FIT Projects

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

Buckhorn Community Centre 73.3kW, Trent Lakes, ON

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

Lakefield College School 100kW, Lakefield, ONFIT Project by Flanagan and Sun:  Lakefield College School 100kW, Lakefield, ON

Contract, Exhibits and Forms

Dykstra 224kW in Belmont, Ontario

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!