microFIT & Money

By: Greenicurrent  09-12-2011
Keywords: Green Energy

Ontario's feed-in tariff or FIT Program is North America's first comprehensive guaranteed pricing structure for renewable electricity production. It offers stable prices under long-term contracts for energy generated from renewable sources.

The microFIT Program is a streamlined program for very small renewable energy projects under the umbrella of the Feed-in Tariff (FIT) Program. The microFIT program applies to very small renewable power projects, such as a home or small business installation generating 10 kW or less, but earning the highest price of 80.2 ¢/kWh from the electricity generated by the installation for 20 years.

Consider the benefits of generating green energy from renewable sources such as the sun, wind, water or bioenergy, and selling it for a guaranteed price. You can be part of Ontario’s growing green energy movement, make money and contribute to a cleaner environment. 

If you are a homeowner, farmer or small business owner, you have the opportunity to develop a very small or “micro” renewable electricity generation project (10 kilowatts or less in size) on your property. Under the microFIT Program, you will be paid a guaranteed price for all the electricity your project produces for at least 20 years.

* Prices for microFIT Solar PV Projects less than 10kW

Installation Type Price Contract Term
Solar Rooftop 80.2 ¢/kWh 20 years
Groud-mounted 64.2 ¢/kWh 20 years

Keywords: Green Energy