Save Money with Solar Energy

Solar panel systems help you save money. Solar Energy can protect you against rising utility costs. On average, Delta Energy Solution Solar Energy Clients achieve payback on their system in under six  and a half years.  Clients continue to save for the rest of their system’s 25+ year lifespan.

However, your 20-year solar savings depend on where you live. There are a few major factors that influence what you can save.  There are a few major factors that influence what you can save:

Electricity rates: Do you live somewhere with high electricity rates?  Compare these to other regions, and your own solar energy savings will be higher.  All this, thanks to the avoided electricity costs.

Local financial incentives: The Canadian Government, along with our own Ontario Provincial Government offers numerous incentives.  These incentives are in the form of cash rebates. They can also be used with tax credits.  There are other Green Energy incentives such as SRECs, where you will save even more.

Solar financing: The initial upfront costs of solar may appear prohibitive. However, there are now a number of third party financing options available, allowing more people to access solar energy in their own homes.

Solar Leasing Options

The benefits leasing your solar energy system go beyond just the initial no up-front costs. Although you will not technically ‘own’ your solar energy system, your capital is not tied up in equipment and the monthly lease costs could be covered from your solar energy generation.

There are a number of companies in Ontario offering solar lease options, where for no-upfront costs and a fixed monthly fee, you can enjoy the benefits of solar energy.

However, it is important not be by lured by shiny lights and promises. You should conduct thorough research regarding your system’s potential solar generation vs. monthly lease costs, as well as payout options at the end of the lease. It may end up costing you more in the long run.

Bank Solar Finance

Many banks are now offering low-interest green loans aimed at customers installing solar energy systems on their homes. These type of loans often come with a loan repayment frequency aligned with your utility bill cycles and flexible term options. Several financial institutions in Canada are currently offering solar financing: check out TD Renewable Financing, Scotia Eco Energy Financing, and RBC Solar Panel Financing  programs.

 

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