As utility prices rise, many homeowners are starting to turn towards renewable energy as a way to reduce their utility costs.
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Solar for Residential, Etobicoke
Solar for Residential, Etobicoke
Rising utility costs have become a cause for concern for many homeowners, and as a result many people are starting to turn to renewable power as a means to reduce reliability on the electrical grid. Complete reliance on the electrical grid can be problematic in the long term, since utility providers can increase rates arbitrarily, meaning that many homeowners will experience unexpected increases in their utility bill. Solar power is a renewable source of energy, which allows one to reduce carbon emissions by 5-10 times the amount compared to natural gas, and reduce/eliminate dependance on the electrical grid.
Solar powers can be beneficial by increasing the property value of the homes they are installed on. Studies show that homeowners who install solar panels in their home can see an increase in property value of 3-4%, which translates to thousands of dollars in profit. In addition, homes with solar panels also tend to sell faster. An added benefit for homeowners in Ontario is the opportunity to earn up to $5,000 in rebates when incorporating renewable energy infrastructure into their home.
Solar panels are one of the most popular renewable energy sources, and many homeowners benefit from being able to reduce their electrical consumption and utility bill by storing solar energy and discharging it at times when utility costs are high. Some energy distribution companies also participate in programs that allow homeowners to sell their excess solar energy back to the electrical grid in exchange for payment or credits on their utility bill.
The cost of installing a solar power system will depend on the layout and size of your home, and the system’s capacity in watts. In Ontario, the average cost of installing a solar power system is approximately $2.46 per watt. If you’re thinking about installing solar panels in your home today, don’t hesitate to contact MADE ELECTRIC for more information! Our team operates within Etobicoke and the GTA, and we are committed to helping meet all of your needs.
Frequently Asked Questions (FAQs)
What happens to the excess solar power produced by my panels?
In Ontario, you can work with your local utility provider to either earn a credit on your electric bill, or sell your excess energy back to the grid for profit. Any credits that you receive on your electric bill can be carried forward and saved for up to one year.
Will my solar panels still work when it snows?
Solar panels need direct access to sunlight to work, so if the panels are covered in snow they will not be able to function properly and produce electricity. The snow is not heavy enough to damage your solar panels, however if the snow accumulates it can be cleaned off the panels easily. In addition, most panels are tilted since they are installed on roofs, so snow accumulation is uncommon and the panels will rarely need to be manually cleaned.
What size solar energy system should I get?
The size of your solar power system will depend on many factors, including but not limited to the size of your home, the weather and climate conditions in your city, and the typical electrical usage in the home. A licensed electrical contractor can help you determine what size solar energy system you should get, and help you figure out the best layout to best suit your home’s needs.