It's a beautiful idea and it's happening right here in Ontario
Get solar panels on your roof and sell electricity to Ontario at a premium rate (guaranteed). Let your home make you money and help your neighborhood go solar. It’s microFIT - the new Ontario feed-in tariff program.
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| Install Solar Panels in your Home
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| Sign Up for a microFIT Contract
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| Sell Power to the Grid
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The estimates of solar power potential and financial costs and revenues presented here are just that: estimates. The numbers are based on publicly available information and are not intended by any means to give you an exact guaranteed assessment.
For a house with a south-facing roof, your solar potential will range approximately between
801 kWh/kW and 1173 kWh/kW.
The following are some approximate estimates of the costs and revenues associated with the solar installation options available for your home:
Physical size
| Power rating
| Setup costs
| Every year
you get paid
10%-15%
| Over 20 years you get paid
(present value)
| 160 sq.ft.2
15mē
| 2kW
| $20,000
| Between
$1284 and $1880
| Between
$33086
and
$22597
| 240 sq. ft.2
25mē
| 3kW
| $24,000
| Between
$1926 and $2820
| Between
$49630
and
$33896
| 320 sq. ft.
30mē2
| 4kW
| $28,000
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Between
$2568 and $3760
| Between
$66173
and
$45195
| 400 sq. ft.
40mē2
| 5kW
| $30,000
| Between
$3210 and $4700
| Between
$82716
and
$56493
| 800 sq. ft.
80mē2
| 10kW
| $55,000
| Between
$6420 and $9400
| Approximately
$173 700
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Data Calclulated using PVWATTS V.1 for International Sites.
PVWATTS Calculator
Look under "Regions outside the US"
Click Canada Button then use drop down menu, go to "ON Toronto"
Enter your DC KW rating, (your total PV output )
Enter the correct Energy Data of .802 cents.
Click Calculate.
Line of Credit Pay-OFF Calculator.
The FASTEST way to pay off your investment.
The solar potential range depends on the angle at which your panels are tilted and the time of the year. You can learn more by visiting the solar data page at the Canadian Government's National Resources website. The present value is calculated as a discounted annuity using a discount rate of 1.25% - a typical savings account interest rate.
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