Powering the Future ™
Contact: 905-728-2133
kinvatosolar@gmail.com

New Ultra Low Hydro Rate in Ontario

The Province of Ontario has announced (May 2023) an ultra low rate (ULR) for 2.4 cents per kWh for any hydro consumed between 11 PM and 7:00 AM in the morning. This applies to any hydro service with a peak load of less than 50K. One would use a Battery Energy Storage System (BESS) to power your operations during the day and recharged it at night. This is ideal for any business such as coffee shops, restaurants, Gas Bars, convenience stores, fitness clubs. Any business with operates 24/7.

Moreover, if you are concerned with blackouts- one could install a back up generator to recharge the BESS etc. Thus, you would have cheaper hydro and an uninterruptible power supply (UPS). Moreover, in addition to the new 30% Federal Investment Tax Credit (ITC), a BESS is eligible for interest free loans from the Government of Canada and incentives from Enbridge Gas.

New 30% Federal Investment Tax Credit

The Federal Government of Canada has just introduced a 30% Investment Tax Credit for renewables. This includes a variety of technologies which are eligible for this preferential tax treatment.

I started out by putting a Solar System on my own Home.

 

I then did many typical rooftop installations under the MicroFIT program.

I also did a few ground mounts.

Then I installed a few smaller Industrial sites

and then did larger sites under the FIT program. I will still install a system at a homeowner’s request, however, I do not actively solicit this market.

Carbon Credits in Alberta

In addition to the 30% Federal ITC, in Alberta you can monetize the carbon credits that a solar system produces. I have enclosed a schedule of the carbon credits for a hypothetical one (1) MW (DC Nameplate) solar system in Alberta which are worth $500,000 over the ten (10) year contract period. (There are no carbon credits available in Ontario).

 

Contact me on LinkedIn |