OREC, Hovey Industries, Ottawa, On
Solar For Your Business
The price of electricity has doubled in less than 8 years impeding the growth and profitability of some businesses. Solar has been helping businesses globally reduce the cost of electrical bills and can be depreciated in Canada as a Capital Cost Allowance on your taxes.
Solar has become the least cost energy source globally that has lead to massive adoption. In 8 years solar has dropped to 1/3 of the costs it was largely because of lower solar panel prices and inverter costs.
With proper maintenance, solar is expected to last the lifetime of your building. Solar panels have 25 year performance warranties and produce free electricity for decades. If your company owns its building, wants to protect itself from escalating energy prices and can accept a longer payback, solar is a great option.
We can help you significantly lower your energy bill, protect yourself from future rate increases and help you attain a greener footprint in the community. Scroll down to learn more.
Which type of solar program is right for your business depends on your objectives. Most large businesses have lower rates than other rate groups and solar can have a little longer ROI (12-15 years for a flat roof).
- Reducing your electrical bill – Net Metering < 10 kW
- Generating your own power – Net Metering > 10 kW
See the table below to see which is right for you:
Ottawa Fastener Systems, Ottawa, On
Net Metering is the production of solar electricity from your business, exporting your excess power onto the grid as a credit and using that credit later at night or in the winter.
As the de facto replacement for the microFIT and FIT program, Net Metering was originally legislated in Ontario in 2006 and is being updated in 2017. The Net Metering Act (Ontario Regulation 541/05 ) states that you can produce your own energy up to but not exceeding the energy you utilize in an 11 month period or you forfeit your credit. (The act is changing in 2017 to a 12 month rolling credit.)
Net Metering is simple. We install the solar and connect the power directly into your building. When the sun is shining you use the solar power first before using power from the grid. If the solar is not bright enough you will use power both from solar and the grid. When there is more solar than load in the business you export power to the grid as a credit.
During the day you export excess power for use at night, and in the summer you export excess power for use in the winter.
In the end, if your load is not too large you could have virtually no power bill excepting the usual customer charges, load meter fee, regulatory costs and the fixed part of delivery charges. It is great having a low power bill while having the reliability and instantaneous power capability of the grid.
iSolara Solar Power is the largest Net Meter installer in Eastern Ontario and we have a very solid process to deliver that out. We take one year of your power bills, check your hydro capacity, calculate your annual use, design a system to displace it (or as much as possible) and then provide you a proposal that details what your savings are. Once installed your power bills will be more or less under control.
Climate Action Incentive Fund
The Climate Action Incentive Fund is currently available for Small to Medium Enterprises to do commercial net metering solar packages with the incentive helping with up to 25% of the cost ($250,000 per single entity).
There is an application process where no spending is rebated for any work done prior to the project being approved. From past experience, those groups that participate early receive more benefit from these programs . Let us help you determine if this program is right for you while the funding is available.
Leeds Transit, Elgin, On
The latest trend for large companies looking to control their power bills is using solar and generators for load displacement.
Large power users (>50 kW peak power) pay delivery charges based on the size of line that hydro utility needs to maintain to deliver that power to the business.
When you consider that there is often just ten days a year that require the most power in a building, a system that reduces those ten days and delivers out savings year round can be extremely valuable.
We can calculate the opportunity for energy savings but this requires us to perform an Engineering Study to optimize the system design and there is a small charge for the time and effort to design an appropriate system and forecast the savings.