solar makes great financial sense
The math is actually pretty simple. In most cases, if your monthly electric bill is estimated to be more than $100, you could save money every month with a Sharp solar electric system. Even if you finance the cost of your system, the loan payment plus your new, lower electric bill will usually be less than your previous statement. This means your savings start immediately, and your system will eventually pay for itself.
Some homeowners may even earn back two to three times the cost. A lower electric bill and a system that pays for itself are just two reasons why solar is a smart investment.
The Brilliant Financial Benefits of Going Solar
Here's what you can expect when you choose to go solar:
Savings every month. A Sharp solar electric system powers your home so you can use considerably less electricity from the public utility.
Government of Canada ecoENERGY Retrofit grants. The Government of Canada ecoENERGY Retrofit grant can help pay for a substantial percentage of your system and installation.
Solar gives you protection against electricity rate hikes. Because solar installation is a fixed cost, savings increase as utility rates rise. Essentially, you're building in a hedge against future rate increases. And rising utility rates are definitely something you can count on, especially considering that they've gone up faster than inflation for the past 30 years.
Solar increases the value of your home. A solar electric system can increase a home's value by reducing its annual operating costs.
Solar offers you energy independence. By switching to solar electricity, we can help alleviate our dependence on foreign sources of energy. Solar electricity is used where it is made, so there are no transportation or delivery costs. Solar electricity's price stability is also independent of the effects of natural disasters, foreign political instability or trade disputes. The supply chain extends simply from the sun to your roof.
Solar Comes With Big Financial Incentives
The Government of Canada has renewed the ecoENERGY Retrofit – Homes program from June 6, 2011, to March 31, 2012, to help homeowners make their homes more energy-efficient and reduce the burden of high energy costs. For home retrofit grant information, visit Natural Resources Canada at http://oee.nrcan.gc.ca