Solar for Residential, North York
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, North York
Each year, many homeowners begin to face financial hardship when they realize that their utility bills have increased exponentially. When you are reliant on the electrical grid to provide power to your home, you can experience unexpected increases in your bill payments over time. One way to mitigate rising utility costs and decrease your reliance on the electrical grid is to install renewable energy, ie. solar power. Solar power is a renewable energy source which has been gaining popularity as an efficient and reliable method of generating power, while producing 5-10 times less carbon emissions compared to natural gas or coal.
One major benefit experienced by homeowners after installing solar panels is an increase in property value – according to recent studies, installing solar panels on your house can increase your home value by up to 4%, resulting in thousands of dollars of profit. In addition, residents of Ontario can earn up to $5,000 in rebates for installing environmentally friendly energy upgrades (such as solar panels) in their home. As an added bonus, homes with solar panels typically tend to sell faster.
As mentioned earlier, solar panels are one of the most common methods of reducing one’s reliance on the electrical grid. Relying on mainly solar power means that you can use and capture solar energy during the day, and then discharge the stored energy at night. This is financially advantageous because most utility providers charge more for electricity during the nighttime, so using stored solar energy instead of grid power could increase your savings.
The cost of installation for a solar power system will depend on the size and layout of your home, and the solar power system 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 North York 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.