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Microfit Solar Financing
Consider the benefits of generating green energy from renewable sources such as the sun, wind, water or bioenergy, and selling it for a guaranteed price. You can be part of Ontario’s growing green energy movement, make money and contribute to a cleaner environment.
If you are a homeowner or an eligible participant, you have the opportunity to develop a very small or “micro” renewable electricity generation project (10 kilowatts or less in size) on your property. Under the microFIT Program, you will be paid a guaranteed price for all the electricity your project produces for at least 20 years.
For an overview of the program, visit the Ontario Power Authority microFIT website.
Features and qualifications for the MicroFIT loan
- Financing can include purchase of equipment, HST and installation fees.
- 5-year term with amortization available up to 10 years
- Interest rate is Credit Union Prime + 3%
- Fees are determined upon application
- Approvals based OAC.
- 80% of projected Microfit income will be used in debt ratio calculations
- Approved Microfit contract required
For more information, or to apply, contact:
M.E. Smith, Kakabeka Falls Branch
Call 807-475-4276 or
Email mesmith@provincialalliance.com
