The microFIT Program supports the development of small renewable energy projects, such as solar panel installations. Home owners and other program participants get paid for the power they produce at a guaranteed rate, earning a return on their investment and contributing to a cleaner environment.
The microFIT Program supports the development of small or “micro” renewable electricity generation projects (10 kilowatts (kW) or less in size) such as solar panel installations.
Participants are paid a guaranteed price over a 20-year term (40 years for waterpower projects) for the electricity they produce and deliver to the province’s electricity grid.
Guaranteed prices are designed to:
- cover the costs of a typical project
- earn a reasonable rate of return on the investment over the term of the contract.
The Feed-In Tariff (FIT) Program was developed to encourage and promote greater use of renewable energy sources including on-shore wind, waterpower, renewable biomass, biogas, landfill gas and solar photovoltaic (PV) for electricity generating projects in Ontario.
As a standardized way to contract for renewable energy generation, Ontario’s FIT Program was one of North America’s first comprehensive guaranteed pricing structures for renewable electricity production, offering stable prices under long-term contracts.