Ontario's feed-in tariff or FIT Program is North America's first comprehensive guaranteed pricing structure for renewable electricity production. It offers stable prices under long-term contracts for energy generated from renewable sources
A feed-in tariff or FIT is a straightforward way to contract for renewable energy generation. It provides standardized program rules, prices and contracts.
The program is divided into two streams - FIT and microFIT. The FIT Program is for renewable energy projects that can generate more than 10 kilowatts (kW) of electricity. Very small projects, at a home or small business, that can generate 10 kW or less come under the microFIT Program.
The FIT Program was enabled by the Green Energy and Green Economy Act, 2009 which was passed into law on May 14, 2009. The Ontario Power Authority is responsible for implementing the program.
By encouraging the development of renewable energy in Ontario, the FIT Program will:
• help Ontario phase out coal-fired electricity generation by 2014 - the largest climate change initiative in Canada
• boost economic activity and the development of renewable energy technologies
• create new green industries and jobs.