If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system.
Rent roof for solar panels ontario.
Known as the rent a roof scheme a growing number of companies are offering to fit and maintain solar panels on your roof for free.
Thanks to rising energy prices more and more people are looking to invest in solar energy as a way of saving money and reducing their energy bills making the prospect of free solar all the more tempting.
Power your home with beautiful solar.
Solar lease ppa advantages.
Ontario is ranked the 6 province and territory in the country for solar power.
Solar site leases are an excellent way for a business organization or municipality to support solar energy without worrying about the responsibility of owning and maintaining a solar system.
These projects transform unused rooftop and land space into a clean energy source that will achieve long term energy needs in ontario.
With an integrated powerwall battery energy collected during the day is stored and made available any time effectively turning your home into a personal utility.
However the company installing the panels will keep the lucrative feed in tariff payments.
The main practical distinction between buying and leasing a solar pv system is in ownership.
With solar prices at a record low many homeowners are opting to buy the solar panels instead.
By participating in a solar site lease you convert your roof or land into revenue and help ratepayers in your community that may be unable to host or.
These include wind waterpower renewable biomass bio gas landfill gas and solar photovoltaic solar pv for electricity generating projects in ontario the microfit program is a stream of the fit program.
The ontario power authority opa has developed a feed in tariff fit program for the province of ontario to encourage and promote greater use of renewable energy sources.
In return these rooftop and ground solar systems will generate revenue to you through rent payments while converting these previously vacant spaces into assets capable of increasing property value with no capital outlay.
You pay a fixed price per kwh for power generated by the system.
In most cases your monthly bill will rise or fall with the amount of power your system produces.
If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan.
The rent a roof solar scheme allows you to power your home with free electricity without having to buy solar panels.
