What is microFIT?The microFIT Program supports the development of small or “micro” renewable electricity generation projects (10 kilowatts (kW) or less in size) such as solar panel installations. Participants are paid a guaranteed price over a 20-year term (40 years for waterpower projects) for the electricity they produce and deliver to the province’s electricity grid. Guaranteed prices are designed to:
cover the costs of a typical project
earn a reasonable rate of return on the investment over the term of the contract.