Solar energy is the radiant energy emitted by the sun. It can be harnessed as a renewable energy source
in regions with enough daylight hours—since the energy from the sun can only be harnessed during the
day with optimal weather conditions.
These are panels that can heat water or air ventilation. This technology is widely used in commercial
This uses solar cells to convert the sun’s radiant energy into electricity, and this is the technology that
you will be adding to your new custom built home.
In the past the cost of solar energy per kilowatt hour (kWh) has been prohibitive for the average
homeowner, however in recent years it has seen a drastic reduction in price—thus making it more
accessible and increasingly popular among those looking to build a custom home. In fact, since 2004
there has been a 13.8% rate of growth for those with installed capacity for solar thermal power.
Given all of this, it makes sense that one of the questions we are being asked more often is if investing in
solar power is worth it the initial investment. The answer is that It can be depending on a few factors
that we will discuss below.
Why do you Want Solar Energy?
If you are motivated by becoming greener and looking towards the future of renewable energy then the
investment will certainly be worth the payout for you. And you will be in good company, 80% of
Ontarians would also like to see more power being generated from renewable sources. Half of Canada’s
energy requirements could be met by installing solar panels on the rooftops of residential buildings. If
this appeals to you, then the potential savings and sustainability will just be added bonuses.
If you are looking from a numbers perspective than you may have to investigate how the initial cost
weighs up against the lifetime of benefits. Factors that go into this include; how much you pay for the
initial investment (which can vary depending on the provider and quality of equipment you choose);
how much energy you consume; and how much you pay per kWh by region. Ontario notoriously has
some of the highest rates in Canada so the savings can definitely add up.
Also, in Ontario, you find the “peak rates” billing system where users are charged more during peak
hours. These hours coincide with high daylight especially in the summer as people run central air and air
conditioning at times when it is the hottest. So, there will be additional saving in the summer months.
Another cost perk is that you can sell your excess solar energy back to the province through Ontario’s
Feed-In-Tariff (FIT) program. This gives you the opportunity to sell solar power back to the grid at a
guaranteed rate of $0.39 per kWh. Then you are able to buy back energy for your personal use at $0.12
Ontario is trending towards solar energy and if you are in the market for a custom-built home it is the
perfect time to move towards a more sustainable future.