A feed-in-tariff (FIT) is a policy mechanism that supports the development of renewable energy. FIT programs have been implemented to level the playing field for a variety of renewable energy technologies. With a FIT contract, energy producers (e.g. individuals, farmers, co-operatives, or large companies) get paid a fixed amount for the renewable energy they sell back to the grid for the life of the contract.
Ontario’s Feed-in-Tariff program was enabled by the Green Energy & Economy Act, 2009, and guarantees the purchase of renewable energy for a period of 20 years.