Canadian Solar Solutions Inc.
The Potential Market in Ontario
As a result of the Ontario Power Authority's Feed-In Tariff (FIT) program, rooftop photovoltaic (PV) generation — commonly called "solar power" — is expected to account for 1 to 2 percent of Ontario's energy supply, according to sources.
It is also estimated, according to sources, that there will be about two commercial installations for every 10,000 people over the next three years. This means companies related to residential and commercial services can take advantage of this unique opportunity. Such companies include:
- local utilities
- electrical contractors
- roofing companies
- heating ventilation & air conditioning companies (HVAC)
- real estate developers
The FIT Opportunity
In the commercial sector, solar power system sizes and pricing may vary significantly. Based on the FIT program, one of the most attractive, and most popular, product brackets will be the 10 kW to 500 kW PV system, which will have a rate of between 48.7-54.9 cents / kWh. With a full range of photovoltaic products, Canadian Solar Inc. — Canadian Solar Solutions' parent company — has a system that meets your unique needs. Visit the Canadian Solar Products page to learn more.
Particular conditions, such as the type of roof, existing electrical installation, building size, PV system size, even the US currency exchange rate, need to be considered in every case. All of these factors can make a difference in a final installed cost per watt and long term savings and efficiency.
The tables below show a typical estimate of a basic financial analysis for a 250 kW (kilowatt) AC solar power system (PV system) on a building rooftop.
|Assumptions in Canadian Dollars|
|Estimated Energy Output||359 MWh/year|
|PV System Size (AC)||250 kW|
|FIT Contract Price (20 yrs)||53.9 Cents/kWh|
|Total Investment||$1,402,908 Cdn.|
|Debt Interest Rate||8%|
|Debt Term||10.0 years|
|Before Tax IRR||Over 14%|
Either with 100 percent equity investment or a mix of equity plus debt financing, owning a solar power system under a 20-year contract with the OPA's FIT program represents a profitable investment.
In addition, Canadian Solar Solutions meets the domestic content requirements outlined by the Ontario government in its feed-in-tariff program.
Canadian Solar Solutions offers your commercial business a turnkey solution as unique as your business. Contact Canadian Solar Solutions today to get started.
To learn more about the FIT program, please refer to the Frequently Asked Questions section.