Toronton Company offering Free Solar Panels!

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I just finished reading an article highlighting a Toronto based company that is creating a business model after the new feed in tariffs available from the government for clean energy. The company will install a full on $40,000-$50,000 PV system on your roof and pay for all costs. It will then collect the 80 cents for every kilowatt hour generated, and pay a percentage to the homeowner. It's that simple. And after the contract expires, the homeowner can buy out the system for $1.

This business model seems like a win for everyone, and will definitely help increase the overall numbers of people with these type of clean energy systems.

For more details on the business model and the company, check out the article linked below.

When Solar make sense E N V I R O G Y

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That's a very good point. The article does touch on this saying:

"For all intents and purposes the ability to lease ones’ roof to a company that will use it to create clean energy is a great idea, but one has to consider that an 80 cent Feed-in Tariff (FIT) rate for photo-voltaic electricity generation needs to be paid by electricity rate-payers. With a projected cost increase of 25% for basic hydro over the next year it might actually turn out that the profits one thought they would be experiencing from installing solar panels on their roof tops will actually mitigate the cost of paying for the electricity these massive Feed-in Tariffs create. The ironic thing is as more home owners choose to install Pure Energies panels the cost of electricity increases for everyone. "

However, it also goes on to say:

"his could be a benign point considering electricity prices are expected to rise anyways. The rationality for a homeowner to lease their rooftop should be that if everyone’s electricity rates are increasing why not take advantage of the reason they are increasing (FIT) and make some money back from extremely expensive energy production."

I know that in Ontario at least the rates are going way up no matter what.

But I am kind of looking at this whole thing in a different light. The way I look at is that you shouldn't expect to make any money off of the panels as a homeowner. Instead let this whole thing act as a way for your government to pay for solar power that is non-centralized, and create clean power without having to build more coal plants ect. Does that make sense? Do you think that that would work and that this could just be a great catalyst for new homes being built to have this type of system? Plus when the contract is over you will be almost energy independent.