FAQs

The microFIT program is a renewable energy initiative launched by the Independent Electricity System Operator (IESO) to increase the generation of renewable energy in Ontario. This program allows home owners to sell solar energy generated by their homes to the IESO.

Currently you are paying average $0.129/kWh to your electric company at peak. Under the microFIT program, the IESO will purchase your electricity at $0.384/kWh, which is more than 3 times of what you are paying during peak hours and this rate is guaranteed for 20 years by Ontario government.

We are an IESO compliant vendor, which means we know exactly what it takes to get you on board with the microFIT program.

If I am interested, what is the next step? Just provide us with your name and property address, or contact us via email: sales@nextenergysolar.ca or call us at: 1-800-958-9601 to get your FREE consultation.

If you decide to participate in the micro-FIT program, simply provide us with all the information we need, and a small deposit. Then we’ll apply on your behalf to participate in the microFIT project. Once approved, we’ll schedule for measurements and installation. The whole process will take about 9-13 weeks.

Our solar panels are guaranteed to last for the duration of the 20 year contract and will continue to run after the contracted deal at above 80% efficiency rate for extra 20 to 25 years.

The 20 year contract you sign with the government is guaranteed to remain the same throughout the contract so even if there are changes, it does not affect your revenue.

It will typically take less than 7 years to break even. More importantly, you would have saved 185 tons of CO2 (carbon dioxide) or over 4,700 trees by the end of the program. Don’t forget, after the 20 years, the system is still at 80% full capacity, which means you’ll continue to help the environment for a long while!

Yes, but the initial investment can be claimed as an expense, which means you will not need to pay tax on the income generated by your solar energy system for the first 6-7 years.

The IESO contract is transferrable to the new owner. Also, according to National Renewable Energy Lab, homes with solar panels sold 20% faster at 3-4% higher than the asking price.

The price of the solar system varies, depending on the size of the system. Please contact us for a more accurate estimation!

Purchasing a solar system may not fit every household’s financial budget, Next Energy Solar offers you the opportunity to enjoy the government’s incentive without paying a single dollar! You will have a solar system installed on your roof for free, receive a guaranteed upfront payment of up to $4,000 plus annual rebates through our FREE Solar Program!

If you are using a line of credit to purchase the system, you will enjoy an excellent return on investment! For example, it is possible to arrange for a 15 year mortgage on the solar system. Then you would only need to pay $2,000 up front, to enjoy more than $1,000 each year for 15 years and enjoy full income for the last 5 years to a total return of $40,000 (based on historical projection on 6.49% interest rate).

The Government’s new microFIT program allows you to generate solar energy on your rooftop while then selling it to the government for profit.

You will get a 25-years manufactures warranty for your solar panel system. Besides, coverage during installation and post installation on equipment. We carry a minimum limit of liability of $2,000,000.

IESO stands for Independent Electricity System Operator which was established in 2004 by the Ontario government.

LDC stands for Local Distribution Company. This is the company to which you pay your electricity bill.

ROI stands for Return On Investment. For example, if you invest $100 and get interest of $3 every year, then the ROI is 3%.

The system comes with a 3 year labour warranty. The solar panels come with a 10 year manufacturer’s warranty and a 25 year performance warranty. Other major components of the solar panel system also have their own individual manufacturer’s warranty as well. These warranties are what make Next Energy Solar’s solar panel system a worry-free investment. If that is not enough, extended labour warranty is also available to cover the life of the contract. Please contact us for more information!

Yes. But the panels need to be taken down first, and put back on after the shingles have been replaced. Since the solar panels are built on top of the shingles, they naturally form an extra protection for anything underneath. If your shingles are near the end of their lifespan, it is recommended to replace the shingles before installing the solar system. Installing a rooftop solar system will protect and increase the lifespan of the shingles underneath.

No, in fact they do the opposite. Our solar panels offer an added layer of protection and increase the lifespan of your shingles.