Wednesday, May 26, 2010

THIS IS WHY YOUR RATES ARE HIGH

This is an ad on Kijiji:

Generate Solar Energy -- Then Sell it Back to the Province

"Thanks to the Ontario Power Authority (OPA) and the FIT and microFIT programs, every person in Ontario can now generate electricity to sell back at a significant profit. The OPA is offering anyone who can generate solar electricty, a rate of 80.2 cents for every kilowatt hour they sell back. To put that in perspective, the average consumer pays anywhere from 10 to 11 cents per kilowatt hour. Thats right -- the OPA will buy it back for 8 times what they charge us. And they guarantee to continue purchasing it at that rate for 20 years. What that means is a significant return on investment (as much as 16 percent per year) for anyone who takes advantage of this program. Many customers who install a 10 kilowatt system are now earning 14,000 to 17,000 dollars a year by selling their electricity back to the OPA. And again that is money that is guaranteed for the next 20 years.

If you have a roof or a yard that sees lots of sunlight, then you have yourself an investment opportunity that is guaranteed for the next 20 years. 100 percent financing is available with payments that are still less than the income from the OPA.

We are Solar Direct Canada and have been in business for 20 years. We are also registered with the BBB. Don't trust your home and your investment to some fly-by-night company."


You may want to post a protest, I did.

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Please feel free to leave a comment, especially if you wish to share your own horror story. If you wish to get involved in the class action suit please contact me directly at jrwakefield@mcswiz.com put Class Action Suit in the subject please.