Should I Invest in Solar Panels in Canada?

June 2022

Reasons to Go Green With Solar Panels

Solar panels can be a hefty investment so is it worth even spending money on renewable energy? The answer is a definite yes. If you had asked years ago it might have been a maybe, but with modern advancements in tech you can expect reduced costs in the long run. It’s slightly more affordable then before but still comes with a cost. There are many different uses for them. Even homeowners have the option now to invest in renewable energy at the comfort of their own homes.

Solar energy can be a viable and effective renewable energy source in Canada, but its performance and economic feasibility vary depending on several factors:

  • Geographic Location: Canada is a vast country with varying climates. The effectiveness of solar panels depends on your specific location. In general, southern regions of Canada, such as Ontario, British Columbia’s southern coast, and parts of the Prairie provinces, receive more sunlight and are more suitable for solar energy generation.
  • Sunlight: The amount of sunlight a region receives throughout the year is a critical factor in the efficiency of solar panels. Areas with more sunny days and longer daylight hours will have higher energy production from solar installations.
  • Climate: The Canadian climate includes cold winters and varying weather conditions. Solar panels can still generate electricity during the winter months, but their efficiency may be reduced due to snow cover and shorter daylight hours. Proper installation and snow removal strategies can help mitigate these challenges.
  • Incentives and Policies: The availability of government incentives, rebates, and net metering policies can significantly impact the economic viability of solar installations. Many provinces in Canada offer incentives to encourage solar energy adoption, so it’s essential to research the current policies in your specific province or territory.
  • Energy Consumption: The size of your energy consumption and the amount of electricity you want to generate through solar panels will affect the feasibility and economic benefits of a solar installation. Larger energy users may find it more cost-effective to invest in solar energy.
  • Installation Costs: The cost of purchasing and installing solar panels has been decreasing over the years. It’s crucial to obtain quotes from local solar installers to determine the cost and potential return on investment for your specific situation.
  • Grid Connectivity: Canada has a well-developed electrical grid, which makes it relatively straightforward to connect solar installations to the grid and take advantage of net metering programs.
  • Environmental Benefits: Solar energy is a clean and renewable energy source, aligning with Canada’s goals of reducing greenhouse gas emissions and promoting sustainable energy sources.

Whether you’re a contractor, homeowner,  or business, there’s a solution for what you’re searching for. Solar energy can work well in Canada, particularly in regions with favourable sunlight and supportive government policies. The government is pushing for clean energy so make sure to take advantage of any federal programs or provincial incentives, these will help reduce the cost for any of your purchases. Make sure to check what the rebates are before selecting your solar panels.

Places with access to sunshine works best for those who are thinking of investing. Solar panels are optimized during sunny days, this means location plays a vital role in how much power you generate. You still collect energy on cloudy or gloomy days, it will just be 10-25% of your typical power capacity. Contact us our solar experts to help you navigate and and consider the factors mentioned above to determine whether solar power is a suitable choice for your home or business in Canada.

 

 

Commercial, Residential, & Industrial Solar Panels

E.B. Horsman & Son participates in different green initiatives. Choose from Charge Solar or Banner for your solar panel project. Contact us to get a quote or more information.

Residential Solar Solutions

Solar energy helps homeowners save money on electricity costs, reduce their carbon footprints and help curb greenhouse gas emissions.

  • Off-Grid solar power systems
  • Battery back-up

Commercial Solar Solutions

Commercial properties that have solar applications are positively effecting their public image by showcasing their efforts of “going green.”

  • Commercial grid-tie solar energy systems

Industrial Solar Solutions

Solar power systems are used to provide power for industrial oil & gas sites across Canada.

  • Power for hazardous locations
  • Remote power applications

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