Personal Finance

ONT ONLY - microFIT solar panel program: 10-14% return for 20 yrs * FAT LADY HAS SUNG

  • Last Updated:
  • Jul 14th, 2017 9:18 am
Newbie
Mar 11, 2010
80 posts
2 upvotes
Mississauga
Hi JWL,
I confused with T2125 form
Part 11, page 5, Col 9 You said go back to Part 5 and figure out your net income so far, then put that amount in Col 9. But Net Income row 9369 required input row 9936.
Which one you get the number first?. Part 5 Row 9936 (#52) or Part 11 Col 9 G?
Please explain

Thanks









JWL wrote:
Apr 15th, 2017 3:47 pm
Good link. In that info it says: The renewable energy property included in these Classes is generally the same with the exception that renewable energy property acquired after February 22, 2005 and before 2020 is classified as Class 43.2 property.

43.2 = 50% rate
[OP]
Deal Guru
User avatar
Nov 18, 2005
10297 posts
1826 upvotes
Kingston
hkrisca wrote:
Apr 16th, 2017 6:34 pm
Hi JWL,
I confused with T2125 form
Part 11, page 5, Col 9 You said go back to Part 5 and figure out your net income so far, then put that amount in Col 9. But Net Income row 9369 required input row 9936.
Which one you get the number first?. Part 5 Row 9936 (#52) or Part 11 Col 9 G?
Please explain

Thanks
In Part 5, figure out your gross income (the first line in Part 5), minus the expenses in rows 8521-9935. This is your net income BEFORE Capital Cost Allowance (CCA). This is the maximum you can claim in Part 11, column 9. So put this amount in column 9. Then this amount comes forward to Part 5, row 9936.

When you put that amount in row 9936 your net income will be $0.

Note that col 9 is is the minimum of
  • your calculated CCA (col 7 x col 8), or
  • your net income BEFORE Capital Cost Allowance (CCA)
For about 5 or 6 years the minimum will be your net income BEFORE Capital Cost Allowance (CCA), but eventually the minimum will be your calculated CCA (col 7 x col 8)
Newbie
User avatar
Nov 29, 2015
46 posts
19 upvotes
Bradford, ON
Frankdee wrote:
Apr 15th, 2017 10:08 pm
You should be able to get it a little lower. Maybe 2 or 3 gs.
Thx. Could you suggest some reputable companies I could inquire with?
Jr. Member
Aug 31, 2015
122 posts
24 upvotes
Scarborough, ON
To everyone who has a system - Can I suggest that you add your system to the pvoutput web site. This site gives you some very good info on your system and it allows you to compare your generation to others in the area. But there are only about four of us in the GTA on the system. For example typical system efficiency is about 3.1 in the GTA. This means that with 10kW of panels you will generate a daily average of 31kWh. PVOutput is based in Aus so there are lots of Aussie users and they often have efficiency ratings above 4. But there are also lots of systems from the UK and the Netherlands were efficiency is often around 2.1. Note that in order to upload your info you may need an API key from your inverter's manufacturer.

PVoutput is here. https://pvoutput.org/

My system is here: https://pvoutput.org/list.jsp?userid=51414

You can see all systems in the GTA here: https://pvoutput.org/listmap.jsp?sid=46758

All Canadian systems are here: https://pvoutput.org/map.jsp?country=44
Sr. Member
Nov 25, 2002
829 posts
85 upvotes
Brampton
wayner9 wrote:
Apr 18th, 2017 1:31 pm
To everyone who has a system - Can I suggest that you add your system to the pvoutput web site. This site gives you some very good info on your system and it allows you to compare your generation to others in the area. But there are only about four of us in the GTA on the system. For example typical system efficiency is about 3.1 in the GTA. This means that with 10kW of panels you will generate a daily average of 31kWh. PVOutput is based in Aus so there are lots of Aussie users and they often have efficiency ratings above 4. But there are also lots of systems from the UK and the Netherlands were efficiency is often around 2.1. Note that in order to upload your info you may need an API key from your inverter's manufacturer.

PVoutput is here. https://pvoutput.org/

My system is here: https://pvoutput.org/list.jsp?userid=51414

You can see all systems in the GTA here: https://pvoutput.org/listmap.jsp?sid=46758

All Canadian systems are here: https://pvoutput.org/map.jsp?country=44
Just added mine: https://pvoutput.org/list.jsp?id=57510&sid=51634

Is there a way for PVOutput to pull my historical data from Enphase Enlighten?
[OP]
Deal Guru
User avatar
Nov 18, 2005
10297 posts
1826 upvotes
Kingston
nabeel wrote:
Apr 18th, 2017 3:36 pm
Just added mine: https://pvoutput.org/list.jsp?id=57510&sid=51634

Is there a way for PVOutput to pull my historical data from Enphase Enlighten?
Here's mine: https://pvoutput.org/aggregate.jsp?id=5 ... 37&v=0&t=m

You can load the data by day. I am using the multiple year report from Enlighten to get my monthly amount, calculating a daily average for each month, and using that value for each day of the month.

