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).
The fact that a governmental push has taken off within Canada is no surprise to anyone that understands the country's long standing relationship of respect for the natural beauty that's found throughout all provinces. Also, the progressive sensibilities of its citizens makes it a logical choice of legislative action in terms of an environmental issue.
This initiative works in conjunction with the Ontario Power Authority (OPA) in a contract by contract basis with individuals, businesses, and principalities that are eligible to be part of the program. The different energy sources that are available for those involved include solar, wind, biomass, bio-gas, and landfill mass.
The OPA connection is the crux of this program because participants are paid for their membership. Going back to different energy sources, the biomass, bio-gas, and landfill options all utilize organic materials. Whether hydrogen, oxygen, or carbon based, they are harvested from landfill mass, wood, or garbage. Being able to work through garbage increases the greenness of this technology and can be a great option for larger companies.
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.
It's important to realize that these technologies are an improvement to your home or business because they lower your overall operating costs and you're being paid to use them! With a proposed future of expansive renewable energies, this additions will also add to the value of your building. Anyone who utilizes solar power will espouse its benefits to those who are on a traditional power grid.
Tax concerns aside, there is much to be gained from being a part of the microFIT program Ontario legislation including the supplementary income you will reaping. For those who join, they will be the first of many to get on board with energy sources that make us self sustaining and can speak of these benefits to those that are outside of the program. This nation can be at the forefront of working environmental technologies that can show the world what is possible.
The fact that a governmental push has taken off within Canada is no surprise to anyone that understands the country's long standing relationship of respect for the natural beauty that's found throughout all provinces. Also, the progressive sensibilities of its citizens makes it a logical choice of legislative action in terms of an environmental issue.
This initiative works in conjunction with the Ontario Power Authority (OPA) in a contract by contract basis with individuals, businesses, and principalities that are eligible to be part of the program. The different energy sources that are available for those involved include solar, wind, biomass, bio-gas, and landfill mass.
The OPA connection is the crux of this program because participants are paid for their membership. Going back to different energy sources, the biomass, bio-gas, and landfill options all utilize organic materials. Whether hydrogen, oxygen, or carbon based, they are harvested from landfill mass, wood, or garbage. Being able to work through garbage increases the greenness of this technology and can be a great option for larger companies.
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.
It's important to realize that these technologies are an improvement to your home or business because they lower your overall operating costs and you're being paid to use them! With a proposed future of expansive renewable energies, this additions will also add to the value of your building. Anyone who utilizes solar power will espouse its benefits to those who are on a traditional power grid.
Tax concerns aside, there is much to be gained from being a part of the microFIT program Ontario legislation including the supplementary income you will reaping. For those who join, they will be the first of many to get on board with energy sources that make us self sustaining and can speak of these benefits to those that are outside of the program. This nation can be at the forefront of working environmental technologies that can show the world what is possible.
About the Author:
The Ontario fit program offers, those who use solar panels or wind turbines, the opportunity to make money by selling the solar or wind energy they produce. Visit Efston Science to learn more about how you can start producing renewable energy for money.
