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It's a Good Time to Invest in Yourself

  • Writer: touchofsouch
    touchofsouch
  • May 18, 2020
  • 2 min read

If you have ever thought of installing a solar system there has never been a better time!

First and foremost the prices of solar panels have dropped 80% in the last decade making them a sound investment for grid tie systems. When you can pay off a system in 10-15 years on the savings from your power bills it makes sense to invest in your future, as you will continue to save money for many more years to come! Quality panels come with a 25 year lineal warranty and will continue to perform beyond that with minimal degradation of output. Our first panels are over 25 years old and they still peak above rated output in optimum conditions!


You can estimate how big of a system you need by looking at your KWHrs used on a yearly basis. BC Hydro and Fortis BC have Net Metering programs that allow new installations up to 110% of your usage. The smart meter on your house will credit you for all surplus power you produce and apply those credits toward your bill. Both Utility companies are talking about changing to a flat rate next year which will benefit some and cost others more. By installing a grid tie system you neutralize inflation and as the rates increase your system is paid off faster!


In unstable markets as we have seen this year the safest investment is in yourself and your home. A solar system increases the value of your home while giving you a reliable return on your investment. Also at the same time you are setting yourself up for retirement by having more disposable income because you have one less bill to pay.


Lastly in times of crisis, as we have seen with Covid19, we get a chance to reevaluate what is really important and essential. To be self reliant and able to live comfortably for extended periods of time is crucial. If you add a backup battery bank to a grid tie system you have storage in case the grid goes down. This allows you to keep essential appliances and lights working during power outages. Those of us with the knowledge and the means to be able to invest in our own self reliance will be the solid foundation of our communities. The world is changing fast and we don't know what to expect in the future, but to prepare ourselves with basic supplies and be self reliant gives us the best chance to not live in fear and panic.

 
 
 

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