** Note: The Ontario provincial government has canceled the FIT program so that no new applications are being accepted. The content below is historical only.
Overview of FIT
- Allowable project size is between 10 and 500kW
- All of the solar generation is put directly into the electrical grid
- Solar energy is purchased by the government through the local utility company at a premium rate
FIT Project by Flanagan and Sun: Buckhorn Community Centre 73.3kW, Trent Lakes, ON
What You Can Expect from a FIT System
- Total cost (including installation, utilities fees, building permit, ESA permit, electrician’s fees, engineering) wiill depend on a number of factors but would typically be between $2.00 and $3.00 per watt. For example, a 100kW system would cost between $200 000 and $300 000.
- The IESO just released new pricing for 2017 FIT projects under FIT 5. The full price schedule can be found here. The annual expected income for a south-facing, unshaded roof surface for a 100kW FIT system, for example, would be around $25 000.
- Typical return on investment would be between 5 and 8% per year averaged over the 20 year contract period
FIT Project by Flanagan and Sun: Lakefield College School 100kW, Lakefield, ON
Contract, Exhibits and Forms
Aboriginal Participation Declaration
- Prescribed Form — Aboriginal Participation Project Declaration — versions 1.3 and 1.5
- Schedule A — Aboriginal Participation Project Economic Interest Breakdown — versions 1.3 and 1.5
- Prescribed Form — Aboriginal Participation Project Declaration — versions 2.1.1 and 3.0.1 and 3.1.1
- Schedule A — Aboriginal Participation Project Economic Interest Breakdown — versions 2.1.1 and 3.0.1 and 3.1.1
Community Participation Declaration
- Prescribed Form — Community Participation Project Declaration — versions 1.3 and 1.5
- Schedule A — Community Participation Project Economic Interest Breakdown
- Schedule B — Statutory Declaration of Ontario Residency
- Prescribed Form — Community Participation Project Declaration — version 2.1.1 and 3.0.1 and 3.1.1
- Schedule A – Qualifying Member Consent and Declaration – version 2.1.1 and 3.0.1 and 3.1.1
FIT Project by Flanagan and Sun: Dykstra 224kW in Belmont, Ontario
Flanagan and Sun – FIT – Peterborough and the Kawarthas. For more information, contact us today!