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.
Lakefront’s Net Metering Program
Lakefront’s Net Metering program is available to any customer generating electricity primary for their own use. The generation must be from a renewable energy source such as winter, water, solar, agricultural biomass. If your generation facility is greater than 10 kW, a Connection Impact Assessment must be completed. To get started, please fill out this form.
Once connected to Lakefront’s distribution system, we will start reading your meter(s), monthly. Lakefront will then subtract the value of electricity you supply to the grid from the value of what you take from the grid. What you’ll see on your monthly bill is the “net” difference between these two amounts. If you supply more power than what you take from the grid over the billing cycle, you’ll receive a credit towards future energy bills. Available credits will be applied, as required, but will not exceed the value of electricity consumed from Lakefront’s grid. Credits carried for 12 consecutive months will expire. Unused credits will be reduced to $0.00. HST will be applied to your monthly bill based on the gross supply of electricity, not the net supply.
For more information, please contact us at firstname.lastname@example.org.