Here in Ontario, the government introduced a program to begin the process of starting up a distributed power generation system. Termed a micro feed-in tarriff program, the Ontario Power Authority promises to pay $0.802 per kWh generated on a rooftop installed solar array. Were we live, we can generate about 13000 kWh per year (after losses), or about $10500 per annum. Not too shabby for something that's on my roof. What's the downside? Cost.
When we first looked into things, the cost was about $8500 per kW installed. Ouch! For an 11 kW array, it would cost about $94k. That's a huge amount of capital that we didn't have. Enter Pure Energies. They're business model is to lay out the capital to buy the equipment and install it on our roof. The agree to pay us a fixed amount for 20 years ($100-ish/month), at the end of 20 years, the array and equipment are ours. They bear all of the capital and maintenance costs. Winner, winner, chicken dinner.
Pure Energies has enabled us to do our part in being the change, make the statement that solar is a good and rational step forward and we make a small amount of cash.
We're happy and looking forward to the day they install it.
|Photo from Pure Energies|