Canadian Solar Solutions Inc.
The Potential Market in Ontario
As a result of the Ontario Power Authority's Feed-in Tariff (microFIT) program, rooftop photovoltaic (PV) generation — commonly called "solar power" — is expected to account for 1 to 2 percent of Ontario's energy supply. One percent is equivalent to 100,000 solar residential rooftop installations at an average of 3 kW per roof, according to sources.
By 2011, most of the residential installations will be completed. There will be about seven residential installations for every 1,000 people over the next three years, according to sources.
North America's First Feed-in Tariff Launched
On September 24, 2009, the Government of Ontario officially launched Canada's first feed-in tariff, a new renewable energy program established under the landmark Green Energy Act.
The microFIT Opportunity
Not only will the new microFIT program benefit the environment, create jobs and boost Ontario's economy, but it will offer Ontario homeowners a great investment opportunity.
The table below shows a financial analysis for a 2.5 kW (kilowatt) AC residential system. With a total investment of $12,650 — made up of 30% equity and 70% financing at 4% for 15 years (utilizing a home equity line of credit) — the projected internal rate of return (IRR) is 12.5%. Compare the Canadian Solar Solutions opportunity to the 20-year TSX Composite Index performance of 5.2%. Take advantage of other government incentive programs and improve your return further.
Solar power systems for residential applications can be various sizes up to 10 kW. Factors such as system size and cost of material will influence the final installed cost per watt and long term savings and efficiency. 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.
|Assumptions in Canadian Dollars|
|Estimated Energy Output||3,056 kWh/year|
|PV System Size (AC)||2.5 kW|
|FIT Contract Price (20 yrs)||54.9 Cents/kWh|
|Total Investment||$12,650 Cdn.|
|Debt Interest Rate||4.0%|
|Debt Term||15.0 years|
|Before Tax IRR||13%|
Canadian Solar Solutions offers all residential homeowners a turnkey solution as unique as your home. Contact Canadian Solar Solutions today to get started.
To learn more about the FIT program, please refer to the Frequently Asked Questions section.