What is the Feed-in Tariff (FIT)?
On September 24, 2009, the Government of Ontario officially launched Canada’s first feed-in tariff, a new renewable energy program established under the landmark Green Energy Act. The microFIT Opportunity Not only will the new FIT program benefit the environment, create jobs and boost Ontario’s economy, it will also offer Ontario homeowners and small commercial businesses a great investment opportunity through the microFIT program.
On September 24, 2009, the Government of Ontario officially launched Canada’s first feed-in tariff, a new renewable energy program established under the landmark Green Energy Act. A feed-in-tariff (or FIT) is a 20-year contracted rate paid for renewable energy generation. It provides standardized program rules, prices and contracts. Feed-in-tariffs refer to the specific prices paid to renewable energy suppliers for all of the electricity produced by the generating facility. the pricing structure provides a reasonable return on investments and is differentiated by project size and technology type. The microFIT Opportunity Not only will the new FIT program benefit the environment, create jobs and boost Ontario’s economy, it will also offer Ontario homeowners and small commercial businesses a great investment opportunity through the microFIT program.
