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Ontario Green Energy Plan
Solar Energy

Payout Rates

NOTE: TARIFF RATES ABOVE ARE AS IN EFFECT MARCH 2012 AND APPLY TO NEW APPLICATIONS

ORIGINAL (HIGHER) RATES APPLY IF YOU GOT YOUR microFIT APPLICATION IN BEFORE AUG 31, 2011 - CONTACT US FOR DETAILS

 

 

 

Ontario Content

Get FIT!

At Sashaan, we’re particularly excited about the “microFIT” and "Small FIT" opportunities. These are contracts where the solar system is rated to produce 10,000 watts or less (microFIT) or 500,000 watts or less (Small FIT) to give you great returns on investment.

Use one or more of your building roofs or an area of your property for a microFIT photovoltaic array and the Ontario Power Authority (OPA) will buy all the power that you generate for a guaranteed 54.8-54.9¢ per kilowatt-hour while it costs you about 27¢ or so per kilowatt-hour to produce. Typical break-even points are about 7-1/2 years then you enjoy about 12-1/2 years of pure profit.

These can be a great way to build a retirement fund or supplement your income.

FIT contracts have a smaller payout rate but costs are reduced to provide a similar breakeven point of 7 years or so and of course provide much higher revenue.

And the transferable contract - with the Ontario Power Authority - is firm for 20 years! Yes you read that right. Too good to be true? It gets better!

These systems are generally low or maintenance free for the 20 years, require no attention from you to operate and any power you actually need for your own home or business you will continue to buy, through a separate meter, at the normal rate, just like you pay now.

All this and you’re allowed to depreciate the asset at the same rate as the revenue generated.

20 years from now when your contract ends, your panels will still be producing power (our manufacturers warranty at least 80% power output after 25 years), so you can continue to sell power (no doubt at a much lower rate) or use it for yourself.

Why are they doing this?

Obviously, this program makes no sense if all the Ontario Government wants is more power—there are lots of other means to generate power (like coal) at much less than these green energy tariff rates.

The real answer, aside from the desire to “go green”, is that the government wants to build green energy industries in Ontario to create green jobs for our future economy.

To attract industry to Ontario, there must be a market for the products and here is where you come in. The Green Energy Act FIT program requires you to buy products from companies with a high Ontario content with a reasonable and assured return on investment.

As of 2011, 60% of the installation must have Ontario content and we meet that requirement with all of our suppliers.

The Tariff (payout) rate indicated in the table to the left is as in effect as of March 22, 2012. Almost for certain, these rates will be reduced over time. That will not affect those that have contracts but new applicants will receive the reduced rate. In other words, don't wait - apply now.

While this opportunity can’t last forever, an OPA microFIT or FIT contract signed now is firm for 20 years no matter what happens to the program or governments in the future.

 

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