You have heard that renewable solar energy is beneficial but you are not sure why it is. Many people even wonder how installing solar panels in their home or offices can eliminate electric bills or cut it low every month. In this article, we will be discussing about how renewable solar energy can keep your electricity low.
The electricity prices in Canada have never stayed the same or decreased on their own. The electricity tariffs in the nation increase every year. As a matter of fact, Alberta power prices are expected to double this year, according to an article written by Chris Varcoe for CalgaryHerald. This means electricity consumers will see an increase in their electricity bills. This trend is likely to continue in the future as prices of natural gas are expected to increase further in the coming years.
Thus, the easiest way to save on electricity bills is to make use of the renewable sources of energy. But it is not easy to utilize all renewable sources of energy. The only renewable source of energy that can be easily harnessed is solar power. Therefore , switching to solar energy in Calgary will really help you save your money by keeping electricity bills low.
According to Varcoe, “In 2017, the Alberta pool price for electricity averaged $22.19 per megawatt-hour (MW-h), less than half of pre-recession levels when the economy was roaring.” However, the report by electricity consultants EDC Associates predicts that the wholesale electricity prices will average $51.49 per megawatt-hour (MW-h) this year.
On the other hand, there is literally no cost to generate solar power except the initial investment. Once the solar power system is installed on the rooftop, it requires minimal maintenance and can last for nearly three decades with a negligible decrease in power efficiency.
How can solar energy lower your electricity bills?
The solar panels feature photovoltaic cells made of semi-conductive materials. When the sun ultraviolet rays shine on the solar panels, it stimulates the electrons in the cells and generates DC electricity. The DC electricity can be converted to AC electricity using an inverter so that you can run your electrical appliances. The solar power makes you self-reliant – you will be using solar power instead of the electricity from a power company.
Therefore, the solar power will offset your monthly electricity bill. If your monthly bills are high, you can benefit more when you switch to solar power systems. The amount you can save on your electricity bills will depend on the number of peak sun hours you can get and the orientation of your home towards the sun. In cities like Calgary and Edmonton, the peak sun hours are much more than other Canadian cities.
If you install solar panels in your home, you will be drawing energy from the sun. You can store the energy in batteries for use later when the sun is down. The solar power system has virtually no maintenance and they are installed to last for a long time, so you can save money for the future.
Financial returns are not the only benefit of going solar. When you install solar, you’re also saving the environment by decreasing greenhouse gas emissions. Thus, this is the best time to switch to renewable solar energy and reduce your electricity bills.