Updated Ontario incentives fuel solar success

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

Since the recent announcement of Ontario’s renewable energy plans, speculation has began to arise about the province’s potential to become the next solar leader. The feed-in tariff — set at an aggressive rate — is expected to fuel the region’s success. 

The FiT for the region guarantees specific rates for renewable energy delivered onto the grid. The incentive is open to all Ontarians, from farmers and factories to homeowners and large-scale power producers. By making the incentive available to anyone – installations large and small – Ontario’s government has provided an opportunity to open up a forceful financing market for solar projects, whatever the size. 

Small PV systems that are equal to or less than 10 kW fall under what the Ontario Power Authority has dubbed the microFIT program. For these rooftop or ground-mounted systems, the FiT is set at C$0.802/kWh (€0.511).

The other various price structures are based on system size and type. For instance, rooftop PV installations ranging from 10kW-250kW will earn C$0.713/kWh (€0.454), while those between 250kW and 500kW earn C$0.635/kWh (€0.405). For rooftop PV systems exceeding 500kW the tariff is set at C$0.539/kWh (€0.343). Ground-mounted systems between 10kW and 10MW earn C$0.443/kWh (€0.282).

There is a separate incentive on top of these tariffs for when Aboriginal bodies and communities undertake ground-mounted PV projects. This incentive is called the “adder”. These adders are capped at an additional C$0.015/kWh (€0.009) for Aboriginal projects and C$0.01/kWh (€0.006) for community projects. The adder incentive was created to entice communities and Aboriginal bodies into the Ontario solar market.

However, the actual adder amount per kWh is determined by a participant’s equity stake in a project. For instance, if a community provides more than 50% equity in a system installation, that community receives 100% of the price adder. Lower levels of equity participation result in lower payments. However, participants must have at least 10% equity stake to qualify for the adder.

“New resources for the community power sector mean that individuals and communities will directly benefit from the government’s plans,” said Deb Doncaster, executive director of the Community Power Fund, in a recent statement.

Kristopher Stevens, executive director of the Ontario Sustainable Energy Association, said that the FiT and new administrative improvements will be beneficial to community-based renewable energy initiatives.

“Streamlined regulations should remove many of the barriers that have been preventing communities from developing green energy projects,” he said. “We will be closely monitoring how effective the programs and regulations are, and we welcome the opportunity to review them in two years.”

28 September 2021
Solar Solutions International is the largest trade show for solar energy in Northwest Europe. Now the solar market has grown up, it's time for the next step. Solar Solutions International displays more than 500 innovations and over 100 practical seminars concerning the latest in energy storage, smart products, and an ever evolving array of solar panels. As an exclusively B2B trade show, Solar Solutions International offers both exhibitors and visitors the chance to network at the highest level. Duurzaam Verwarmd, the largest trade show for sustainable HVAC technology in the Benelux, is held simultaneously. This way your one visit gets you up to date with all of the developments in both sustainable energy and heating.
6 October 2021
Intersolar Europe is the world’s leading exhibition for the solar industry. It takes place as part of The smarter E Europe – the continent’s largest platform for the energy industry. Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.
6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.
18 October 2021
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.
19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.
20 October 2021
Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.

Read Next

September 24, 2021
Independent power producer Catalyze has acquired commercial and industrial (C&I) solar developer Sol Alliance, expanding its presence in the northeast of the US and taking on an 80MW project development pipeline in the process.
September 24, 2021
California Governor Gavin Newsom has signed a US$15 billion package to fund programmes to tackle drought and climate change in the state
PV Tech Premium
September 24, 2021
Concerns have been raised that new measures introduced by Spain’s government to limit windfall profits of renewable energy plants could dent investor confidence and impact the stability of the country’s solar sector.
September 24, 2021
DNV-owned solar monitoring firm GreenPowerMonitor is to integrate Alteso’s solar analytics tech platform into its offering after striking a deal to acquire it.
September 23, 2021
A project that bids to combine up to 20GW of solar PV with the world’s largest energy storage battery and a 4,200km-long subsea power cable has moved a step forward after Indonesian authorities greenlit its proposed transmission cable route.
September 23, 2021
US national residential and C&I solar plant performance assessment company Omnidian has completed a US$33 million Series B raise.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021