The Ontario Power Authority has developed a Feed-In Tariff (the “FIT”) Program for the province to encourage greater use of renewable energy sources. The microFIT program allows participation in renewable energy projects of 10kW or less.
Under the program a participant will enter into a contract with the OPA to supply electricity generated from a renewable energy project, such as roof mounted solar panels.
Individuals who participate will have certain GST/HST and income tax consequences as outlined in this publication. Partnerships and corporations may also participate in the program and may also have tax consequences, which are not covered in this publication.
This publication is for general purposes and may not suit every individual’s particular situation. Please consult your RLB tax advisor for complete tax advice.
Download the PDF