Canada, more than most nations, has always had a respect for nature that can be seen through its embrace of natural elements in cities like Vancouver. This respect has translated into real world initiatives striving to motivate businesses to embrace alternative energy sources. Whatever your feelings on oil consumption, it is unequivocally, a non-renewable resource. The Microfit program Ontario, also known as the feed-in-tariff, encourages residents or businesses to use renewable resources to create energy that will be purchased by Ontario Power Authority (OPA).

These sources of energy include more than just solar power with options in wind, biomass, bio-gas, and landfill mass. Not all of these options are appropriate or even feasible for residencies, but their increased integration into the community will provide what will be used as energy in the future.

Biomass, bio-gas, and landfill mass fall into the category of being more easily utilized by corporations and businesses. There are possibilities for principalities or housing developments to take on this options as well. Details of the program include eligibility requirements, but once you are entered into it you are beholden to a contract with the OPA.

Concerning the use of these latter three renewable sources, they are all similar to one another and utilize organic material that is hydrogen, carbon, and oxygen based. Harvesting these sources mean pulling wood, garbage, or landfill mass together and applying thermal, chemical, or biochemical conversion technologies. The resultant energy can be used for heat or electricity and can even be converted to liquid fuels like those used by bio-fuel cars and trucks.

No matter what sources you are dealing with the income that you create through selling your electricity to the OPA is subject to income tax and should be counted as such. Deductions, within the realm of commonsense, are allowed to offset whatever monies are made through your contract with the OPA.

One of the biggest benefits to the microfit program is the fact that you\’re paid for the kWh of electricity, regardless of whether you use it or it\’s extra that is distributed and consumed by others. For businesses especially, this can be a boon to their overall operation costs.

Getting your own or business retrofitted with renewable technology requires monetary investment on your part, but this project offers you a deduction that can be deducted over a number of years. Additionally, these technological add-ons will add to the value of your home and help spearhead an effort to convert most of the nation into one that can sustain itself into the future.

Involvement in this particular program is open to a variety of individuals who should research the details of their eligibility and the costs of installing new technologies. The parameters of this initiative include both large and small scale projects that have the potential to generate a good amount of income for those that apply. There are a host of committed professionals that can answer all of your questions with a thoroughness and passion that defines what this program means for the future of Canada.

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Category: Home Management
Keywords: improvement,renovation,repair,science,environment,solar panels,energy,technology,home,family