The day we can tell the utilities to take a hike, we will take it from here.Recognizing when we have achieved grid parity is not easy. The most important factors are cost of solar equipment, the interest rate and the cost of grid power.The cost to borrow the money to have your own solar system installed is less than the value in energy it will generate.
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The Ontario Liberals have taken too much heat for too long and rather than taking the time to defend the program their efforts seem focused elsewhere.
Lowering the rate to this level means that the program can be transitioned to a net-metering based program that much sooner.
A regular 60 cell panel puts out 250W but that's at 30V.
If you try to charge a 12V battery, you will be getting less than 100w to the battery. In the heat of summer a regular panel is putting out about 26V which is not enough voltage to properly charge a 24V battery.
The faster the utilities raise rates the faster we get to grid parity and for better or worse the rates in Ontario continue to escalate at a frightening rate.
The average annual increase of electricity is over 10% annually.You might ask, Why would anyone want a 100W panel when for a little more money you could get a 250W panel?If you are building a grid-tie system, you wouldn't but if you want to charge a 12V battery you definietly need 36 cells.The rate changes are supposed to reflect the changing economics in the solar industry but since our dollar has lost 20% of it's value this year, it hasn't worked out that way.On the world market there may have been some price reductions but here in Ontario where we have to buy things with CDN dollars that's not the case. Unfortunately like everything else in the energy sector, politics plays a huge role.The rate applies to all projects that receive their AAN after December 31st which means if you want this years rate you really need to get your application in today.