Eliminate hydro bills including delivery charges with Net Metering
Do you have major hydro bills? Do you have a Geothermal system?
Every year, get a energy bill for $0 from Ontario Hydro. You could just pay the service charge to maintain the hydro lines. The Net Metering service charge is $41.00 per month. It’s very simple: consume electricity from the Ontario electricity grid just as you always have. Feed the solar power you generate into the grid, and get a credit that goes against your hydro bill.
If you generate as much power as you consume, your bill drops to zero. No batteries. No special permits.
Ontario’s Green Energy Act brought large-scale solar manufacturing to Ontario. As a result, the average cost of a solar, photovoltaic, or PV panel has dropped by approximately 70% in three years.
What does this mean for you? The cost of a solar installation big enough to cover a year’s worth of hydro bills now takes roughly 10 years to payback, not 30. In other words, pay as much for your system over about 10 years as you would in hydro bills, and after thatyour hydro is effectively free.
The fine print
There are no complicated regulations surrounding where and how your solar array is installed. Naturally, SunFish Solar will help you work out the optimal positioning.
Carry credits forward The electricity credits you generate—over the summer months
, for example—can be used against your hydro bill for up to 12 months.As a capital expense, you can write off part of your solar installation.
As the price of solar panels continues to come down and the cost of electricity goes up—it has almost doubled in the past 10 years—Net Metering becomes more attractive.
If you get rolling now, you may have system payback in eight or nine years, as hydro rates climb.
To find out more about the potential of Net Metering for your farm or business, please contact us today. We will be happy to elaborate.