MicroFIT Solar Panel Home Installation

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Over the summer and early fall we wrote about our own experiences with the Ontario MicroFIT program which provides a 20 year contract at a fixed price rate to purchase all of the electricity a household or farm can produce. In our case we were considering installing solar panels on the south-ish facing and the west-south facing roof of our home. We haven't yet proceeded. As of the time this article was written, we had not yet received our conditional contract from the Ontario Power … [Read more...]

microFIT vs RRSP – Is There Not One Definitive Answer?

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No. Well, you asked. :) The past few articles in this microFIT vs RRSP series compared the financial results of investing the cost of our microFIT quote in a microFIT roof mount solar PV installation vs simply investing that money in an RRSP. Andrew from Solsmart was very helpful in validating my earlier analysis and offering other perspectives. And no, we have not signed a contract with anyone. From the previous articles, here are the relevant summarized financial information at the … [Read more...]

microFIT vs RRSP Conclusion?

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In the first of this three part article, we described a comparative investment to the microFIT renewable energy program for individuals; that being the Registered Retirement Savings Plan (RRSP) or the Spousal Retirement Savings Plan (SRSP). I suggest you refer back to the microFIT vs RRSP article for many details and assumptions, etc. I will also repeat a statement from that article: "Remember, everyone’s own personal situation is unique. Before you make any decision you should contact … [Read more...]

microFIT VS RRSP

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I'll be direct. The point of this three part article is to simply make you consider alternative uses of money you might otherwise commit to a solar panel PV installation under the Ontario microFIT program. I am not for or against the microFIT program. As someone who is pro-energy conservation, I am glad there is some financial assistance for renewable energy generation. I am first and foremost for my family's own financial well being, as you should be for yours. As I haven't yet seen a … [Read more...]

Financial Discussion of microFIT Solar PV Assessment

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In this continuing series of our own experiences with the Ontario micro-FIT solar PV program, I provided the details of the quote we received following the on-site solar assessment from Sun Volts Unlimited; please do access that article for the details of the quote. Today, following some time to reflect and analyze the details and in receipt of some additional information from Sun Volts, I thought it would be interesting to focus on the financial impact. Yes, the altruistic objectives of … [Read more...]

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