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NOTE - Once your new rate plan is in effect, there will be a 2-3 week personal loan with low interest delay to update your online usage display. Once the update is complete, your energy usage and billing information will be shown retroactively to your effective date. Well at least they now say there will be a 2-3 week delay to update the website. And my request was originally approved October 24 and my last billing period ended November 22, so that should mean that I should have been switched to Tiered starting November 23, but the rep told me November 27 when I called yesterday. The new RPP Time-of-Use (TOU) prices set by the OEB for January 1, 2021 are shown in the table below. The table also shows the hours to which those prices apply: The winter TOU price periods and the winter tier threshold for residential customers that took effect on November 1, 2020 are not changing on January 1, 2021 The new RPP Time-of-Use (TOU) prices set by the OEB 1000 loans for January 1, 2021 are shown in the table below. With the new first tiered rate now being closer to the new off-peak rate it might make it better for me to switch to tiered. We highly encourage you to update your browser to the latest version of Internet Explorer, or use another browser such as Google Chrome or Mozilla Firefox. RedFlagDeals for iOS and Android makes it easy to stay on top of the latest Canadian deals, flyers and freebies from wherever you are!
RedFlagDeals for iOS and Android makes it easy to stay on top of the latest Canadian deals, flyers and freebies from wherever you are! With the required approvals, if you install up to 10kW of solar panels the Ontario Power Authority (OPA) will commit to paying you a fixed kWh you produce. It does however give you the opportunity to get in on the the microFIT program at the current price. Price of equipment was roughly double what it is today. I got into the program (panels went live June 20, 2013) and started this thread to let others know about the great opportunity. Not so great considering the illiquidity of the investment. Although there are different options on what you can do if you sell your home after installing the panels it is difficult to be certain. Options are: take the panels with you (but contract is terminated), rent the roof from the buyer for the remainder of the contract, sell the panels and contract.
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Completed my OPA and local hydro company applications. With the required approvals, if you install up to 10kW of solar panels the Ontario Power Authority (OPA) will commit to paying you 54. This Ontario program is a license to print money at the expense of all Ontario residents. The first time the contractor closed shop suddenly and the second time the contractor simply stopped returning my e-mails, then my calls.
One question that went unanswered is what are the maintenance expenses over the years? Another is will future home buyers give you a fair price for the value of cash flows arising from the panel?
The ROR may be sufficient, but the illiquidity can cause problems in some future states of the world.
Does this installation automatically causes you property value best private loans to go up, so you get to pay more in property tax (like it happened with wind generators)?
Does CRA allow the loan interest to be deducted or is there some restriction due to the nature of this government-sponsored program? Just wait until the Liberals lose power and the contracts are torn up. The first time the contractor closed shop suddenly and the second time the contractor simply stopped returning my e-mails, then my calls. One question that went unanswered is what are the maintenance expenses over the years? Another is will future home buyers give you a fair price for the value of cash flows arising from the panel? The ROR may be sufficient, but the illiquidity can cause problems in some future states of the world. Do your own online loan lenders application, then choose your installer.
Just make sure you enter the property owners and property description EXACTLY as it is shown on the Parcel Register. Every space, colon and letter must be exactly the same or it will be rejected.
Safest way to do it is copy from the Parcel Register PDF and paste it into the application. Remove the panels and take them loans for bad credit no fees with you to your new house. Keep the contract in place and generate revenue at your new house.
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If you can provide information to support your point I would be genuinely interested in reading it. My understanding is that the string inverters are typically warrantied for 10-12 years and they are expected to last up to 15 years but definitely not 25. So if you go that route you should budget for an extended warranty or future replacement. I believe that the "odds" a new government would arbitrarily cancel the contracts is very low. Tim Hudak has stated that he would stop the program going forward but I believe the risk of a new government cancelling the contracts (there is no provision in the contracts for the OPA to cancel them) AND not paying compensation for violating the terms of the contract to be extremely low. As noted in the title and first post the ROI is much higher than those rates and is contractually guaranteed rather than "implied" (other than the risk of government cancelling the contract without compensation). In the end each investor must do their best to understand the risks vs rewards. Predicting the acts of future governments is difficult to say the least but hopefully this covers off the available facts of this risk. I fully installed a 10kw system back in February and it is up and running well, and generating income. I am located near the Hamilton area, if anyone is looking for a local reliable installer PM me for details. I think it is a great program, and with a 20 year signed contract with the government instant cash loan should be a good go. Worst case scenario if they break the contract, I am sure they would have to pay some penalty, and then just switch it over to producing for our own house. What are the initial costs for an average suburban single family home? SOUTHERN exposure is the best for maximum return - and room to place about 40 panels (for the full 10kw) If the current shingles are a decade old, should the shingles be replaced before the solar system is installed?
Rumours that the government could pull out of their 20 year contract with you, but again RUMOURS.
I am sure a class action lawsuit would result given the thousands of homeowners up and going. Can current solar system last the entire duration of the guaranteed income? Does this installation automatically causes you property value to go up, so personal loans based on income only you get to pay more in property tax (like it happened with wind generators)? OMB said that it will NOT affect property value, but WILL affect home insurance. Lots of different websites out there - just google microfit and solar panels, etc. What is the increase in best private loans home insurance after the installation is done? Like any other business income - but according to my calculations as you write down the system, should be year 10 or beyond before you start to really pay. Are there any financial institutions who are willing to finance this long term for a home owner at an attractive rate? Hope this answers your questions, if you have any others feel free to PM me, or I can recommend my installer (or show you my place before), if interested.
SOUTHERN exposure is the best for maximum return - and room to place about 40 panels (for the full 10kw) What is the increase in home insurance after the installation is done? The Liberals have already reneged on the previous Solar contracts.
The government can seize your property whenever they feel like, for any reason they choose, by passing a law to that effect.