INCENTIVE PROGRAMS - ONTARIO
Government Rebates and incentive for Residential
The ecoENERGY Retrofit for Homes provides home and property owners with grants of up to $5,000 to offset the cost of making energy-efficiency improvements. ecoENERGY Retrofit grants apply to a host of measures that reduce energy consumption and provide for a cleaner environment, from increasing insulation to upgrading to a solar hot water heating system.
Through the ecoENERGY grant program, there is a $2,500 rebate available for installing a solar domestic hot water heating system. The Federal and Provincial government each contribute $1,250 towards this incentive.
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Ontario Power Authority – MicroFIT Program
Ontario's MicroFIT program makes solar electricity generation a lucrative investment for homeowners, small businesses, and farmers. The Ontario Power Authority signs a twenty year contract with generators of renewable energy guaranteeing the purchase of their electricity at a rate above its market value. An investment in Solar PV is like buying a "Green G.I.C." Save the environment and generate revenue by producing solar electricity through Ontario's MicroFIT program.
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Net Metering
If you choose not to participate in the Standard Offer Program, Ontario's net metering regulation allows you to send electricity generated from renewable sources to the electrical grid for a credit toward your energy costs. Your utility will calculate the value of the energy you supply to the grid and credit your utility bill.
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Government Rebates and incentive for Commercial and Industrial
Government Rebates and incentive programs pay for up to75% of project cost.
Ecoenergy for Renewable Heat provides a savings of up to 40-50% of a projects cost depending on performance rating and size of solar panel array. This can equate to $1800 per solar collector panel.
Electricity Retrofit Incentive Program (ERIP) provides 20-25% of a projects cost depending on performance rating and size of solar panel array, which can equate to $1200 per solar collector panel.
Major Rebates and Incentives - for Commercial, Industrial and Municipal Applications
Ontario Power Authority – Feed-In-Tariff (FIT) Program gives Canadian companies, investors, and organizations an opportunity to generate revenue as generators of solar electricity. The Ontario Power Authority signs a twenty year contract with generators of renewable energy guaranteeing the purchase of their electricity at a rate above its market value. Through the FIT program Ontario is set to become a leader in the manufacturing, distribution, and installation of solar photovoltaic panels in North America. Companies and organizations can save the environment, generate revenue, and help Ontario to meet its energy needs by investing in solar energy through Ontario's FIT program.
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ecoENERGY for Renewable Heat provides approximately $1800 per BSI Solar Collector panel, in most cases equates to 50% of BSI project cost.
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ecoENERGY Retrofit Incentive for Buildings provides $10/GJ of energy usage reduction.
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ERIP, the Electricity Retrofit Incentive program provides approx.$1200 per BSI Solar Collector panel for retrofitting electric hot water systems.
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Class 43.1 Accelerated Capital Cost Allowance and Canadian Renewable And Conservation Expenses. Accelerate capital depreciation can equate to a saving of 3% of total Project cost per year over the first five years. Depending on corporate tax situation and treatment- this can substantially reduce payback period.
Northern Ontario Heritage Fund. Northern Energy Fund, supporting Conservation and generation initiatives for Northern Ontario. This fund offers subsidies to eligible energy generation projects, up to 75% of project costs.
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Community Power Fund. A financial organization established to support community owned renewable energy projects in Ontario. The grant size and specific eligibility criteria depend on the technology being used. Wind and small hydro projects may be eligible for up to $300,000 in funding, and solar, geothermal and biogas projects may be eligible for up to $50,000.
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