Installation demonstrates economic and environmental potential of vacant rooftop spaces
Toronto - Yesterday, Helios Energy Inc., announced it has donated a 5.32 kilowatt rooftop solar PV system to The York School in downtown Toronto. Helios plans to use The York School’s rooftop solar system as a demonstration project for businesses and commercial enterprises to illustrate how they can use an often underutilized space (their roof) for economic gain with zero capital cost all while showing their environmental leadership.
The recently announced Green Energy Act and its Feed-in-Tariff (FIT) Program offers potential solar energy producers in Ontario one of the highest incentives in the world (up to $0.802/kWh produced by solar systems). But perhaps one of the greatest trickle-down benefits of the FIT Program is the creation of a new wave of green-energy firms that are presenting real estate holders, without solar expertise or know-how, with an opportunity to participate in the green economy.
Helios Energy is a pioneer in rooftop ‘solar tenant’ agreements. Such agreements present landowners with an opportunity to achieve incremental monthly income and generate clean energy with zero capital investment. Helios collaborates with an experienced team of engineering partners, technology providers and installation experts to bring the benefits of rooftop solar PV systems to large-scale Canadian real estate owners, allowing them to realize the benefits of solar power without any capital investment.