Posted on: 13-04-11 21:49:26
Hello Everyone,
I was thinking of installing Solar Panels on my roof top (on my house )Is there anyone here who actually has them installed already?
I am going through the MICROFIT website,however would like to know personal exp. Would like to know what are the costs involved,paper work etc.
Thank You
Prince
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http://www.pictaram.com/user/pannapantry/3267403800
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Quote:
Originally posted by malhans
i will have a solar energy system installed on my roof very soon. This solar system will pay me about $300-$400/month. The system does not cost anything at all. This is how it works. The solar system is leased to me for next 20 years. Ontario govt (under the microFIT program) guarantees the home owners that they will be paid .805 kW for next 20 years for producing the "Green Energy". The solar system produces enough electricity to pay for itself as well as paying me $300-$400/month. All required permits, designing & instalations are done by the solar system providing company. The whole process takes about 30-90 days before the system is installed on your roof. anyone needs any detailed info can contact me (HARINDER) 416-918-4373
Just asking out of curiosity, what is the benefit of the leasing company in this ?
I know in UK they have a similar program where the leasing company will install the panels for free and you can use all free electricity during the day, and they will send the unused electricity back into the grid and this is where the leasing company makes money. But in your case, if the govt. in paying you 80 cents per KW then what's in it to gain for the installer ?
I've heard of microFIT program, but didn't know that you can lease it. If you don't mind, please explain, thanks.
