Ontario, Canada, November 25, 2017 --(PR.com
)-- The Green Ontario Fund is a new not-for-profit provincial agency that will deliver programs and rebates to help reduce energy costs in homes and businesses. The incentives for solar are expected to be announced in the first quarter of 2018.
The Green Ontario Fund will be administered under Ontario’s Climate Change Action Plan, funded by proceeds from the province’s new cap-and-trade program, which places limits on the amount of pollutants that companies can emit. The province held its second cap-and-trade auction in June. It raised C$504 million ($398.9 million), with total revenues from the program expected to reach C$1.8 billion this year.
“We are excited for what the future holds for solar in Ontario. We are transitioning to a more renewable Province, and the Green Ontario Fund will help to make clean tech more accessible for homeowners,” said Michael Lee, co- founder of Reboot Solar Inc.
Reboot Solar Inc is a Toronto based residential solar panel brokerage which was founded in 2016. To date, they have helped over 300 homes get installed with solar panels through the IESO MicroFIT program. Their goal is to provide flexible options to homeowners considering going solar.