Ontario MicroFIT Program
The Province of Ontario, through the Green Energy Act, is promoting the installation of Renewable Energy production systems, including Photovoltaic (PV) panels on residential and commercial properties. The MicroFIT program is one of the first steps to creating green jobs in Ontario and closing the coal-fired generating plants.The initial Feed-In Tariff (FIT) rate will compensate homeowners 80.2 cents for every kilowatt-hour (kWh) produced by a PV system up to 10 kilowatts in size. The contract with the Ontario Power Authority (OPA) will guarantee this rate for 20 years. This represents a very low risk investment opportunity for long term investors who install quality systems designed to withstand 20 years of our harsh climate.
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