When it comes to considering the purchase of solar panels, potential customers often have a combination of personal priorities that motivate them. Some are driven by their environmental aspirations, wanting to reduce their carbon footprint, while others seek more self-reliance.
Regardless of the reason, the common goal is to save money by generating independent power.
For an average Ontario homeowner consuming about 9,000 kWhs of electricity annually, installing a 7,500-watt solar array can offset 100% of their electrical use.
With the current cost of solar generation ranging between $2.50 and $3.00 per watt, such an installation will cost between $18,750 and $22,500.
To determine the payback period for a solar panel system, one can use the simple payback equation: system cost ÷ value of energy produced = years to payback.
Do the Math
However, a few factors need to be considered, such as the fluctuating electric rates and the value of solar power, which can range between 13.5 and 18 cents during mid-peak to peak times.
The Solar Net Metering Calculator can help calculate the payback period of a net metering solar panel system quickly.
Ontario residents can benefit from several available programs that can reduce their payback period.
For instance, the Greener Homes Grant offers up to $5,000 in government rebates for renewable energy generation systems, including solar panels.
Net metering allows homeowners to trade the excess electricity they supply for credits that apply to their energy bills.
Now is the Time for Opportunity
The cost of solar panels in Ontario is becoming increasingly affordable as solar technology advances.
Furthermore, new energy storage technology promises to lower the cost even more, offering homeowners a wider range of options.
Conclusion
Given the currently available programs, now is an excellent time to consider solar for your home.
The Basics
When it comes to considering the purchase of solar panels, potential customers often have a combination of personal priorities that motivate them. Some are driven by their environmental aspirations, wanting to reduce their carbon footprint, while others seek more self-reliance.
Regardless of the reason, the common goal is to save money by generating independent power.
For an average Ontario homeowner consuming about 9,000 kWhs of electricity annually, installing a 7,500-watt solar array can offset 100% of their electrical use.
With the current cost of solar generation ranging between $2.50 and $3.00 per watt, such an installation will cost between $18,750 and $22,500.
To determine the payback period for a solar panel system, one can use the simple payback equation: system cost ÷ value of energy produced = years to payback.
Do the Math
However, a few factors need to be considered, such as the fluctuating electric rates and the value of solar power, which can range between 13.5 and 18 cents during mid-peak to peak times.
The Solar Net Metering Calculator can help calculate the payback period of a net metering solar panel system quickly.
Ontario residents can benefit from several available programs that can reduce their payback period.
For instance, the Greener Homes Grant offers up to $5,000 in government rebates for renewable energy generation systems, including solar panels.
Net metering allows homeowners to trade the excess electricity they supply for credits that apply to their energy bills.
Now is the Time for Opportunity
The cost of solar panels in Ontario is becoming increasingly affordable as solar technology advances.
Furthermore, new energy storage technology promises to lower the cost even more, offering homeowners a wider range of options.
Conclusion
Given the currently available programs, now is an excellent time to consider solar for your home.
Contact Gary Gillis at www.beacontron.com sales@beacontron.com 289-635-3164 for more information and advice.
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