iSolara Solar Power

iSolara Solar Power

October 14, 2014 09:00 ET

iSolara Salutes Ontario Power Authority Decision to Support a Fair Tariff for New Solar Panel Installations

OTTAWA, ONTARIO--(Marketwired - Oct. 14, 2014) - Following extensive campaign efforts on behalf of our future customers, iSolara is pleased to announce that the OPA has confirmed a tariff of $0.384/kWh for all new solar PV microFIT installations.

"It is great to see that the Ontario Power Authority has maintained reasonable pricing for new microFIT and FIT customers in 2015." said Warren Abar, Founder and CEO of iSolara Solar Power. "This is certainly a welcome boost to an industry that will leverage the stability this tariff provides to create even more local sustainable jobs and provides significant lift to the local green economy."

FIT price review is a regular part of the programme as the installed costs continue to decline.

The tariff will be in place until at least 2015 for all new solar PV microFIT installations. Previously installed systems will be unaffected as they will continue to generate revenue at the tariff applicable at the time of installation. This represents a minor reduction of 3.1% from the previous tariff of $0.396/kWh and as installation costs have fallen by over 50% in the last four years the return on investment to the customer is still significant.

The microFIT program started in 2009 in conjunction with the Green Energy and Green Economy Act (2009) to promote and increase renewable energy usage in Ontario. Homeowners, businesses, farms and municipalities can install a solar energy generating system of up to 10kW (40 panels) and sell back energy to the hydro provider at a fixed price for a 20 year period.

"Those panels you might see springing up on roofs in our neighbourhoods are part of a growing energy revolution. More than 20,000 Ontarians have already made the decision to invest for a healthy return for them and the planet through the OPA microFIT programme" Said Abar.

iSolara opened its doors in 2003 and has been providing well-installed high quality renewable energy systems all over Eastern Ontario.

About iSolara

iSolara Solar Power was formed in 2003 with the clear goal of providing well-installed, high quality renewable energy systems to reduce the effects of Global Warming. We are a passionate team of individuals that thrive on demonstrating our personal values through our work. Each of us believes in working hard, earning the trust of our customers & partners, delivering projects of the highest quality and enjoying the satisfaction of a job well done.

It has been our privilege to work with many customers that share our determination to change our country's reliance on non-renewable energy sources.

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