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Completed my OPA and local hydro company applications. With the required approvals, if you install up to 10kW of solar panels the Ontario Power Authority (OPA) will commit to paying you 54. This Ontario program is a license to print money at the expense of all Ontario residents. The first time the contractor closed shop suddenly and the second time the contractor simply stopped returning my e-mails, then my calls. One question that went unanswered is what are the maintenance expenses over the years? Another is will future home buyers give you a fair price for the value of cash need cash flows arising from the panel? The ROR may be sufficient, but the illiquidity can cause problems in some future states of the world.

Does this installation automatically causes you property value to go up, so you get to pay more in property tax (like it happened with wind generators)? Does CRA allow the loan interest to be deducted or is there some restriction due to the nature of this government-sponsored program? Just wait until the Liberals lose power and the contracts are torn up. The first time the contractor closed shop suddenly and the second time the contractor simply stopped returning my e-mails, then my calls. One question that went unanswered is what are the maintenance expenses over the years? Another is need cash will future home buyers give you a fair price for the value of cash flows arising from the panel? The ROR may be sufficient, but the illiquidity can cause problems in some future states of the world. Do your own application, then choose your installer. Just make sure you enter the property owners and property description EXACTLY as it is shown on the Parcel Register. Every space, colon and letter must be exactly the same or it will be rejected. Safest way to do it is copy from the Parcel Register PDF and paste it into the application. Remove the panels and take them with you to your new house.

Keep the contract in place and generate revenue at your new house. Fair enough, but if you wait too long you will miss out on the opportunity to be paid 54. You are not committed to doing it by applying you are just asking OPA to be committed. My understanding is that the current microinverter designs use electrolytic capacitors. If that is the case, those devices will definitely not last 25 years, and your warranty is worthless if the company goes out of business.

Keep that in mind, and consider a single big need cash inverter in a climate-controlled space. If you can provide information to support your point I would be genuinely interested in reading it. My understanding is that the string inverters are typically warrantied for 10-12 years and they are expected to last up to 15 years but definitely not 25. So if you go that route you should budget for an extended warranty or future replacement. I believe that the "odds" a new government would arbitrarily cancel the contracts is very low.


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Tim Hudak has stated that he would stop the program going forward but I believe the risk bad credit and need a loan of a new government cancelling the contracts (there is no provision in the contracts for the OPA to cancel them) AND not paying compensation for violating the terms of the contract to be extremely low. As noted in the title and first post the ROI is much higher than those rates and is contractually guaranteed rather than "implied" (other than the risk of government cancelling the contract without compensation).

In the cash advance roanoke va end each investor must do their best to understand the risks vs rewards. Predicting the acts of future governments is difficult to say the least but hopefully this covers off the available facts of this risk. I fully installed a 10kw system back in February and it is up and running well, and generating income. I am located near the Hamilton area, if anyone is looking for a local reliable installer PM me for details. I think it is a great program, and with a 20 year signed contract with the government should be a good go. Worst case scenario if they break the contract, I am sure they would have to pay some penalty, and then just switch it over to producing for our own house. What are the initial costs for an average suburban single family home? SOUTHERN exposure is the best for maximum return - and room to place about 40 panels (for the full 10kw) If the current shingles are a decade old, should the shingles be replaced before the solar system is installed? As part of the structural engineer, he recommended replacement prior to install - so we are writing off that section of the roof as an expense.

How long does it take to get this done by the contractor? Once you have your approvals and ready to go - generally a couple weeks from start to finish What are the difference between different solar systems that might be available for this program? Is this a build it and forget it installation, or does it require regular maintenance, and if so what are the costs? Set it and forget it unless something goes wrong with a panel or inverter - then swap and replace Is this program the same with every hydro company in ON, or are the differences (restrictions, costs, etc)? Rumours that the government could pull out of their 20 year contract with you, but again RUMOURS. I am sure a class action lawsuit would result given the thousands of homeowners up and going. Can current solar system last the entire duration of the guaranteed income?

Does this installation automatically causes you property value to go up, so you get to pay more in property tax (like it happened with wind generators)? OMB said that it will NOT affect property value, but WILL affect home insurance. Lots of different websites out there - just google microfit and solar panels, etc. What is the increase in home insurance after the installation is done?


