Solar Panel Financing
Your competitors are growing-are you?
Genesis is committed to helping Canadian businesses finance renewable energy projects.
Why is renewable energy important?
Demand for energy and its cost continue to grow. Many Canadian businesses are evaluating their dependence on non–renewable energy sources and considering investments in renewable energy alternatives for a variety of reasons. Over the past decade, great strides have been made in technologies associated with solar, wind and geothermal power generation. The costs of installing and operating a renewable energy system have decreased substantially making it more affordable. Renewable energy is an important new source of power generation which will help to reduce CO2 emissions, stabilize energy costs, and support long term prosperity for Canadian businesses.
Government incentive programs:
The province of Ontario’s Green Energy and Green Economy Act passed in 2009, created the Ontario Power Authority’s FIT and Micro FIT programs, designed to encourage the development of qualified renewable energy projects. In this program, businesses who generate power and feed it back into the grid system under an OPA contract will receive a pre-determined payment for this electricity. Although Ontario is currently the only province with this legislation in place, there are many other regions and provinces where similar incentive programs are developing. Some municipalities offer other types of incentives for renewable energy investments.
Financing programs for your renewable energy project
Contact Genesis expert team for advice and solutions on your solar panel financing requirements.