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.