Solar Panels Microfit Program for 2017 anyone ?
Wanted to get thoughts on Microfit vs Net metering. I'm getting a quote from Lowes (Solar Brokers) for about $30k ($34K with HST) for 10kw system that will basically take 11 years to pay back. I want to get everyones thoughts on if it's worth it this for the long haul seeing as hydro rates are going down for next 4 years and set to spike in year 5 on wards.
The Microfit rates for 2017 are around .29 cents which is still double the average Time of Use I pay for my electricity in Toronto. This makes me think it should help with payback and then when rates spike and I'm closer to paying it off I can switch to Net Metering to pay for my hydro costs.
I just don't understand how the TOU and Tiered Pricing works when going to Net Metering.
I've plugged in some pics of the pricing I've gotten from Lowes. Would love your input.
The Microfit rates for 2017 are around .29 cents which is still double the average Time of Use I pay for my electricity in Toronto. This makes me think it should help with payback and then when rates spike and I'm closer to paying it off I can switch to Net Metering to pay for my hydro costs.
I just don't understand how the TOU and Tiered Pricing works when going to Net Metering.
I've plugged in some pics of the pricing I've gotten from Lowes. Would love your input.