In September of 2009, Ontario introduced the Feed-in Tariff or “FIT” program which is part of the new Green Energy Act. This program allows customers to sell the electricity they produce back to the grid through a contract with the OPA (Ontario Power Authority). Systems that qualify under the microFIT program (under 10kW in size) will receive the highest rates which are now at $0.39 per kWh produced. Typically this results in a return on investment (ROI) between seven and eight years. Systems that track the sun have a faster payback time up to 30% less. The balance of the 20 year contract will have the system generate a substantial profit for the customer.

Net-metering is also a viable option especially with increasing utility costs.  With a net-metered system the power generated is used by the home.  Any excess power is fed onto the grid which will act as a credit on your utility bill.  If there is a shortfall in the energy required the power is simply purchased from the utility company.

Please contact us for more information on grid-tie systems and how they can save you money.