Top Solar Company Toronto, Ontario
Solar panels enable homeowners to produce some or all of their electricity needs. This can save them thousands of dollars over the lifetime of a solar installation.
Although solar is cheaper, more efficient, and more durable than ever, certain areas in the city of Toronto are better suited to the technology than others.
So, is it worth it to install solar panels in Toronto?
Well, it depends on a few factors. But first, to determine whether solar panels makes sense for your home, you should begin by analyzing your neighborhood.
If your residential address is oriented on an east/west street, such as Queen Street West, your home will likely have a south-facing roof. This is optimal for good sun exposure, which is important when factoring in the efficiency of your solar installation.
Streets running north/south require a more meticulous roof analysis to assess whether there is enough sun exposure. This rule is a general principle; homeowners should always evaluate their specific roof conditions. If you have questions about the orientation of your property, you can always get in touch with us for a free solar consultation.
Under Premier Fords Progressive Conservative government, solar incentives for homeowners, among other solar initiatives, have unfortunately been canceled. But luckily for Toronto residents, the city has taken a more proactive approach than the Province in growing residential solar.
The Home Energy Loan Program provides up to 75,000 in loans to help Toronto residents make improvements on their property. Homeowners installing solar panels are eligible for this loan, should they so choose.
The city of Toronto also provides “complimentary consultations and guidance to residents and businesses to support the installation of solar PV systems on Toronto homes.
If a household generates excess solar power on their lot, they can take advantage of net metering, where local distribution companies (LDCs) provide credits for excess energy produced that go towards covering electricity bills. It is always important to check with your LDC directly; some make it incredibly seamless to go solar.
If you’re not sure, get in touch with us!
Toronto’s excessively high electricity prices, coupled with the local and federal incentives on offer, make it clear that Toronto homeowners should explore the option of adding a solar installation to their property.
Net Metering in Toronto:
Toronto Hydro offers net metering for solar, allowing homeowners to maximize the benefits of their solar systems. With the peaks and valleys of energy production, the Net Metering program helps manage electricity and reduce hydro costs. As part of the program, when GTA homeowners produce more renewable electricity than they can use, the surplus supply is sent back to the grid, and they receive a credit on their bill for times when they draw power from the grid. To be eligible for net metering, homeowners must generate electricity primarily for their own use from renewable sources and meet the technical requirements outlined by the Ontario Energy Board. At Terawatt Solar, the majority of our homeowner customers qualify for net metering, enabling them to better manage their energy costs and contribute to a sustainable energy future.
