Why Solar Energy. More Solar Energy falls upon the earth in one minute than humans use in an entire year It’s clean It’s renewable It’s the future If it pays, why not start today?. Ontario Feed in Tariff Program. http://fit.powerauthority.on.ca/. Solar Pays… How much? Is it worth it?.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Why Solar Energy • More Solar Energy falls upon the earth in one minute than humans use in an entire year • It’s clean • It’s renewable • It’s the future • If it pays, why not start today?
Ontario Feed in Tariff Program http://fit.powerauthority.on.ca/
Solar Pays… How much? Is it worth it? Mar-2012 New rates ~ 54 cents/kwh
Several Financial Models • Buy it outright • Buy it on a loan — Most banks in Ontario now understand the transaction and will give loans for same • Rent your roof— Watch out … read the fine print
Fixed Mount Economics • Fixed panels facing south 20-30° incline • 1280 kWh/kW • Install 10 kW DC get 12,800 kWh/year • OPA pays .54 x 12,800= $6,912/year • Fixed Systems installed $5-7/WDC say $60k • Simple return = 60,000/$6,912= 8.7 years • 20 year contract’s gross return= 11.3 yrs x 6,912 = $78,105
Roof Mount Solar Tracking Mount Economics • Tracked panels follow the sun • 1600 kWh/kW • Install 10 kW DC get 16,000 kWh/year • OPA pays .54x $16,000=$8,640/year • Tracked systems installed $6-7/WDC say $65k • Simple return = 65,000/8,640= 7.5 years • 20 year contract’s gross return= 12.5 yrs x $8,640 = $108,000
Tax Implications http://www.cra-arc.gc.ca/tx/bsnss/thrtpcs/nt-ft/q1-eng.html#a1
Building Integrated Solar Tracker Concept gives 26% more energy than fixed solar panels
Solar Check List • Check with LDC to insure room on grid • Contractor references… that you call • Professional Engineer to check the roof and supply stamped engineering drawings and validate cash flow and check cost assumptions • Apply for FiT or MicroFit contract with OPA • Get building permit • Install and commission system • Collect monthly cheques from the OPA