Solar panels Ontario is still a hot topic even after the recent microFIT rate review.

The popular microFIT program administered by the Ontario Power Authority pays property owners 54.9 cents per kilowatt-hour (kWh) for rooftop-mounted solar panels and 44.5 cents for ground-mounted solar panel systems. With returns on investment up to 15% depending on the type of system installed it seems like a sure thing.

However, with installation costs starting in the tens of thousands of dollars and horror stories from farmers and residential homeowners, play it safe and do some research before signing any contracts.

What could possibly go wrong you might ask? Imagine spending $50,000 or more, expecting to help the environment and your wallet at the same time and then discovering that you won’t be allowed to connect your solar panel system to the electrical grid.

If you are serious about installing solar panels in Ontario, here are some questions to ask any solar panel company before signing a contract.

Questions You Must Ask Regarding Solar Panels in Ontario

1. Will a roof mounted or ground mounted system work best for your location and how does each system compare in terms of price, return on investment and number of years to pay off.
2. What types of financing are available?
3. Should you form a company to take advantage of HST and other credits?
4. Do you guarantee that the system can be hooked up to the grid?
5. How long will it be until you receive your first cheque.
6. What type of inverters do you recommend and why?

With typical investments for solar panels Ontario starting from $30,000 up to over $80,000 depending on the type of system, you owe it to yourself to contact an experienced and certified solar panel installation company and ask them these questions. Also ask them what other questions you should be asking before making a commitment.

There have been dozens of companies pop up in the last couple of years to take advantage of the microFIT feed in program for solar panels Ontario. Please ask for customer testimonials and insist on phoning at least 2 of them to make sure that the company you are considering paying $50,000 or so is capable of doing the job in an appropriate and timely manner.

To discover what’s required before making the investment in solar panels in Ontario, a thorough consultation should be requested as a first step. You can receive a free no obligation solar panel consulation by phoning 905-581-9944 weekdays from 9AM to 5PM.

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Solar Panels Ontario.