Solar and other renewable energy projects are going strong all over Ontario driven by the province’s Feed-In Tariff program. Businesses, communities, and homes are going green and earning income at the same time. As the FIT program passes its one year mark, I look at some of the experiences accrued so far.
At the summit in Toronto that drew senior executives from Canada and around the world, one common thread emerged: Capital favours sustainable businesses. Deutsche Bank have more confidence investing in companies that disclose their greenhouse gas emissions. Investors see climate change issues as material to their investment decisions. Accountants see environmental information as an integral part of a company’s full performance picture.
Operational since early 2010, the huge 800-panel solar rooftop system costs $1.85 million to build. The third part of this case study focuses on financial details. We look at the startup costs, operating costs, income from the high profile Ontario Feed-In Tariff program, and most importantly, the projected payback period.