Incentives

Ontario Power Authority (OPA) - Feed-in Tariff Program

The OPA, through its Feed-in Tariff Program is authorized to engage in contracts for renewable distributed generation. You, as the homeowner, qualify as a 'Distributed Generator' and, under the terms of the contract, can be paid 80.2¢ per kWh of electricity your solar panels generate for a term of 20 years. This guarantees your investment will be paying you long into the future. The contracts are also transferable throughout its life. So when it comes time to sell your home you can rest assured that not only will the hardware maintains its value, but the payments will also continue for the next owner. This adds another element of value to your home that cannot be overlooked by potential buyers.

The PowerHouse Program

The PowerHouse Program was a pilot project from the provincial government that was offering interest free loans. Currently this program is under review and it is still unclear if this program will be expanded or revised for the future. While we are confident that this program will be available to homeowners in the future, please check back regularly to see if there has been any official announcement.

ecoENERGY for Renewable Power

The government of Canada, through its ecoENERGY program, is offering 1¢ per kWh to eligible proponents that invest in renewable energy technologies. This program is available to businesses, municipalities, institutions and organizations through till March 31, 2011. Payments are for a 10-year period and must be split on a 50% basis with the OPA as per section 7.3 (b) of the FiT program rules.

Canada Customs and Revenue Agency

For small business that would like to take advantage of the savings associated with a solar powered roof, the CCRA provides accelerated write-offs for the associated costs of hardware and installation of solar powered products. It is recommended that you contact your company accountant or corporate advisor for the specifics of this incentive and how it applies to your business.