LET THE SUN SHINE ON YOUR BANK ACCOUNT
Solar Power as an Investment
With its 35 year expected lifespan and 20 year guaranteed buyback rate, solar is a stable, long term investment. A solar installation generates on average about $750-1000 per KW installed per year in income, meaning most systems pay for themselves in about 10 years. That represents a rate of return (between 10%-13% ROI) many times higher than GICs or Canada Savings Bonds.
March 22, 2012- Ontario Government announces new FIT/MicroFIT prices: For MicroFIT solar rooftops, the new rate will be 54.9 cents/ kwh
Click below for a Press Release (March 22, 2012) from Ontario Sustainabile Energy Association on the announcement:
Solar Photo-Voltaics (or solar PV) refers to the installation of solar panels for the purposes of generating clean energy. This energy can be used by the homeowner or sold back to the power grid in order to turn a profit. It benefits not only the homeowner but also the environment, as it reduces greenhouse gas emissions and air pollution.
Attachment to the bottom of this page: CanSIA press release-
"Ontario’s commitment to a greener future has stimulated investment and created jobs" - May 18, 2011