Not sure you need to add an "API". Looks like you can just give it access to load your data by giving it your system ID.
Jr. Member
Aug 31, 2015
122 posts
24 upvotes
Scarborough, ON
nabeel wrote:
Apr 18th, 2017 3:36 pm
Just added mine: https://pvoutput.org/list.jsp?id=57510&sid=51634

Is there a way for PVOutput to pull my historical data from Enphase Enlighten?
I don't know about Enphase as my inverter is a SolarEdge but if you can find a way to dump daily energy output then you can use the bulk uploader function of PVOutput to upload a CSV file. If I remember that is what I did when I started using PVOutput last July. Since then it has been automatically collecting the data at 5 minute intervals.
Last edited by wayner9 on Apr 19th, 2017 4:07 pm, edited 1 time in total.
Newbie
Mar 9, 2017
2 posts
1 upvote
MoreDealz wrote:
Apr 15th, 2017 9:56 pm
Howdy folks. I'm 40min north of toronto. Got quoted 30k for the system (9KW) but I get back 3.5k in HST. So technically the system will cost 26.5k. Just wondering what everyones estimates are at the moment. Thanks!
For sure you should be able to get that lower.
If you google solar panel programs in Ontario or microFIT program in Ontario you will be able to find companies who can give you quotes.
Newbie
Mar 11, 2010
80 posts
2 upvotes
Mississauga
Thanks JWL,
I am using Ufile, the result on Column 9 (G) is different with manual calculation of Part 11, and I got loss income in 9368, instead of 0.
Anyone use Ufile?

Thanks


JWL wrote:
Apr 16th, 2017 8:02 pm
In Part 5, figure out your gross income (the first line in Part 5), minus the expenses in rows 8521-9935. This is your net income BEFORE Capital Cost Allowance (CCA). This is the maximum you can claim in Part 11, column 9. So put this amount in column 9. Then this amount comes forward to Part 5, row 9936.

When you put that amount in row 9936 your net income will be $0.

Note that col 9 is is the minimum of
  • your calculated CCA (col 7 x col 8), or
  • your net income BEFORE Capital Cost Allowance (CCA)
For about 5 or 6 years the minimum will be your net income BEFORE Capital Cost Allowance (CCA), but eventually the minimum will be your calculated CCA (col 7 x col 8)
Jr. Member
Aug 31, 2015
122 posts
24 upvotes
Scarborough, ON
Yes, I am using Ufile. What question do you have?
Jr. Member
User avatar
Nov 3, 2008
156 posts
62 upvotes
National Capital Reg…
You need to click override checkbox, and input manual amount bringing your business income to NIL.
Jr. Member
Aug 31, 2015
122 posts
24 upvotes
Scarborough, ON
I don't think I had to use any overrides on Ufile. I entered my gross revenue on the "Gross sales, commissions or fees line. I then entered the amount that I paid for power on the microFIT account, which was only $77.98, on the Utilities(light & power) line and I entered my financing costs under Interest - long-term. Then on the CCA page for class 43.2 I entered the amount that brings my income down (in my case $3909) to 0 on the line "Limit to the CCA or the CECA of this class. These are all under Tab 2 - Interview. If I click on my Tax Return, Tab 4, and go to the T2125 I see these amounts with 0 on line 9946 or 62. on Part 11
Newbie
Mar 11, 2010
80 posts
2 upvotes
Mississauga
wayner9 wrote:
Apr 26th, 2017 6:20 pm
I don't think I had to use any overrides on Ufile. I entered my gross revenue on the "Gross sales, commissions or fees line. I then entered the amount that I paid for power on the microFIT account, which was only $77.98, on the Utilities(light & power) line and I entered my financing costs under Interest - long-term. Then on the CCA page for class 43.2 I entered the amount that brings my income down (in my case $3909) to 0 on the line "Limit to the CCA or the CECA of this class. These are all under Tab 2 - Interview. If I click on my Tax Return, Tab 4, and go to the T2125 I see these amounts with 0 on line 9946 or 62. on Part 11
Got it. Thanks
Jr. Member
Aug 31, 2015
122 posts
24 upvotes
Scarborough, ON
Production has been horrible recently. April was way down about 20% from April last year and May is staring off very poorly as well.
Deal Addict
Nov 24, 2013
3907 posts
1024 upvotes
Kingston, ON
wayner9 wrote:
May 2nd, 2017 9:46 am
Production has been horrible recently. April was way down about 20% from April last year and May is staring off very poorly as well.
Can't say I'm surprised,

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