Grasshopper Solar

Grasshopper Solar

July 26, 2011 08:00 ET

Grasshopper Solar Introduces a Solar Lease Program for Ontarians

Grasshopper Solar Introduces a Solar Lease Program to Support the Demand for Solar Systems in Ontario

TORONTO, ONTARIO--(Marketwire - July 26, 2011) - Grasshopper Solar, one of the first and largest Canadian Company to deliver turnkey solar power solutions under OPA's microFIT program, announces today the introduction of the Solar Lease Program for Ontario property owners – a hassle-free solar system solution for Ontarians. Grasshopper is helping Ontarians tap into a $45 million fund available for property owners to apply and qualify for getting solar system on their roof. "After servicing thousands of customers, we recognize the demand for solar systems and our customers are realizing the environmental and financial benefits from selling the power to the grid. Our mission is to make solar systems available to everyone and we want everyone to play a role in building our province's green economy." said Azeem Qureshi, CEO at Grasshopper Solar. Grasshopper Solar will be engineering, installing, monitoring and maintaining the systems without any upfront capital investment from the property owner. "We recognize that the green movement is important to many people and we want to help. We have now eliminated the financial barrier of entry to people interested in having a solar system on their property".

Grasshopper Solar recognizes the strong market demand for solar power systems to make Ontario a world leader in the renewable energy sector and is working with local business and property owners to educate and help them adopt the technology. Traditionally, the system's installation and maintenance require a large investment; Grasshopper Solar has now reduced the point of entry for Ontarians looking to take part in the green initiative. The Solar Lease Program offers the full benefits of a turnkey solution but at no cost to participate. "I have a guaranteed income and my home has appreciated in value. It feels great to be part of our province's green initiative." said Imad Syed, a program participant.

Grasshopper Solar's province wide operations have already serviced many Ontarians with their turnkey solar system solutions. Grasshopper Solar continues to deliver its turnkey solar power systems across all market sectors (residential, commercial, institutional, industrial and rural) in Ontario to help their clients take advantage of the OPA's FIT and microFIT program. More information on Grasshopper Solar can be found at www.GrasshopperSolar.com.

About Grasshopper Solar

Grasshopper Solar provides turnkey solar power system solutions across Ontario helping their customers in the residential, commercial, institutional, industrial and rural market sectors profit from the Ontario Power Authority's (OPA) Feed-in Tariff (FIT) and microFIT programs. For more information please visit www.GrasshopperSolar.com.

About OPA microFIT Program

The microFIT Program is a stream of the Ontario Power Authority's (OPA) Feed-in Tariff (FIT) Program for renewable energy in Ontario. It is intended to encourage the development of "microscale" renewable energy projects across the province. Owners of these projects will be paid a fixed price for the electricity they produce. Prices are set at a level intended to enable project owners to recover the costs of the projects, as well as to earn a reasonable return on their investment over the term of the contract. For small solar power systems installed in Ontario equal to or less than 10 kilowatts (kW) the government will pay the system owner at a rate of 80.2 cents ($0.802) for every kilowatt hour (kWh) and 64.2 cents ($0.642) per kWh the system produces for a guaranteed term of 20 years.

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