Solar Flow-Through’s Limited Partnerships, whose principal business is either generating energy using Class 43.1 or 43.2 properties, or developing projects for such a principal business, are allowed to raise investment capital by issuing flow-through shares. In general terms, a corporation that issues flow-through shares will be entitled to “renounce” or “flow-through” qualifying expenses to the holders of such shares, with the result that those shareholders will be entitled to deduct the expenses as if they had incurred them themselves.
Since 2012, we have established five different funds that have invested in, and are developing, varying numbers of qualified FIT projects under Ontario’s Independent Energy System Operator (IESO). Many of these projects are now operational and generating energy and revenue.
Looking ahead, Solar Flow-Through intends to create new funds on an annual basis, developing projects with capacities of 100 kW to 500 kW. We focused initially on commercial-scale rooftop installations covering approximately 25,000 to 150,000 square feet. Our focus has now shifted to commercial-scale, 250-500 kW ground mount projects. These installations are connected to the electric grid (grid-tied), allowing the producer to feed electricity into the grid and receive payment under Ontario’s FIT program.