Solar Power Return on Investment
Converting to a green energy solution for your home or office power needs is not only good for the environment, but it can be a viable investment. In BC, break-even points for solar energy range from 11 to 17 years. You will save on your energy costs, plus will increase your home value when it’s time to sell.
Solar Energy Calculations
The return on investment for converting your home to solar energy varies with each project. The calculation depends on installation cost, solar energy production, and projected grid energy costs.
A few factors for converting your home or business to solar power include:
- Number and brand of solar panels
- Brand of inverter equipment
- Ease of solar Installation (roof shape / pitch / ground mounted panels, etc.)
- Type of solar installation (eg. roof vs. ground mounted panels)
Solar Energy Production
Cost savings for solar power are affected by:
- Total surface area of solar panels
- Number of solar panels
- Orientation of panels to the sun
- Shading from trees or other (chimney etc.)
- Solar panel maintenance
Grid Energy Costs
In 5 or 10 years from now, your energy costs from the grid are going to increase according to BC Hydro need for infrastructure maintenance, installation of new hydro-electric equipment and inflation. Our calculations take this into consideration when calculating your solar power return on investment.
NetZero Solar will provide you with detailed information as to what solar energy solutions are best for you.
Contact NetZero Solar today, and discuss with us whether solar energy solutions for your home or office are the right choice for you.