The Ontario government is changing the price they will pay for solar power -- here's what they have to say....
"To help ensure the program remains sustainable the OPA has proposed a new price
category for microFIT ground-mounted solar PV projects. Ground-mounted solar PV
projects of 10 kilowatts or less will be eligible to receive a proposed price of
58.8 cents per kilowatt-hour (¢/kWh). Rooftop solar PV projects, as defined in
the microFIT Rules, version 1.4, will continue to be eligible for 80.2 ¢/kWh.
The proposed new price category will better reflect the lower costs to install a
ground-mounted solar PV project versus a rooftop project. It will provide a
price that enables future project owners to recover costs of the projects as
well as earn a reasonable return on their investment over the long term."
The business side of me is actually pretty angry with the move. We are getting ready to file an application - taking the cautious approach. Making sure to comb over a number of deals to make sure when we lock into 20 years -- we don't get the short end of the stick. Now - because we have taken the time to do that (which they encouraged) we are out over 20 cents. After all they said the price wouldn't change until October 2011.
That said - I couldn't figure out how they were going to pay 80 cents to begin with. Although - 58 cents is still too high.
This all makes believing what government says pretty tough to do -- doesn't it....