We’re sure you’ve heard some rumors or may just have some reservations. We’re hear for you and want to clarify all the myths around solar you may have heard. Yes, this including things like how much solar costs, the technology behind solar, whether or not it really is a good investment and yes, whether those darn solar panels will work when our snowy Canadian weather kicks in.
Go on, take a read. We think we covered all the FAQs you and others may have.
Solar panels will actually help protect your roof. Solar panels are mounted several inches away from your roof surface. This ‘racking’ system keeps environmental factors like rain, snow and UV rays from directly hitting your roof and will significantly increase the lifespan of your roof surface (saving you money and reducing the need to replace your shingles/roof surface).
Going solar will increase your home’s value. Early studies have found that homes equipped with solar energy have higher property values. Not only selling twice as fast, but also with a premium of up to 4% over similar homes in the same neighborhood.
Some companies even pay new homeowners additional money that have their solar installation.
If your home qualifies you can get an entire solar system installed at no expense to you. You can earn from solar with no money out of pocket AND no credit checks.
With Ontario’s MicroFIT program, the energy you produce can give you up to a 13% a year return on investment. This is better than many RRSP’s and stock options. The program guarantees stable electricity buy-back prices for 20 years.
Due to limited space in Ontario’s MicroFIT program you run the risk of not being accepted into the initiative. Apart from incremental improvements in technology, the basics of solar have effectively remained unchanged since the 70’s. This is when the Voyager probes were launched, and they are still going strong! However, there is a limited production and installation capacity and this limits the number of homes that are allowed to enroll into the program.
Solar panels continue to produce usable, sustainable energy regardless of if it is cloudy or not. In the case of snow coverage, solar panels actually increase the rate of snow melting (and are slippery to make the snow slide off) so power is produced regardless!