Why Switch to Solar Energy: The Financial Benefits
When solar energy first hit the market, it was not nearly as affordable as it is today, and it got the reputation as being a sort of eco-luxury for wealthy environmentalists. Costs have changed dramatically since then, but unfortunately the now false reputation has stuck around.
Today, due to a number of factors including global demand and amazing local rebate and incentive programs, solar energy is not only affordable but actually saves you money both in the short term and the long run.
Let’s take a closer look.
We’ve written before about Efficiency Nova Scotia’s SolarHomes rebate program, which is available to Nova Scotians, and we have an upcoming post on the SolarCity program, which is available to HRM residents. Both combined and individually, these rebate programs are a huge win for solar in Nova Scotia and have made making the switch to solar energy a financial no-brainer.
The (short-term AND longterm) financial benefits of solar energy:
1. Your power bill drops right away. With solar energy, you’re making your own energy, rather than having to pay for it. The result? A lower power bill from Day 1! The average home can save $1628 annually on their power bill.
2. Support from rebates and incentive programs. The SolarHomes program (open to all residents of Nova Scotia) and the SolarCity program (open to residents of HRM) have made solar installation financially available to everyone.
3. Protection from rising power rates. When you’re “buying” your power, you have no control over price hikes, but with solar energy, you gain autonomy over your energy costs.
4. Long lifespan. An average solar energy system lasts 30 years but is paid off in 10 years. That means a good 20 years of nothing but lower power bills!
5. Increases the value of your home. Installing a solar energy system increases your home value by at least the cost of the system, so you’ll reap the benefits if you decide to sell your home in the future.
To get started with your solar energy system, get your FREE customized assessment today!
Does Solar Energy Work Through Winter in Nova Scotia?
Now that the temperature is dropping and snow has become a regular fixture here in Nova Scotia, you may be wondering if solar energy will work through the long winter months. Won’t the solar panels be covered with snow? Isn’t it too cold? Are there even enough hours...
Understanding HRM’s Solar City Program
If you’re following us on Facebook and Instagram, you’ve probably heard us talk about the amazing solar energy rebates and incentive programs available to Nova Scotians. A couple of weeks ago, we broke down the details of Efficiency Nova Scotia’s SolarHomes rebate...
Why Switch to Solar Energy: The Environmental Benefits
Of the many reasons for switching to solar energy, one that particularly stands out is its environmental benefits. A welcome (and much needed) alternative to the non-renewable energy sources we have been relying on, solar is not only the cleanest but also the most...
