Ontario Power Authority has recently announced the best solar incentives in the world. We in Ontario now have greater incentives than even Germany for solar electricity and we also enjoy higher levels of solar insolation . This is the optimal situation for green investment and solar system feasibility.
Example System:A 10kW Solar PV system can produce 14000 kWh per year of clean renewable electricity. This electricity is then purchased by OPA under a 20 year microFIT contract for the price of 54.9 cents /kWh. The income from this system would be $8,000 /year with as little as $45,000 invested. This would result in an 18% return, a 5.6 yr payback and would generate a profit of about $160,000 under the contract PLUS TAX BENEFITS!. This system would also continue to generate electricity years longer.
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Solar PV Kit
Size
Investment
Income /year
Racking
Return
ROI
12 Modules w/Micro-inverters
3kW
$ 9,400
$ 2,010
Residential sloped
21%
12 Modules w/Micro-inverters
3kW
$ 10,250
$ 2,050
Commercial ballasted
20%
22 Modules w/Micro-inverters
5kW
$ 16,800
$ 3,700
Residential sloped
22%
22 Modules w/Micro-inverters
5kW
$ 18,900
$ 3,800
Commercial ballasted
20%
46 Modules w/Micro-inverters
10kW
$ 34,500
$ 7,800
Residential sloped
23%
46 Modules w/Micro-inverters
10kW
$ 39,000
$ 8,000
Commercial ballasted
21%
Note: All information listed above is based on approximate levels of solar insolation for Southern Ontario. System efficiencies and installation sites may vary. Prices do not include installation costs.