Considering solar for your home
Solar Panels are in increasing in popularity in Alberta, and for
Alberta is ranked as the second-best province in Canada to generate solar electricity. In addition to being positive for the environment, a solar system is a smart purchase and provides a return on investment unlike many other home improvements. Here are some facts that dig into some of the key drivers that most homeowners consider.
Why consider solar in your home?
Reason #1: Reduce your cost of electricity. Paying for utility energy is essentially renting your energy; the utility gets to set the price, and costs continue to increase over time. Solar energy gives you a new, more affordable way to lock in your cost of electricity over the 25 year plus life of the system.
Reason #2: Increased home value studies show that solar increases value of your home 3-4%. For an average priced home in Alberta (~$495,000 CAD). that is an potential increase of ~$17,325 CAD, a recovery point for most residential solar systems. Homes with solar are also believed to sell faster than those without, providing homeowners with additional flexibility and value.
Reason #3: Climate leadership. Adding a home or business solar system can show energy independence and climate leadership by reducing other energy sources such as natural gas or coal. Being a leader is the first step to seeing a renewable energy transition in communities and helping Canada reach its climate action goals or net-zero emissions by 2050.
Reason #4: Reduce carbon footprint. Although emissions are produced during the production and transportation of solar panels, it typically takes less than two years for a solar panel to generate the same amount of energy required for its production. SOLAR HAS A NET POSITIVE IMPACT. This means that a solar panel lasting at least 25 years could save at least 20 years worth of home emissions!