Powering the Future ™
Contact: 905-728-2133
kinvatosolar@gmail.com
The whole issue of “grid parity” can only be discussed in the context of a specific geographical/legal entity for any particular Province or State. Any general discussion is meaningless so beware of any such general conclusions.
The “Spark Spread” is simply the cost of buying direct from the grid vs producing hydro onsite via a natural gas generator. In Ontario the average medium to large size Commerical/Industrial users pays between 19 to 22 cents per kWh vs 7.5 to 8 cents per kWh hour via a generator. (Which Includes fuel,carbon taxes, O & M, capital replacement etc all. Due to low interest rates and the wide spark spread I can offer a purchase, lease , lease to own or a shared savings model for both Class “A” and Class “B” end users.

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.

Hydro Market in Ontario

As of 2017 the Province of Ontario eliminated both the microFIT (homeowners up to 10k (AC)) and FIT up to 500K (AC)) and now only offer a Net Metering Program. While the generous FIT rates have been eliminated there is a 10MW cap on new projects. (As of now there is no an effective manner to monetize the carbon credits via an energy renewable certificate etc). The Province of Ontario has the highest rate(s) of hydro in continental North America. The fact is that the total cost of hydro for most jurisdictions in the USA is lower than the Global Adjustment in Ontario.

VERY IMPORTANT: While the commodity price of hydro is the same (i.e. OHEP + Global Adjustment) for all users (within the same Classification), the local transmission/connection and distribution charges vary widely among the different LDC’S (i.e. Hydro Companies) in Ontario. Thus, even within the same company, different locations will have different solutions, payback(s) and of course different ROI’s etc. There are 89 LDC’s in Ontario, all again with varying demand charges with different scheduled rate increases through the Ontario Energy Board (OEB) application process. Thus, you have to review both your current terms/conditions of service with an eye to any pending rate application increases at the OEB.

Completed Projects Picture Gallery Coming Soon

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 mount.

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 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).

 

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