“Affordable electricity appears to be a growing challenge for Ontarians. Electricity prices in Ontario have increased dramatically by 71 percent from 2008 to 2016, far outpacing electricity price growth in other provinces, income, and inflation increases.” per Fraser Institute
Electricity is essential for us and allows Canadians to enjoy the comforts of modern life, from warm homes and warm meals; to internet access and entertainment.
The full enjoyment of these benefits depends on electricity remaining affordable for people across the income spectrum.
So what can we do?
Choosing Solar Energy: Better For Your Pocket and the Planet!
Solar energy is a clean, natural, and inexpensive way to provide energy for your home or business.
Why? Solar energy is one of the world’s most abundant sources of renewable energy, even in Ontario. In fact, Ontario has more sun hours than cities in Germany, which boasts the title of “The World’s First Renewable Energy Economy.”
Solar panels made from silicon (found on the sand’s beach), is a semi-conductive material, that when the sun’s rays hit the panel, they are converted to energy.
They don’t contain any liquid, moving parts, or corrosive chemicals, making them one of the safest/cleanest ways to generate power. Most of the panels have a 20 years output power warranty.
For powering the home or businesses, we add an inverter that converts that electricity to alternating current, which in the end, if you produce your own energy, you can saving your money and improving the environment at the same time.
What Happens When the Sun Isn’t Out?
If you are connected to the utility company, you can take the energy from the Grid, through the Net metering program.
Net metering is a billing mechanism that gives credits home or business owners with solar panels for the electricity they add to the grid.
Whatever electricity the home or business doesn’t use goes into the grid.
When solar energy isn’t available (such as at night), the home or business will use electricity from the grid, and the customer will only pay for their net electricity usage at a premium prices of 7.7 cents (for Up to 1,000 kWh/month), instead of at the tier… 13.2, 9.5 and 7.7-6.5.
In 20 years it is projected that the electricity will cost 60 cents, if there are 3 more years of no changes and a later a 7 % increase, which is very optimistic scenario.
If you generate as much solar power as you consume, you can save up to 85% on your electricity bills for over two decades!
Solar Panels: An Investment Worth Making
Another factor that prevents people from using solar energy in greater numbers is because they believe that panels are expensive and that they won’t see any benefit from solar panels.
That’s not the case. Solar panels are an investment, and as such, they can yield returns. The average cost of a solar solution is $3 to $4 per watt. If the cost of installing solar panels covers the cost of a years’ worth of electricity, you will save on your monthly electricity bills. It will take about ten years to recoup the cost of your investment.
Moreover, solar panels actually increase your property value. Studies have shown that for each 1 KW of solar panels installed, your home’s value could increase up to $6,000! (This varies per city/province).
There are many solar solution providers in Ontario – why should you choose Sinergia Mundial, The Best Solar?
We have the experience and knowledge to ensure your solar energy project is a success. We will work with you to determine the optimal solution for your needs, engineer it, arrange permits, install the panels, and connect them to your utility company.
To learn more: Call us at 647-785-5535 or TheBestSolar.ca