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Like any other business income - but according to my calculations as you write down the system, should be year 10 or beyond before you start to really pay. Are there any financial institutions who need cash are willing to finance this long term for a home owner at an attractive rate? Hope this answers your questions, if you have any others feel free to PM me, or I can recommend my installer (or show you my place before), if interested. SOUTHERN exposure is the best for maximum return - and room to place about 40 panels (for the full 10kw) What is the increase in home insurance after the installation is done? The Liberals have already reneged on the previous Solar contracts. The government can seize your property whenever they feel like, for any reason they choose, by passing a law to that effect. For large personal loans example, many WWII veterans came home disabled and unable to manage their financial affairs. The federal govt took it upon itself to be their trustee.

Any trustee has legal obligations to reasonably manage these funds.

Like many things the govt does, it did this incredibly badly. However, the supreme court ruled unanimously in favour of the govt. Now, the government might decide to pay best fast cash loans compensation if they seize your property (to build an airport, subway, etc), but they are only doing that to be nice. Because that it simply too good to be true, and I would hope that my government is not really borrowing money to enrich microFIT participants to such a ridiculous degree. Please read the first post which explains why the opportunity for return is currently so high right now.

But the cost of equipment (my investment cost) has dropped dramatically and for a short time we can still get the 54.

The Liberals have already reneged on the previous Solar contracts. And they paid the gas plant contract holders a fortune to reneg on the contracts. The government can seize your property whenever they feel like, for any reason they choose, by passing a law to that effect. For example, many WWII veterans came home disabled and unable to manage their financial affairs. The federal govt took it upon itself to be their trustee.

Any trustee has legal obligations to reasonably manage these funds. Like many things the govt does, it did this incredibly badly. However, the supreme court ruled unanimously in favour of the govt. Now, the government might decide to pay compensation if they seize your property (to build an airport, subway, etc), but they are only doing that to be nice. I do not dispute this for a minute and it is an excellent point that not only could the government stiff us on the solar contracts with out compensation, they could also take away our land and probably our bank accounts too. Not too sure why you guys are talking about this when no one on here has installed any panels and signed a contract with the government.


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The only way to know is for someone to do it and show the rest of us the statements of income. If I was in a country with 12 summer months, then it will be worth it. We highly encourage you to update your browser to the latest version of Internet Explorer, or use another browser such as Google Chrome or Mozilla Firefox. RedFlagDeals for iOS and Android makes it easy to stay on top of the latest Canadian deals, flyers and freebies from wherever you are! RedFlagDeals for iOS and Android makes it easy to stay on top of the latest Canadian deals, flyers and freebies from wherever you are! And, gives flexibility to expense HST if new equipment needed down the road (replace inverters). Moon point though if accountant is hired to do HST returns and charges fees larger than subsidy amount. I already deducted HST expense for the extended warranty I purchased which covers the Solaredge inverter for about 25 years. I already deducted HST expense for the extended warranty I purchased which covers the Solaredge inverter for about 25 years. I was referring to quick method HST, where you get to keep some of HST collected. Basically you get paid to file your HST every year, and keeping an option to still be able to get HST refunded for personal loan form any capital spend down the road.

I was referring to quick method HST, where you get to keep some of HST collected.

Basically you get paid to file your HST every year, and keeping an option to still be able to get HST refunded for any capital spend down the road. I wish to begin using the quick method of accounting effective the first day of my reporting period beginning: YYYY MM DD Pages 5 and 6 of the document below provide details on eligibility for the Quick Method. Solar power generation business would NOT be in the ineligible list (eg it is eligible). I never thought of doing that, just cancelled both my HST number and the HST payments from Hydro at same time. I was referring to quick method HST, where you get to keep some best personal loan interest rates of HST collected. Basically you get paid to file your HST every year, and keeping an option to still be able to get HST refunded for any capital spend down the road. I wish to begin using the quick method of accounting effective the first day of my reporting period beginning: YYYY MM DD Pages 5 and 6 of the document below provide details on eligibility for the Quick Method. Solar power generation business would NOT be in the ineligible list (eg it is eligible). The only catch would be if you used the same HST number for a business that is not allowed to use the quick method (accounting, bookkeeping, consulting, etc): Thanks OP.

I elected to start using quick method via online service, very quick and simple. Please keep us posted if you find any cons associated with quick method.