How much can your residential BC Hydro be reduced by going solar?

August 19th, 2021 in Solar Power Economics
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As the owner of a Victoria residential home, you’ve probably wondered about solar power. It’s been available for decades and the BC government is currently offering rebates and reimbursements to help homeowners get set up. It can save you money, but are you aware of just how much your reliance on BC Hydro can be reduced? You might be surprised to learn it could be as much as 100%.

There’s already a lot to gain when you install solar panels. This eco-friendly option of generating electricity is a source of clean and renewable energy. As you decrease your dependency on finite--and polluting--petroleum products, you increase your home’s efficiency rating, as well as your property value. But perhaps what excites homeowners most is the idea of getting ‘off the grid’ and reducing how much they pay for electricity.

The break-even point for solar energy in BC ranges from 11 to 17 years. The variation is due to factors like the number and brand of solar panels, roof vs. ground mounted panels, and ease of installation.

Energy savings are then affected by the number of panels installed, their orientation, and the total surface area. Reducing your BC Hydro costs to zero means you would be generating enough electricity to cover the amount used by your household, plus making enough to sell back to the hydro company.

Victoria solar power companies will help you determine the best set up for your home. They can then crunch the numbers to calculate your solar power return on investment, so you can make an informed choice.

BC Hydro has indicated that their energy costs are going to increase in the next 5-10 years to cover aging infrastructure, equipment maintenance and inflation, so installing solar panels now may be the right investment for your home.

NetZero Solar will provide you with detailed information as to what solar energy solutions are best for you. Contact NetZero Solar today to learn more.

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