D VINE ENERGY SYSTEMS

How much money do you make?

Short Answer:
For solar power systems, you’re likely to get a very good, nearly guaranteed, return on your investment. Some people claim the rate of return is 10% or higher, but there’s a few different ways to look at it.
In general, the larger your system, the more money you’ll make.

You can get an impartial site-assessment of your property from Divine Energy Systems.
The site assessment will give a detailed estimate of what you can expect to earn from a solar system on your property.

The guaranteed rate of the microFIT program is so high that you can probably get a loan or line of credit for the entire purchase price of the equipment, and you are likely to still have a profit at the end of the 20 year contract period (and at the very least, you’d then have a solar electric system on your property which would offset your electricity bills). It is the closest thing to free money you will ever find.

The long answer is:
How much money you make from the microFIT program depends on two major factors: the kind of power source you are using, and the amount of electricity you produce.

The power source is important because the microFIT program pays different rates depending on how you generate electricity. Solar power pays 80.2¢ for every kilowatt hour you produce (what is a kilowatt hour?). The official microFIT price schedule sets out the rates for each kind of power source.

The amount per kilowatt hour is guaranteed, so once you know that, the only variable is how many kilowatt hours you produce.

An example: Your system looks like it will produce an average of 12,000 watt hours per day over the entire year. That’s 12 kilowatt hours. So the simple math is:

12 kWh x 80.2¢ x 365 days = $3,512.76 per year

The microFIT contract guarantees the price for 20 years. That may mean about $70,000 in revenue if the daily average is really this high. Even at only 10,000 watt hours a day, you would still have nearly $60,000 in revenue.

For any solar power system in general, in southern Ontario, the average daily output is likely to be between three and four times the “nameplate capacity” of the system, assuming it faces mostly south, and it is never in the shade of a tree, a building or something else. Nameplate capacity is the manufacturer’s rating for how much power the panels can produce. So if you have a system that is rated for a total of 5 kilowatts, and it is facing south and it is never in the shade, then you can expect to produce an average of between 15 and 20 kilowatt hours per day over the entire year. Knowing that, it is then pretty easy to work out the likely return on your investment for a solar power system, under the microFIT program.

You can get an impartial site-assessment of your property from Divine Energy Systems The site assessment will give a detailed estimate of what you can expect to earn from a solar system on your property.