Rent Roof For Solar Panels Ontario

If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan.

Rent roof for solar panels ontario.

The rent a roof solar scheme allows you to power your home with free electricity without having to buy solar panels. By participating in a solar site lease you convert your roof or land into revenue and help ratepayers in your community that may be unable to host or. Ontario is ranked the 6 province and territory in the country for solar power. Power your home with beautiful solar.

However the company installing the panels will keep the lucrative feed in tariff payments. This is a complete solar power guide for ontario including info on solar energy incentives solar power financing solar costs and utility policies. Solar lease ppa advantages. These include wind waterpower renewable biomass bio gas landfill gas and solar photovoltaic solar pv for electricity generating projects in ontario the microfit program is a stream of the fit program.

You pay a fixed monthly amount to use the energy generated by the solar system on your roof. Known as the rent a roof scheme a growing number of companies are offering to fit and maintain solar panels on your roof for free. The main practical distinction between buying and leasing a solar pv system is in ownership. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system.

In most cases your monthly bill will rise or fall with the amount of power your system produces. These projects transform unused rooftop and land space into a clean energy source that will achieve long term energy needs in ontario. In return these rooftop and ground solar systems will generate revenue to you through rent payments while converting these previously vacant spaces into assets capable of increasing property value with no capital outlay. You pay a fixed price per kwh for power generated by the system.

The ontario power authority opa has developed a feed in tariff fit program for the province of ontario to encourage and promote greater use of renewable energy sources. Thanks to rising energy prices more and more people are looking to invest in solar energy as a way of saving money and reducing their energy bills making the prospect of free solar all the more tempting. Solar roof complements your home s architecture while turning sunlight into electricity.