Will Solar Power Save you Money?
30 Mar 2021 Solar Power
Solar power is quickly emerging as a clean and environmentally friendly power source in British Columbia. With the ability to absorb solar energy even on a cloudy day, solar panels can provide reliable power for most homes and businesses regardless of their location. In addition to the reduced environmental impact, solar power will save you money compared to conventional hydro power. BNR Electric provides total installation and maintenance solutions for solar energy systems. Their team will work with you to provide the perfect solution for your home or business, allowing you to experience the benefits and value of solar power.
How Solar Power Saves you Money
Compared to conventional hydro power, solar power can save you money in a variety of ways. These savings are produced by:
Lower Electricity Costs
Solar panels allow you to run devices in your home without depending on power from BC Hydro. This allows for exceptional cost savings over time that quickly offset the price of panel installation. Many homes can even attain complete energy independence, minimizing electricity costs throughout the year.
Selling Power back to BC Hydro
By utilizing solar panels that are connected to the grid, homeowners can sell excess electricity back to BC Hydro. This allows for additional income alongside cost savings, optimizing electrical costs for your home. It is important to note that not all homes can be connected to the grid. We recommend reaching out to our experts to see if your home can be connected.
Increasing the Value of Your Property
As solar power continues to grow in popularity, solar panels will become a more desirable feature for any home. That is why adding a solar panel connected to the grid will increase the value of your property. This further enhances value and return on investment, making solar panels a viable choice for many homes.
Although BC does not currently have any rebates at the provincial level, it is the only province that offers total PST exemption for solar power. There are also many other incentives available to home and business owners from BC Hydro and other companies. These benefits allow you to minimize costs, further saving you money over time.
To learn more about the benefits of solar power to inquire about solar panel installation for your home or business, please reach out to the BNR Electric team at 604-819-7887 or through their contact form. Their experienced electricians will work with you to deliver the optimal solution for your precise needs.