Toronto Hydro Setback.

Today’s Toronto Star Headline “Denied hike, Hydro axes jobs” could have repercussions in the form of delays connecting microfit projects to the grid. I hope I am wrong about this but seems that microfit projects will probably continue to be low on the priority list so barring a change in priorities I think it is safe to assume that the wait for connection will be longer.

Solar projects deliver energy where its needed since the electrons don’t go further than neighbors’ homes so theoretically, the more pv systems connected, the less the need to upgrade the local distribution system. If Toronto Hydro sees it this way perhaps they will place more importance on making our connections.

High Finance.

A meeting with a financier last week-end was very favorable and it looks like we can soon arrange financing for FIT systems at 6% over 18 years. An excellent deal for owners of large flat roofs seeking to invest in the guaranteed returns offered by the Feed-In Tariff.

During 2012 we will be approaching holders of unbuilt FIT projects that are stranded by lack of financing to offer this excellent package in tandem with our very experienced installer partner.

 

Jan 11,2012