Finally!
Having begun working in the renewable energy
business in 1982, and after supplying systems to
60 countries around the world, the March 2009
announcement by the Ontario government to
implement reasonable Feed In Tariff rates was a
welcome development. Twenty-seven years isn’t a
lifetime I suppose but it’s getting close!
If this proposed plan is signed into law it will
radically change the appearance of rooftops of
Ontario. For the first time in history, PV will
actually be economically viable for homeowners
and businesses. The proposed $.802/kWh rate makes
photovoltaics very attractive. With a 20-year
power purchase agreement guaranteeing the revenue
stream, and a payback of less than 10 years it is
generating a lot of interest...
A recent report states that the cost of PV
dropped 10% in the last quarter of 2008 and
another 10% so far this year and on track to
further decline throughout 2009. While
manufacturers are likely not thrilled, end users
are happy. However, it is difficult to predict
anything these days with world conditions being
so volatile.
PV for your rooftop can help pay the mortgage,
put money into a savings account, pay for
retirement, you name it. It is a great financial
investment, and by the way, you’re doing your
part for the environment.
Tags: RESOP, FIT, PV, solar