02 Dec Common Questions About Solar Energy
Common Questions About Solar Energy
Solar power has become a hot topic for Canadian homeowners who want to reduce both their carbon footprint and utility bills. And although it may seem contradictory to think about solar energy as we transition into darker winter days, this is the perfect time to consider solar power before the spring installation season in Ottawa. We’ve answered some common questions about solar energy so you can determine if the investment is right for you:
Do solar panels work in the winter?
Solar panels can still generate electricity even if they’re covered in snow. You could experience a minor generation loss in the winter months. Plus, solar panels are more efficient in cold temperatures, increasing the daily amount of electricity produced despite fewer daylight hours. On overcast days, a solar panel can still produce as much as 30 per cent of the electricity it would on a sunny day.
Will it increase the value of my home?
The price of a solar energy system will vary depending on the size of your home. The average homeowner can expect to invest anywhere from $15,000 to $40,000, according to several Canadian producers. But research shows that the return on investment can be as high as four per cent when it comes time to sell your home.
There are also provincial and federal incentive programs for energy-efficient home upgrades, including the Canada Green Homes Initiative which can amount to $5,000 in rebates.
How big of a system will I need?
All it takes is a bit of research into your yearly energy use and the annual equivalent of full sunlight hours in your area. Adding up your monthly hydro bills to see how much energy you typically use in a year is a good place to start.
Wondering how you can increase the value of your home while reducing your eco-footprint? Before you make your improvements we are happy to discuss with you the changes you plan to make and their value. We are experienced Ottawa and Kanata REALTORS® and are here to discuss the present Ottawa market and market value of homes in your neighborhood. We would be pleased to help you, a family member or friend.
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