized on the opportunity and have developed renewable energy projects.
As North America’s first guaranteed pricing structure – called a feed-in tariff (FIT) – for various forms of electricity production, it offers a stable, competitive price combined with a long-term contract.
George Smitherman, Deputy Premier and Minister of Energy and Infrastructure said that the FIT program “would help spark new investment in renewable energy generation and create a new generation of green jobs.”
The Green Energy Act would establish Ontario as North America’s leader in renewable energy, drive green investment in the province and create 50,000 jobs in the first three years.