Eliminate or significantly reduce your electricity bill with solar energy
One of the main reasons homeowners and business owners choose to install a solar photovoltaic (PV) system is to eliminate or significantly reduce the electricity bill. By combining energy efficiency initiatives like using energy efficient LED lighting at your home or business and coupling them with a solar system, you can achieve significant, stable, predictable and long term cost savings. And that’s before factoring in volatile inflation and electricity rate increases that will likely make your energy costs even more unpredictable and costly. Installing a solar panel system at your home or business takes you out of this cycle. Cost saving increases and paybacks on your solar system investment can be accelerated even more by factoring in if you shift from a gas powered vehicle to an electric vehicle. See how Solar Energy Works here.
Solar Energy can help eliminate your hydro bill
Going solar can eliminate your hydro bill completely (except for your monthly account fee) or dramatically reduce it. Sizing the appropriate solar system for your home or business depends on a few different factors and these include how much energy you currently consume, cost-effective efficiencies that we can identify to lower your consumption then designing the must suitable system to meet your needs.
Solar Energy & Net Metering
The Net Metering program is available to anyone who generates electricity primarily for their own use from a renewable energy source (wind, water, solar radiation or agricultural biomass). Systems that are 10 kW or less are typically large enough to power most homes and small businesses but there are many factors that we need to take into consideration during the design stage.
Net Metering uses Solar Energy
Net metering allows you to send electricity generated from your solar system to the distribution system as a credit then drawing on the credits when no power is being produced. Any excess power works as a credit towards your electricity costs. Excess generation credits can be carried forward for up to 11 months including the 11th month, to offset future electricity costs.
Electricity consumers in Ontario who produce some of their own power from a renewable resource can take advantage of the “net metering” initiative. Net metering allows you to send excess electricity you generate from renewable resources to the distribution system. This will appear as a credit toward your energy costs. In essence, it’s a “trade” of electricity you supply against electricity you consume.
How does Net Metering Work with Solar Energy
Once you’re connected to the distribution system, your local distribution company (LDC) will install a bidirectional meter and continue to read your meter. The amount of electricity you’ve supplied to the grid versus the amount of electricity that you’ve consumed from the grid is subtracted and what you’ll see on your bill is the “net” difference between these two amounts. If you supply more power than what you take from the grid over the billing cycle, you’ll receive a credit toward future energy bills. The credit can be carried forward for up to 11 months.
Eligibility criteria include, but are not limited to:
- You must generate electricity primarily for your own use; and
- The electricity must be generated solely from a renewable resource (wind, water, solar energy or biomass).