FiT program

So the government has started a new program to push renewable energies. The Feed in Tariff program (FiT) is a way to encourage homeowners and businesses to install renewable energy devices (solar, wind etc). This program encourages people to install wind or solar and feed the energy back into the grid. This sounds good to me.

Well, the government will buy that electricity for 80 cents per kWh. This is the problem. Currently we are producing the majority of our power by the means of nuclear, at which it can be sold for around 6 cents a kilowatt. Now the government will pay you over 13 times as much to produce the SAME amount of energy, by means of solar or wind. Does anyone else see how absolutely ridiculous this is? Just wait for the tax increases to fund this program (HST, increased hydro bills, etc).

The OPA claims projects are already producing over 300,000 kWh. That's an extra $222,000 every hour more than it would cost nuclear to produce it. Yes, there will be increased government revenue through the taxes generated from the sales and installation of these systems, but it nowhere near offsets the expenditures to fund the program. This program will cost the government millions of dollars per year. Just something to think about.