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Canada's 'Big' Solar Announcement

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Posted by Brian Graham on March 22, 2006, 3:40 pm
 
http://www.cbc.ca/story/canada/national/2006/03/21/solar060321.html  

From the article,

"The government will pay an inflated price for the energy for 20 years to help
make the project attractive: 42 cents a kilowatt-hour for solar and 11 cents for
wind, biomass, or small hydroelectric projects. "

"Premier Dalton McGuinty says he hopes the plan will see a quarter of a million
homes powered by renewable energy within a decade. "

He's dreaming, I should think. The incentive is so low, I don't think it would
even pay the interest on the loan needed to buy the panels.

Too bad. I'm aching for US-type programs which truly offset the cost of going
solar. I'll have to go slow and steady instead..
--
Brian

Posted by Brian Graham on March 22, 2006, 3:42 pm
 
Oops - sorry. Should clarify. That's the province of Ontario only. There's
nothing for the rest of Canada that I'm aware of..

http://www.cbc.ca/story/canada/national/2006/03/21/solar060321.html  

From the article,

"The government will pay an inflated price for the energy for 20 years to help
make the project attractive: 42 cents a kilowatt-hour for solar and 11 cents for
wind, biomass, or small hydroelectric projects. "

"Premier Dalton McGuinty says he hopes the plan will see a quarter of a million
homes powered by renewable energy within a decade. "

He's dreaming, I should think. The incentive is so low, I don't think it would
even pay the interest on the loan needed to buy the panels.

Too bad. I'm aching for US-type programs which truly offset the cost of going
solar. I'll have to go slow and steady instead..
--
Brian



Posted by DJ on March 22, 2006, 4:19 pm
 
Brian Graham wrote:

nothing for the rest of Canada that I'm aware of..

Quebec will buy it at par. But of course, Quebec isn't facing an energy
shortfall the way Ontario is ;-). And I figure when Quebec realizes
that it can sell hydro to Ontario for a king's ransom in the future,
they'll start offering their residents more to sell ;-).


even pay the interest on the loan needed to buy the panels.

Or the interest on the income you'd have to claim for selling to hydro
;-).


solar. I'll have to go slow and steady instead..

Grid-tie in Canada is a mistake for normal citizens. Co-gen, great
idea. Selling? No. Keep what you make, buy the rest if necessary.

DJ


Posted by dold on March 22, 2006, 7:20 pm
 
Really?  What do you pay for electricity?  I would think that 42 cents for
the surplus would be a good deal.  In California, my sell-back varies with
time of day and season, but peaks at about $.30.  I hope that's more than
enough to pay the interest on the loan.


Are you referring to a bulk credit up front, instead of higher rates over
the life of the project?

--
---
Clarence A Dold - Hidden Valley (Lake County) CA USA  38.8,-122.5

Posted by Brian Graham on March 22, 2006, 8:17 pm
 
Really?  What do you pay for electricity?  I would think that 42 cents for
the surplus would be a good deal.  In California, my sell-back varies with
time of day and season, but peaks at about $.30.  I hope that's more than
enough to pay the interest on the loan.

Well, if its a 30K investment, 5% interest would be $500 the first year. OTOH,
if you were able to gen 1Kw above your consumption - a sizeable assumption, I
believe - you would collect $.42 x 1 (kw) x 4.5 (avg solar insolation here) x
365 = $89 per annum. About 1/2 the first year's interest. I'm not positive
about Ottawa's numbers, but I believe they're 2.5 winter and 6.5 summer with an
avg of 4.5 iirc .


Are you referring to a bulk credit up front, instead of higher rates over
the life of the project?

Absolutely. I'd sure rather see an incentive plan which rebates say 25% of my
purchase. Who needs to sell to the grid? Just get off it.  (Sure would be nice!
:-)

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