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Our Solar News Articles! Helpful information related to solar energy in Ontario.

 

Tax Benefits - Fit or MicroFIT Solar Program In Ontario

 
finance solar ontario

A common question asked by those interested in Ontario's FIT or Microfit solar program is, "Do I have to pay tax on the revenue I earn?" The simple answer is yes. However, there is no need to be too upset by this because there are also tax benefits that help offset the additional income a solar system will generate. By opening up a business which can be done online in minutes and acquiring an HST number, there are major tax benefits that open up to the individual.

With an HST number in Ontario, all of the costs associated with the solar system installed on your property are subject to capital cost allowance (CCA). This means that the cost of the installation itself, insurance expenses or any maintenance costs that are directly attributed to your solar system are written off as expenses. The biggest expense...

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Monocrystalline or Polycrystalline Solar Panels?

 
monocrystalline or polycrystalline solar panels

Answering the question of which photovoltaic (PV) solar panels are better, monocrystalline (mono) or polycrystalline (poly), is not as simple as it seems. Even though it's a very popular and necessary question that needs to be answered when designing a solar system it's not usually the first question to be asked. To be honest, it's usually one of the last questions to be answered.

There are a few main questions that need to be answered before deciding on whether to go with either mono or poly solar panels. You need to know the amount of space you have to install solar panels, the amount of solar power you wish to produce and the budget you have to...

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Did You Know Banks are Eager to Finance Your Solar Installation in Ontario?

 
finance loan solar canada

With the emergence of the MicroFIT program at last came an opportunity for residents of Ontario to install green energy products on their property as an investment. Guaranteed for 20 years the MicroFIT contract is averaging a 15% return on investment (ROI). How do your investments compare to that figure? The vast majority of us will say that their current investments don't even come close to a 15% return. This is the primary reason why the Ontario MicroFIT program has taken off in popularity. But it's not just popular with those that can afford to lay out the initial installation investment the MicroFIT program is also very popular with banking institutions; specifically helping Ontario residents by offering low...

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