A Solar Tree grows in London
Designed to mimic the City of London, CanadaÂ’s logo, the Tourism LondonÂ’s Solar Tree is a more than 8 metre tall structure featuring 27 leaves, each of which contains a solar panel.
This structure – along with three other, pole-mounted solar panels – can produce 8.6 kilowatts of electricity, enough to provide for about half the electricity needs of the Tourism London offices.
As far as the cost of the system – $160,000 - Tourism London is quick to point out that it will come at no cost whatsoever to the taxpayer, as over the course of a 10-year contract, recently signed with the Ontario Power Authority’s microFIT program, the Solar Tree system will more than save enough in utility costs to offset the purchase price, and will create a $165,000 profit.
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"Our meteorologists are predicting colder-than-average temperatures will continue over the next of couple of months and we want to provide customers with help to manage their payments," said Chris O'Riley, BC Hydro's president.
All BC Hydro customers will be able to spread payments from the billing period spanning Dec. 1, 2017 to March 31, 2018 over a six-month period.
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