Tag: lower electricity

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Solar Panel Costs

Solar energy is an attractive option for many homeowners and business owners. The idea of reducing electricity bills, supporting sustainable practices, and increasing home equity are just a few of the great features of going solar. But how much does it cost?

We get it. We don’t like spending more money than we must either. But there has never been a more financially supportive time in Alberta’s history – to go solar. So let’s help break down the numbers, and see how affordable solar is.

What does a solar panel cost?

This can differ depending on solar panel size and type. These factors will depend on how much electricity you use, and your site. A quick search will show individual panels can cost anywhere between $50.00 for a small panel, to $300.00 for a large one. Because of this, it’s better to estimate the cost based on the size of the solar PV system.
Although solar PV system costs also can vary quite dramatically, they usually range from $10,000 to $25,000. To get a rough quote for yourself, fill out our free estimate form and we can get back to you. For the most accurate estimate, talk to us about a free site assessment!

How much does maintenance cost?

Solar panels are actually very low maintenance. Once they are installed, just let them do their job! If they become heavily covered in dust or debris, you can contract someone to clean them off which does not cost very much. We don’t recommend cleaning them yourself for safety reasons. You can contact your solar contractor for help finding someone to clean the panels. If they don’t do it themselves, they should be able to recommend someone.
The panels themselves are very durable and should last for decades. If something does go wrong with one of them, warranty may cover the cost of replacement, otherwise it may need to be replaced.

How much will my electricity bill go down?

This depends on the size of your array. While your electricity costs can be brought down incredibly low, possibly even to zero, you will still have to pay fees for services such as distribution by your utility provider.

How long will it take my investment to pay off?

Again, this depends on the size of your solar array and your electricity usage habits. Anywhere from 10 – 20 years is common but could be shorter or longer depending on your electricity consumption and solar array size. During this time however, you are paying off equity you have invested in your home, instead of paying for the electricity itself!

How can I afford solar panels?

There are several different ways to afford solar panels. First off, you will need the initial investment. Once the solar panels are installed and operational, there are several types of rebates available.

Savings, Friends, and Family

Usually one of the first places people go to for financing any home investment is their own savings, or small contributions from friends and family.

Financing

Lot’s of financing options are available for funding solar panels installations. We even have our own financing! Take a further look into financing here.

Loans / Line of credit

Loans and lines of credit are like financing and can be obtained from most financial institutions. Talk to your bank for loan / line of credit options and interest rates.

Gofundme

Solar is great! If you are social savvy, why not make a case for going green? You might be surprised how many people will support your efforts in establishing a sustainable lifestyle.

Rebates and Incentives

This is what you’ve been waiting for. Alberta has been slow in supporting renewable energy transition but is making up for it. Both Alberta and Municipal rebates now exist, and we can even help you find out which is the best option for you. Take a look at our incentives and rebates page here.

Want more help?

Give us a call or send us an email to find out more! We can go through the entire process with you, do a site and cost estimate, and go through funding options with you. Give us a call or send us an email to get started.

Gridworks Energy
587-405-9090
info@gridworksenergy.com

Solar panel company

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Can Solar Power my Home?

MYTH: Solar can’t power my home

Without a huge solar PV system and battery bank – you are right. Grid-tied systems, however, don’t have to.

How a grid tied system works

In a grid tied system, you are not actually powering your own home. You are producing power to send to the electrical grid which is known as micro-generation. When you produce more electricity than you consume, your utility provider will credit you for the additional electricity through net-metering (see Section 8 of the Micro-Generation Regulation). You will still have a utility bill because the grid is still being operated. Your fees may include your distribution charge, transmission charge, local access fee and delivery charge. If you do not produce quite enough energy to cover the amount of electricity you consume, you will also need to pay the difference for electricity use.

Why this works

This means that no matter how much electricity your solar panels produce:

  1. You will have full electricity if the grid is operational (example of non-operational would be a local power outage)
  2. Your lights will not be ‘dimmed’
  3. You will have full power for your electric water heater, electric vehicle charging station, computers, TV’s, Microwave, and other electrical needs
  4. You will have electricity at night and in the middle of winter

Your panels are intended to off-set your carbon footprint, so while you still are using the electrical grid, you are ensuring that the amount of electricity you consume is being provided by clean energy sources.

What about in the winter when there is less light

Alberta winters provide an ideal setting for solar panels to produce electricity. There will be times through the year where your panels do produce more or less electricity based on amount of daylight hours, shadows, and temperature. The reason micro-generation works is because you are credited when your panels produce more electricity, which you can carry forward for 12 months. These credits can then be applied to your bill during the months where your panels produce less electricity than your household consumes. This essentially zero’s out your electricity costs, so all you have to worry about is the utility company fees.

 

Now that you are ready to save on your electricity bills, build equity in your home, and help protect the environment, give us a call for a free estimate!

Gridworks Energy
587-405-9090
Free Estimate Form