Is there a penalty for cancelling the microFIT contract?
No, a customer may choose to cancel their contract without incurring any fees. The IESO will require 30-days notice for any cancellations. However, it should be noted that if a homeowner cancels their connection agreement with the distribution company, the FIT contract will also be cancelled.
How are payments calculated?
The homeowner will be compensated for all electricity generated by their solar power system. The exact payments are calculated based on the contract amount (ex: 38.4 ¢/kWh for rooftop microFIT) multiplied by the number of kilowatt hours (kWh) that is produced.
How am I paid for the power I generate?
You will be paid by directly by your current Local Distribution Company (LDC) for all electricity generated by your solar power system, corresponding with your existing hydro billing cycle dates.
What happens once the contract expires?
Solar panels are built to last. While your contract will end after twenty years, your panels will continue producing energy for years beyond that expiration. Your options at that time depend on the situation in Ontario. Options may include continuing to sell the electricity to the grid, or connecting the system to your home so you can directly use the electricity it generates to and save hundreds (if not thousands!) of dollars on your energy bill.
Isn’t Ontario too far north/too cold to generate solar power?
No, Ontario has more annual hours of solar radiation than Germany and Tokyo, which are both leaders in the solar energy field. Some interesting facts about solar power in Ontario:
• Panels can generate more energy on cold sunny days than hot sunny days, as they become less effective in hotter temperatures.
• The Independent Electricity System Operator (IESO) reports that Ontario ranks higher for solar potential than Florida or Texas.
• Two studies conducted by the Queen’s University Applied Sustainability Research Group in Kingston, Ontario found that solar power in south-eastern Ontario has the potential to produce almost the same amount of power as all nuclear reactors in the United States.
What is the best place on my roof / property to install solar panels?
The optimum location is a generally south-facing roof in good condition, free of any shadows from trees or other obstructions during the sunniest portion of the day in both summer and winter. Roof objects such as dormers, chimneys and skylights may reduce the size of system that can be installed. Contact us
to receive a comprehensive analysis to determine where on your property is the most optimal location for your system.
What is the lifespan of my solar panels?
Solar panels are built to last. Many of the first solar panels created in the 1950’s are still functioning and generating energy. After 20 years of operation and past the expiry of your microFIT contract, your solar panels should still be running at about 80% of their original efficiency. Proper care, such as making sure that the panels aren’t covered in dirt or leaves, will ensure a long lifespan for your solar power system.