How much are BC Hydro costs increasing?
Hydro costs have increased 21% in the past 4-5 years and the industry expects them to continue to rise 4% - 5% per year. With aging infrastructure and large capital investments many believe the increases will be more substantial in the years to come. Currently if you were to include GST, PST and tier 2 rates, Hydro costs in British Columbia are 13-14 cents per kilowatt hour.
What is a grid tied or off gird system?
A grid tied solar panel system is the most cost effective solar install. This essentially uses "the grid" as a free battery to dump your excess solar, should you not use it all up when you are producing it. The beauty of this is that BC hydro pays you back for what you give them through a program called "Net Metering". Off grid solar panel systems are very similar except we also install batteries for storage. These are typically more expensive and technical as they involve batteries and additional equipment. As the world moves towards tiered electrical metering we believe that in the very near future all homes will use an AC coupled system which is a blend of off grid and grid tied. This system will enable you to store your power locally in your house AND sell it back to BC Hydro.
Will it effect the value of my house? What if I move?
YES it will and don't worry about it!
Let us explain, as this is one of the most under-rated benefits of installing solar in your home.
A study in the United States showed that the value of a home with solar installed went up $2-$3 dollars per watt installed and also highlighted homes for quicker sales. To simplify, a common 4000W install would increase the value of your home by $8000 - $12,000. Often there is the concern of "what if I move". Leave it there, include install value in your sale and you'll not only pull your investment back out but also sell your home quicker.
If I want to run my whole house on solar, how much will that cost?
This is a tricky question because every house is different with wildly different electrical needs. A very easy example is that many houses are heated by natural gas, while some are electric, both of which will be the largest electrical loads in the house.
It also depends on your budget. While solar does have a lucrative return on investment there is an initial cost up front. Some quick examples are:
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8 panels will off-set one family of 4 electrical hot water tank.
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6-8 panels will produce enough energy to power a city driven electric car.
We find the best value starting budget for an install is a budget of $4000 dollars.