THUNDER BAY – As one of the sunniest places in Canada, solar power is pretty much a natural for Thunder Bay. Local company Solar Logix and Northern Lights Credit Union have partnered to install a microFIT grid tie solar energy system at the Northern Lights Credit Union Building 1201 Amber Drive in the city.
In addition Northern Lights Credit Union has partnered with Solar Logix to provide a program of low interest financing for residential installations under the Ontario Power Authority micro-FIT initiative.
“We are extremely pleased to be able to use our green financing solutions to help the environment”, said Brian MacDonald, Vice President of Lending for Northern Lights Credit Union. “Northern Lights Credit Union is proud to do our part to reduce emissions by generating clean energy and by helping others to do the same.”
“The Northern Lights Credit Union really impressed us with their commitment to Green Financing. The new lending model allows residential customers the ability to pay little or nothing over the life of the loan. The loans will be paid for by the revenue generated by the Feed-in Tariff where the power generated by the solar array is sold back to the local electrical grid. The micro-FIT program is offering Ontarians a once in a lifetime opportunity to become micro power generators, contributing to a cleaner greener environment while generating guaranteed revenue over the twenty year contract with the Ontario Power Authority”, says Solar Logix General Manager Jason Ritchat.
This installation coincides with a commercial installation at Dufresne Furniture as part of their Green Energy Initiative on Alloy Drive across from the Credit Union. Every 10,000 kilowatts of solar energy installed in our region is equivalent to taking 2600 vehicles off the road for an entire year and it creates enough energy to supply 2000 average homes.