(TECHNOLOGY, ON) – Local solar company, Unconquered Sun Solar Technologies, is praising Ontario’s Minister of the Environment and Climate Change for the launch of the Green Ontario Fund. Sean Moore, in charge of operations at the company, describes the new program as, “… a potential windfall for future of USST and other green tech companies in the province.”
The Green Ontario Fund, or GreenON, is said to be designed to provide rebates and other incentives to help businesses and residential energy consumers slash their energy costs. It is expected to launch several solar-focused initiatives this autumn.
“The Green Ontario Fund is a great harbinger of growth for Unconquered Sun Solar Technologies Inc. and a great step towards increased Solar deployment within the Province of Ontario,” said Sean Moore, Unconquered Sun’s founder.
He added the fund will be administered under Ontario’s Climate Change Action Plan and financed by proceeds from the province’s new cap-and-trade program. Cap-and-trade puts limits on the amount of pollutants that companies can emit.
The province held its second cap-and-trade auction in June and raised $504 million, with total revenues from the program expected to reach $1.8 billion this year. Under cap-and-trade the province also introduced a number of new consumer taxes, particularly on gasoline and natural gas.
Founded in 2008, Moore reports Unconquered Sun is responsible for 20% of all installed residential solar generation this year in Ontario.