Northern Lights Solar Systems

Government Incentives

Government Incentives, Grants and Rebates

 

With Ontario's new Micro-FIT program, investing is solar PV makes absolute financial sense to put up a solar pv power project - whether on an KW scale for home of commercial properties or on a MW utility scale plant.

 

#1 - Ontario Power Authority - Feed-In Tariff

The OPA (Ontario Power Authority) is encouraging cottage owners, business owners and farmland owners to produce energy from renewable sources and will guarantee to buy the energy produced - no matter what capacity for next 20 years.

 

Prices for Renewable Energy Projects that are 10 kW or less

Revised August 13, 2010

Renewable Technology

Price

Contract Term

Escalation Percentage

Solar PV

 

 

 

        Rooftop

80.2 ¢/kWh

20 years

0%

        Ground-mounted

64.2 ¢/kWh

20 years

0%

Wind

13.5 ¢/kWh

20 years

20%

Waterpower

13.1 ¢/kWh

40 years

20%

Biomass

13.8 ¢/kWh

20 years

20%

Biogas

16.0 ¢/kWh

20 years

20%

Landfill gas

11.1 ¢/kWh

20 years

20%

The prices presented above are extracted from the FIT price schedule. Note that the OPA will review the FIT price schedule on a regular basis (approximately every two years).

For technologies other than solar PV, 20 percent of the price will escalate annually based on increases in the Consumer Price Index.

 

#2 - Accelerated Capital Cost Allowance

Once installed, a Solar pv system on your property whether on the rooftop or the ground, becomes an income generating property. It may qualify for a Capital Cost allowance or Accelerated Capital Cost allowance. You can reduce your taxable income based on the amount of investment made in installing a Solar PV power project. You should consult your accountant or a tax expert for your tax situation.

 

#3- ecoENERGY for Renewable Power

A Federal government program, qualifying organizations, institutions, businesses and municipalities can avail of up to 1.0Cent / kWh of the project. Certain conditions will apply. Please follow the above link for complete details.