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Is solar right for me?

Is solar right for me? Would I benefit from installing solar power on my property?

We’ve detailed 7 points so you can understand if solar power is a good idea for your situation.

So, Is Solar Power Right For My Property?

We love solar, but understand everyones energy needs are different, so we’ve put together the 6 factors to think about when considering solar panels for your property.

Switching to solar energy is an impactful decision that brings significant environmental and financial benefits, as well as energy independence and freedom from rising energy prices.

But solar isn’t for everyone. You have to make an informed decision. So, is solar the right choice for you?

Canadian Solar Quotes – Canada’s one-stop shop for solar quotes – helps answer this question by breaking down the basic considerations you should keep in mind when thinking about this renewable energy option for your property.

1. Energy Consumption and Bills

If your energy bills are sky-high, switching to solar energy may offer substantial savings.

Solar allows you to generate your own electricity and reduce dependency on the grid, providing long-term cost benefits.

To become energy independent (not rely on the electrical grid for your power) you need to offset your energy usage by 100%.

If your energy needs are high, you will need more solar modules, which requires more space to install.

2. Sunlight Exposure

Is your property exposed to a good amount of sunlight? The efficiency of a solar energy system largely depends on the amount of unobstructed sunlight your property receives.

There are factors we can’t control, such as cloudy days when it comes to hours of sunlight exposure per day.

But there are factors we can control and mitigate, such as shade from a nearby tree.

If your panels are constantly getting covered by shade or shadows, your energy generation will reduce.

3. Future-Proofing Your Home

When making a long term investment for your home, it’s important to keep in mind the impact solar will have when selling your home.

Solar PV systems can increase the value of your property by making it more attractive to potential buyers interested in energy efficiency and reducing carbon footprints.

Overall, we see a 3-4% increase of homes with solar installed, when compared to homes without solar power saving money on grid electricity prices.

4. Environmental Impacts

If you’re concerned about reducing your environmental impact, solar energy is a great choice.

Solar panels generate electricity without emitting harmful greenhouse gases, contributing to a cleaner, healthier planet. This has a greate impact when you factor in reducing your need for energy generated by fossil fuels.

Sure, the cost of manufacturing modules and inverters, like any other item, has an impact on the environment and resources needed. But we’re talking reduced carbon emissions over decades.

Long-term, solar modules remove greenhouse gases from the atmosphere and that’s a win for our planet.

5. Long-Term Investment

While the initial costs require some investment, they can be seen as a long-term financial strategy. With the available financial incentives, grants, or tariffs, the return on investment (ROI) can be substantial over time.

Take Alberta energy prices for example. In 2020, the average cost per kWh was $0.167. In 2023, this cost per kWh had risen to $0.258.

As the cost of energy continues to increase, locking in your energy prices for the next 30 years is a great long term investment.

6. Energy Independence

With a solar power system, you gain significant energy independence, insulating yourself from fluctuations in the price of grid-supplied electricity.

Removing the need for electricity from the grid and generating your own power is a powerful thing. You’re no longer subject to price spikes and those prices just keep rising, year after year.

With solar, you protect yourself from rising energy costs and the uncertainty of price volatility.

As the technology advances and becomes more efficient, solar energy costs continue to decrease, making it a cost-effective solution.

The price increase of energy in Canada over the last few years has doubled, with Edmonton paying 12.8 cents per kWh in 2021 and 25.6 cents in 2023. This increase shows the value of solar and removing yourself from the price fluctuations.

6 Points to Understanding if Solar Power is Right For You

Well, no one can answer that but you. Solar is a good fit for most property owners in Canada, but you have to go into the investment with a long-term mindset.

While the “solar-right-for-me” question depends on several individual factors, the broader benefits of solar energy make it a worthwhile consideration for many.

At Canadian Solar Quotes, we’re committed to guiding you through the decision with transparency and expert knowledge.

Ready to get started and get your 3 solar quotes? Contact us today to make solar simple.