FIT Solar PV Program
The Opportunity: Ontario’s feed-in tariff or FIT Program is North America’s first comprehensive guaranteed pricing structure for renewable electricity production. The most valuable option is a rooftop solar installation with rates between 70 to 80 cents/kWh, for 20 years, guaranteed by a government contract. This translates into returns of investment of more than 15%. A 60,000 square foot roof yields a gross profit of more than $200,000 annually, over 20 years.
The Technology: Solar PV has been proven and tested; our solar panels have performance warranties of 25 years and longer. We know how to install panels to achieve maximize performance.
Time is of the Essence: Ontario will not keep this program available forever. People who act now will be able to lock into the attractive rates of 70+ cents/kWh, while late-comers will most likely see rates drop (as they have in other FIT markets like Germany and Spain). Our goal is to help you install as fast as possible so we can lock in the highest guaranteed rates.
The Next Steps: We will assess the structural integrity of your roof, and you decide if you prefer to own the project or lease the roof to us. OSP then starts the permitting process with the Ontario Power Authority and your electricity company, securing a 20-year government contract. Once applications are approved: Turn-Key Construction ⇨ Interconnection ⇨ Cash Flow ⇨ Clean, green energy with attractive returns.
Below are the detailed rates from the Ontario Power Authority:
|Solar PV Projects|
|Contract price||Rooftop or ground-mounted||≤ 10 kW||80.2 ¢/kWh|
|Rooftop||> 10 kW ≤ 250 kW||71.3 ¢/kWh|
|Rooftop||> 250 kW ≤ 500 kW||63.5 ¢/kWh|
|Rooftop||> 500 kW||53.9 ¢/kWh|
|Ground-mounted*||>10 kW ≤ 10 MW||44.3 ¢/kWh|
|Length of contract||20 years|
|Percentage escalated||Not eligible|
|Peak performance factor||Not eligible|
|Average lead time||1 year for smaller projects3 years for larger projects|
|Contacts for getting connected to provincial grid||
|Industry associations and government
||For more information on the Green Energy Act, visit the Ministry of Energy and Infrastructure (MEI).
For more information on solar PV training, conferences, government incentives and a step-by-step guide to determine if solar is right for you, visit the Canadian Solar Industry Association (CanSIA).
For resources, training and education information and information to assist community-based projects and Aboriginal projects, contact the Ontario Sustainable Energy Association (OSEA).
The Toronto Renewable Energy Co-operative’s (TREC) Our Power project is a residential solar program that helps homeowners simplify the decisions involved with investing in a solar PV system on their roof.
For information on developing solar PV on Crown lands, visit the Ministry of Natural Resources (MNR).
For information on renewable energy approvals, visit the Ministry of the Environment (MOE).
*Eligible for Aboriginal or community adder.
For more information on the FIT program please visit the Ontario Power Authority’s website here.