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, Oakville
Solar for Residential, Oakville
These days, many Canadians are struggling to pay their bills amid the rising cost of living. One of the biggest factors which affects the cost of living is the rising cost of utility bills. Many homeowners have turned to sustainable energy as a way to bring down their utility costs, and reduce their carbon emissions. Solar power is one of the most common types of renewable energy sources that has begun to gain traction amongst Canadians, mostly because it helps to reduce electricity costs, while also reducing carbon emissions by 5-10 times the amount compared to natural gas.
Apart from reduced carbon emissions, one of the biggest benefits gained after installing solar panels is decreased reliance on the electrical grid. Relying mainly on solar power allows you to capture and store energy during the day, and discharge that stored energy later in the day when utility costs increase. Utility providers are known to increase usage rates arbitrarily, which can cause your utility bill to go up unexpectedly. Being self-sufficient when it comes to energy access allows homeowners to reduce fluctuations in their electrical bill, and minimize electrical costs.
Another great benefit of installing solar panels in your home is the increase in property value. Studies have shown that your home valuation can increase by up to 4% after installing solar panels, which can translate to thousands of dollars in profit. In addition, Ontario provides a $5,000 rebate to homeowners who install sustainable infrastructure in their homes, which can help to offset the cost of installation.
There are many factors that go into determining the optimal solar power system, such as the layout and size of the home. The cost of installation will be dependent on the size of the solar power system and its capacity – 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 Oakville 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.