I’ve got a background in real estate, mortgages and banking. I’ve looked at private mortgages, land development and all sorts of financial investments. I’ve found that for many of them the initial costs outside the average person’s financial ability, the return is not guaranteed or the potential for loss is high (how are your mutual funds doing?). I believe that the FIT and microFIT programs reduce the risk and provide a predictable stable return on your initial investment. Here’s why...
- You have a 20 year contract at a set rate for all the power your solar panels generate.
- The return on your investment is not controlled by a board of directors, the stock market, public opinion, share holders or the performance of the company.
- You solar panel system starts generating electricity and money as soon as it is connected to the grid. That means it starts paying for itself right away.
- The output of the solar panels we use is guaranteed for 25 years – 5 years longer than the OPA contract.
- Installing a solar power system increase your property value. (Which property is worth more, one that earns money every day or one that doesn’t?)
- A solar power system is actually a small business which means you can claim expenses related to the system on your income tax. (Please speak with your accountant, tax professional or the Canada Revenue Agency for more details)
- Your investment in a solar power system will create more jobs in Ontario. More jobs in Ontario creates more opportunities for our children, friends and families.
- You will help reduce the need for carbon based power plants which results in a healthier environment in Ontario and around the world.
I have a number of other reasons that other people have given me. What’s your reason for investing in a solar power system?