Solar Panels Toronto - Micro Fit Program

What is a Solar system (or PV)

Photovoltaic or PV systems are devices used to convert sunlight into electricity. PV systems are a safe, reliable, low-maintenance source of solar electricity. They have a life expectancy exceeding 40 years. They produce no pollution or emissions, incur few operating costs, and are easy to install on most Canadian homes.

The basic building block of a solar-energy generating system is called the solar cell built into a PV module. PV modules are connected together into panels and arrays to meet various energy needs.

Modules used for home power applications usually range between 150 to 220 watts, and measure about 1.1 m x 1.6 m (about 3 ft. x 6 ft.). Based on current module efficiencies, a 1000 watt PV system (5-200w panels) generates an average of about 3.6 kilowatt-hours per day or 1,326 kWh annually in most populated regions in southern Ontario.

For example, a homeowner in Ontario would be looking at a residential scale Solar PV project of about 3 kilowatts, which costs around $25,000. The returns with the Ontario Micro FIT program will be approx. $3000.00 of revenue per year, resulting in about an 8 to 9 year payback. The most rewarding part of the FIT program is that OPA will pay this estimated returns for a

contracted period of 20 years.

To qualify for the Micro FIT program installations can be no larger than 10kWw systems.

Larger installations fall into the FIT program at a different return per watt.

Link to OPA Fee-in Tariff Program.  http://fit.powerauthority.on.ca