New FIT Rates Announced!!

By JP on March 22, 2012 4:11 PM

Summary of recommended changes to the FIT and MicroFIT programs:

New Price Schedule:

Other significant points:

• One MicroFIT per owner (was one per property)
• CFIT (Commercial FIT, MicroFIT for businesses) will not be launched
• No indication about procedure for the new price tranches (ie 10 - 100kW)
• MicroFIT projects must be completed in 6 months from approval (same as before); FIT projects must be completed in 18 months (was 3 years)

Read the full FIT review report here.

Next Steps: The review was conducted by the Ministry of Energy and constitutes recommendations to the Ontario Power Authority (OPA). The OPA will now create rules and processes to meet the recommendations. No word on how long that will take. Final conclusions on the success of the FIT review will depend on the details established in the new rules.

Check back often for updates!

It has been a great pleasure working with you, the project has gone very smoothly. We are very pleased and we look forward to continuing our relationship with you over the next 20 years as we generate power.

I was a great relief to find Generation Solar, after having numerous unpleasant dealings with my initial installer. Their responsiveness and professionalism were top notch. They represented me in dealings with my equipment manufacturer over a warranty issue and produced results that I don't feel I could have on my own. Most importantly, they did what they said they would and kept me informed every step of the way. I would not hesitate recommending Generation Solar and look forward to a continued relationship with them.

I just wanted to let you know how pleased we are with the system you and your team installed. Things have been running great. Checking the inverter for the daily output has been part of my routine, and I enjoy counting the kW. Thanks so much for all the work, professionalism and guidance on this project. You and your team are great.

Wanted you to know that Jackson and Geordie were Amazing and very helpful, hard working in the heat. They did an Awesome job and were very tidy, a hot weather bonus is probably in order though they did say they love working for you.

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