microFIT Program & FIT Program
1. What is a feed-in-tariff and how does it work?
A feed-in-tariff (or FIT) is a straightforward way to contract for renewable energy generation. It provides standardized program rules, prices and contracts. Feed-in tariffs refer to the specific prices paid to renewable energy suppliers for the electricity produced by the generating facility. The pricing structure provides a reasonable return on investment and is differentiated by project size and technology type.
Ontario’s FIT Program is the first of its kind in North America. While it incorporates lessons learned in several European countries and other jurisdictions, it has been specifically tailored to meet the unique needs of Ontario’s electricity system and situation.
2. What is the difference between the FIT Program and the microFIT Program?
The microFIT Program is a “stream” or component of the FIT Program, designed specifically to encourage the development of micro-scale renewable energy projects, such as residential solar photovoltaic (PV) installations and small wind power facilities.
- Sun light contacts the solar panels, which convert electrons into Direct Current (DC).
- Direct Current is then alternated to Alternating Current (AC).
- This AC is measured by a Generate Meter before we send it to the grid.
- You are getting a 20-year contract with the government at a premium rate and can now receive the guaranteed benefit.
Basic Energy Analysis
10 KW AC solar power system
Roof area south: 800sf to1000sf
Location: Ontario
PV system size: 10kw
Estimate energy: 12,000 to 14,000 kwh
ROI: 15% to 20%10 kW AC solar power system
Our Solar Panels are from Top-Notch Manufacturers
10 kW DC Polycrystalline Solar Panels from any of the following manufacturers of your choice:
