Why Solar?

Harnessing the sunʼs energy makes sense. Both solar thermal (hot water) and solar photovoltaic (electric) are not merely smart ways to save money, but are also revenue generating opportunities, shields against rising energy prices, and practical answers to growing environmental concerns. In our experience, the top nine reasons to invest in solar panels would be the following:

1. Shield yourself against rising energy prices

Solar energy is available to everyone on earth: no individual or nation has a monopoly on sunshine. After decades of massive subsidization, petroleum and gas prices continue to rise toward their true cost, yet the cost of solar power has never been cheaper. Facing a future of escalating energy prices, smart investors are choosing solar power systems to reduce or eliminate this threat.

2. Generate revenue from the sun

Where else would you get a government-guaranteed financial return on your investment? To spur solar technology innovation, the Government of Ontario created a subsidy program called the Feed in Tariff (FIT) and, for smaller installations, the MicroFIT program. As the solar market matures, these subsidies will be reduced and eventually eliminated, which greatly encourages the immediate purchase of a solar panel system while these extra benefits exist.

3. Reduce your carbon footprint

Your solar panel system is another blow against the worst aspects of global climate change. By contrast, electricity produced by burning coal, oil and natural gas contribute significantly to the “greenhouse” gases fueling extreme global climate changes that are projected to get much worse over the next century. Solar energy is clean and pure, and the best protection we can pass along to our grandchildren.

4. Increase your marketing appeal

Commercial enterprises using solar enjoy the marketing benefit of clearly contributing to an environmentally sustainable future, including applying their solar panel system towards green building certifications. If you want to stand out from the pack, solar panels are a good place to start.

5. No headaches

With no moving parts, solar panels are low maintenance and have a lifespan of 20+ years.

6. Augment your regular roof

Solar panels block UV and extend the life of the roofing materials beneath them, plus their shade lowers the cost of cooling buildings in the summer: two benefits professional facility managers consider in their calculations.

7. Make money from your roof

Even if you have no interest in owning your own solar panel system, you may want to rent your roof to a world class power company. Who would not want a care-free lease guaranteed for 20 years (and with a very quiet tenant)?

What are the FIT and MicroFIT programs?

The Feed In Tariff (FIT) program was created by the Ontario Government to encourage smaller electrical producers to sell into the provincial power grid. To participate in the FIT program, you must be producing of more than 10 kilowatts of solar generation, ranging from solar panels on medium size industrial buildings to full-scale municipal power utilities.

For solar generating capacity of 10 kilowatts or less (starting with roofs of at least 900-1600 square feet depending on orientation), there is the MicroFIT program. Typical candidates for MicroFIT are most commercial buildings, large residential buildings, and many farms. In both programs, the government guarantees payment of a fixed amount for each hour of solar power you produce over the next 20 years. 2017 is the final year for MicroFIT applications to be submitted. 

Through these programs, the Government of Ontario has created financial incentives to develop an industry capable of manufacturing world-class solar panel products that can out-perform the exports of competing nations. These incentives also create solar energy that is not merely environmentally friendly, but does not rely on distant nations, and creates a more resilient electrical grid based on large numbers of dispersed generation points. You can be a part of this strengthening of Ontario’s ecological and economic future, plus you can turn a profit by doing so.