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BC Hydro to offer rebates for solar panels & batteries

29 Jun 2024
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New Rebates for Solar Panels and Battery Energy Storage Systems

On June 27, the Government of B.C. announced the introduction of new rebates for customers interested in installing solar panels and battery energy storage systems. To qualify for these rebates, the equipment must be installed after the official launch of the program, meet all specified eligibility requirements, and be connected to the grid through the net metering program, which will soon be renamed the self-generation program.

"People in British Columbia who install rooftop solar panels will soon be able to apply for up to $10,000 in rebates from B.C. Hydro, the utility says." READ THE FULL ARTICLE HERE ON CBC.CA

Using Solar Energy in B.C.

Solar energy is an alternative and sustainable energy source that can be utilized to power homes and businesses in British Columbia. If you're considering installing a solar generation system, it's essential to understand the key considerations for using solar photovoltaic (PV) systems in B.C.

Getting Started: The Costs of Installing Solar Panels

The cost of installing a solar PV system for electricity generation has significantly decreased in recent years. With continuous technological advancements, today's more efficient systems provide a higher power output. Previously, it would take homeowners over 20 years to recoup their investment through the electrical load offset at average electricity rates. Currently, with an average cost of $2.50 per watt, the typical payback period for a homeowner is approximately 8-12 years in the Okanagan.

Overview of Solar PV Systems

Solar PV systems mainly consist of solar panels, inverters, breakers, and mounting equipment. Solar panels generate power by converting sunlight into direct current (DC) electricity. Inverters then convert the DC electricity into alternating current (AC) electricity for home use.

Power Generation of Solar PV Systems in B.C.

A typical residential solar PV installation in B.C. is around seven kilowatts (kW) in size, featuring 16 solar panels, and generates approximately 7,700 kWh of electricity annually. The average household consumes about 10,000 kWh per year, though this varies significantly based on factors like heating type, home size, and usage patterns. In the long term, consider the industry average lifespan of solar panels, which is about 25 years, with an efficiency degradation rate of approximately 0.5% per year. Comprehensive eligibility details and application information will be available upon the program's official launch later this summer. Stay tuned for more updates and opportunities to enhance your home's energy efficiency with these exciting new incentives. Login to your account on BC HYDRO to understand your home's electricity consumption and assess how a solar installation can support your energy needs.

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