Yes, that is in Toronto. You would do better if your panels moved with the sun as the angle changes through the year and is less optimal in the winter. But my house has panels on a south facing part of my roof so it is pretty good for a stationary install.
I am part of the Ontario microFIT program and I sell all of the energy that I produce to Toronto Hydro for $0.384/kWh - that was the rate for 2015 installs. I generate an average of about 11.7MWh per year making $4500. My panels cost a bit over 32k so that gives me a payback of about 7 years.
You can see my power generation data here:
SolarScarb 10.000kW | Summary Data
(Note that there are "holes" for Jun-Oct of 2022 as my system was down as my inverter died and had to be replaced)
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