Selling Solar Energy Back To The Grid Ontario

But the 10 000 to 15 000 needed to buy a typical residential solar array means it could take 15 years to recoup the investment at the price offered to sell solar electricity back to the utility in ontario.

Selling solar energy back to the grid ontario.

The 11 cents paid for wind power and small hydro may be profitable they say. That s right for savvy consumers solar energy can both save and earn all at the same time. You can sell your solar power back to a utility company. According to data from national resources canada the average solar system in ontario can produce 1166kwh of electricity per kw of solar panels per year.

Alternatively you can sell electricity to the grid through the ontario power authority s feed in tariff fit program which covers wind hydro solar and bioenergy technologies. Some 800 000 householders. The solar panels on mike brigham s roof in toronto allow him to sell power back to the grid. Rooftop solar panel owners could be getting charged fees to sell energy back to the grid by nick harmsen posted 17 m minutes ago thu thursday 16 jul july 2020 at 10 35am.

New information will be posted shortly. He says solar provides power when ontario most needs it when the sun is hot and air conditioners. If you are interested in generating electricity from renewable resources and wish to either sell this energy or to earn credits toward your energy bill the government has in the past few years introduced several separate initiatives. A solar feed in tariff is a credit you receive for excess solar power that your system generates and exports back to the grid feed in tariffs are typically between 9 15c per kilowatt hour kwh but the rates vary in each state and are ultimately determined by your electricity retailer.

Under fit you typically sell all your electricity to the grid at the contracted price and then buy back the energy you use at market prices. When your grid tied solar energy system produces more power than your home needs you can send that excess energy back to the grid. Lower their bills by selling the energy they do not need to their supplier. The ontario government is taking steps to promote the development and use of renewable energy.

Net metering is a solar incentive born out of a relationship between a solar user and its utility that allows both parties to benefit from grid tied solar energy.