2017 is the Final Year for the Ontario microFIT Program

The Independent Electricity System Operator (IESO) announced in January 2017 that microFIT applications won’t be accepted past the end of 2017. Act now!

Current rate paid to you for a 6 to 10 kW roof mount is 28. 8 cents per kWh

What is FIT & microFIT?  (Feed-in Tariff)

In 2009 Ontario introduced the FIT & microFIT programs to encourage residents and business owners to install clean renewable energy projects. These programs pay a fixed contract price per kWh for all solar generation produced and transferred to the electrical grid. Contracts are for 20 years.

The micoFIT program applies to small projects of 10 kW or less (e.g., a residential rooftop solar PV installation).
The FIT program applies to commercial sized projects between 10 and 500 kW.

Reasons for These Programs

  • Foster the growth of a new, green industry in Ontario thus providing sustainable energy and jobs
  • Reduce the need to build polluting fossil fuel generating stations and phase out current coal generation
  • Reduce our reliance on expensive, potentially dangerous nuclear energy
  • Cover the costs of a typical renewable energy project
  • Allow a reasonable rate of return on your investment over a long-term contract (20 years)

Detailed Information From IESO Program Websites

In Ontario the regulating body for electricity is the Independent Electricity System Operator (IESO). Each year the IESO reviews the programs and sets new targets and pricing for renewable energy projects.

 

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