Started in 2009 to attract investors, create clean energy jobs and develop renewable energy technologies, Ontario’s FIT (Feed-in Tariff) is a program to help improve air quality and Ontario’s dependence on fossil fuels. The goal of this program is to phase out coal-fired energy generation in 2014 to reduce the impact of energy generation on the environment.
The Canadian government released a report in 2012 entitled the FIT Two-Year Review Report. At this time, there were several changes to the FIT program, which allowed the government to determine the effectiveness of the program and how to ensure the program’s continued success.
The Independent Electricity System Operator executed changes on both the IESO microFIT and FIT programs to guarantee lower prices, create new jobs, allow the communities to have a say in the program and provide long-term sustainability of renewable energies in the area.
Ontario is committed to building a modern, reliable clean electrical system and encourages innovation for new energy generation projects. The FIT program supports the development of energy initiatives to will propel the area toward a future reliability solely on clean energy.
Understanding the Ontario Feed-In Tariff Program (FIT)
The FIT program was developed to allow business owners, private developers, communities and homeowners to generate their own renewable energy and sell any excess to the province at a fixed price through the contract terms. If you use renewable energy, such as wind power, solar photovoltaic (PV) power, water power, biogas, landfill gas or biomass energy, you can apply for the FIT program.
The Independent Electricity System Operator manages the FIT Program. The FIT program is the first comprehensive feed-in tariff program in all of North America. The program is divided into two different categories, depending on the amount of electricity that is generated. The first step is to enroll for an energy audit Ontario program to see if you are a match for the program.
The FIT program is the larger energy program that covers energy projects that generate between 10 kilowatts and 500 kilowatts. It is available to all types of energy generators, including cooperatives, developers, Aboriginal communities and municipalities. The microFIT program is for projects that generate less than 10 kilowatts. This program is perfect for farmers, homeowners and institutions, including houses of worship and schools.