Solar – A Stable & Secure Investment
In recent years, solar energy has taken the world by storm as a reliable and sustainable source of power. Not only does it offer environmental benefits, but it has also emerged as a stable and secure investment option for individuals, businesses, and governments alike. In this blog, we will explore the reasons why solar energy is considered a stable and secure investment.
Renewable and Inexhaustible Energy Source
One of the primary reasons why solar energy is a stable investment is its renewable nature. Unlike finite fossil fuels, solar power relies on the sun, which is an inexhaustible energy source. As long as the sun continues to shine, we can harness its energy. This inherent sustainability ensures a long-term, secure investment in solar energy projects.
Increase your property value
The CREA states that A standard detached home’s price in Ontario averages to $1.35mm. A 4% increase is $54,000 which is more than the price of a 10 kW system! It is a guaranteed investment that you control through your home instead of risking your savings in the volatile stock market
Solar is a great way to increase one of your biggest investments, your home. According to the National Renewable Energy Laboratory, every dollar that a solar panel saves you on your electrical bills increases the value of your home. And according to Zillow, homes with solar panels sell for four percent higher than those without them.
Own your energy instead of renting it!
Electricity is now an absolute necessity for everyday life. Why pay the power company when you can pay yourself instead?
According to the Ontario Energy Board, the average price increase for electricity in Ontario is 6%. The average home in Ontario uses 10,000 kWh of electricity each year. Here is a breakdown of costs for a home with solar, and a home using only the grid.
In our 10 kW example, factoring in the escalation rate of electricity and hydro connection fees, our homeowner has made an additional $46,600 from their initial investment! That’s an 84% increase over the warrantied period of the equipment. Solar panels continue to produce energy past the 25-year warranty, so the return here is quite conservative as your panels will last 30-40 years.
Take advantage of Government Rebates & 0% Loans
For a limited time, eligible homeowners can take advantage of the Government of Canada’s Greener Homes Initiative to offset the investment capital required to go solar.
The Greener Homes Loan offers up to $40,000 at 0% interest over 10 years to finance your CMI Solar system, making solar more affordable than ever.
Plus eligible homeowners can receive a rebate up to $5,000 towards your system cost, and up to $600 to offset the cost of home energy evaluations.
Power your EV for free
The federal government has mandated that all vehicles purchase by 2035 must be electric. When you do purchase your EV, you will need to charge your vehicle. With solar, you can charge your EV for free with the power of the sun!
GasBuddy.com estimates that the annual cost of fuel in Ontario is $2,098. That’s over $52,450 over the 25 years! Quite the savings on fuel if you power your vehicle with solar.
Total investment summary
- Solar savings = $46,600
- Property value increase = $54,000
- Gas savings = $52,450
Total investment return potential
By going solar, not only are you saving the planet, but your investment return could be over $150,000! Schedule a 5-minute call with our Solar Advisors today and take advantage of this safe, secure and affordable investment.
To discover your homes potential, speak with one of our solar advisors today. It takes 10-15 minutes and a recent energy bill to understand your recent usage. Curious about the cost? Read this blog on the Cost of Going Solar and Understanding Solar Incentives and Rebates in Ontario, and Solar – A Stable and Secure Investment.
We handle the warranty, permits, inspection, grid connection and installation. We only provide the best in equipment ensuring you a better long-term performing system.
“Significantly reduce your reliance on the grid, and keep your money where it belongs, in your pocket.”
– CMI Solar