How to benefit from the Ontario microFIT
Part two in our series on the Ontario microFIT
There are a number of ways to take advantage of Ontario microFIT. You can install solar power systems using a licensed local solar installer. You will have to obtain a microFIT contract and arrange to connect to the grid. Once the initial installation is complete, solar power systems require very little maintenance. Initial investment is recovered expeditiously through direct payments from your local distributor and guaranteed by the Ontario Power Authority.
If you do not have the capital to pay for the installation of solar panels, some companies lease equipment or can arrange purchase financing through the chartered banks like TD Bank. You will still be responsible for arrangements and approvals e.g. safety inspections and building permits. The leasing can be expensive and, although you may not turn a profit, you will be contributing to a greener Ontario.
MicroFIT is not confined to the homeowner; schools, churches, community centres, non-profits, farmers and small businesses can all share in the bounty. The community can fundraise to cover initial costs and the institute can benefit from payments for electricity in the years to come.
Read Part One
Read Part Three of our series
Comments
-
Contributing Author
Nikki Fotheringham has been a writer for over fifteen years. Read The Rest -
Solar Nuggets
-
-
+SolarLine
- SolarLine Power makes solar portable and profitable.
