Nov 17 2017

What effects do the panels have on my home insurance?

Panels usually only add $8 – $10 dollars to your monthly home insurance costs! In the case that it may be more, you can insure the panels separately through another insurance provider for a low rate. The Canadian Revenue Agency has created a webpage with information regarding potential tax implications of owning a microFIT project: www.cra-arc.gc.ca/tx/bsnss/thrtpcs/nt-ft/q1-eng.html. The Ontario Ministry of Finance has also provided an update on property tax treatment of solar installations: http://news.ontario.ca/mof/en/2012/01/fact-sheet.html.

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