How does this benefit home owners in solar mounting system?

How does this benefit home owners in solar mounting system?

There are two main benefits - directly to the homeowner and then as a whole for Ontario.

1.      Well first of all, to encourage homeowners to participate in the program the return on investment is set at about 8%. This means you get to sign a 20 year contract with the Ontario Power Authority and create a little business generating electricity. The 8% ROI is calculated based on the costs of buying and installing a renewable energy system such as Solar Panels. This is new to the Province and you can expect prices to change as the costs of renewable energy systems come down in price; however the 8% ROI should remain the same.

2.      The big picture is that it drives a renewable energy industry, creating jobs and reducing our carbon footprint. We go to a distributed energy production from a centralized system so negating the need for building new expensive solar clamp, we can turn off coal-fired plants and reduce the importation of expensive and dirty power during our peak loads in the summer therefore decreasing air pollution and saving money.