... IKEA announced yesterday it will invest $4.6-million to install 3,790 solar panels on three Toronto area stores, ... enough electricity to power 100 homes.Meanwhile, China's annual increase in energy consumption is nearly as high as Canada's (and 2.5 times Ontario's) total consumption. I hope Ontarians realize how much their sacrifices are helping to heal the planet.
IKEA will receive 71.3¢ for each kilowatt of power produced, which works out to about $6,800 a year for each of the 100 hypothetical homes. ... overpaid by $5,400 per home equivalent.
... will recoup $4.6-million in less than seven years — not bad for an investment that can be amortized over 20.
... The government’s schemes suggest that reducing Ontario carbon emissions by say 20% to 12 tonnes would cost $5,000 per person or upwards of $15,000 per household per year.
Lawrence Solomon: Brits to pay $3200 per year for power bill. Ontarians take note