Thank you for Subscribing to Utilities Business Review Weekly Brief
Polaron has been recognized by Utilities Business Review Magazine as the exclusive recipient of “Top 10 Utlities Solar Energy Services Companies in Canada -2023,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the Utilities Business Review research and editorial team based on insights from an interview with Linda Li - Social & Content Director.
Linda Li - Social & Content DirectorThe shift toward green energy is on the rise as the world continues its fight against climate change. Solar has been steadily rising as one of the world’s most reliable renewable energy sources, with both commercial and residential projects seeing significant boosts within the last few years.
Despite this, there’s still a lot of noise surrounding solar energy, particularly around its price point, longevity and practicality in certain climates. As the top residential solar installer in Canada, we firmly believe solar is one of the best investments homeowners can make for themselves and the planet.
Solar Helps Homeowners Save
One of the most talked about roadblocks for solar is the hefty price tag associated with an installation. In recent years, these numbers have improved due to more consistent solar markets allowing for competition to grow and improve over time. In addition the cost of power has been increasing dramatically over the years making solar projects more viable in the eyes of the homeowner.
Installing solar panels is one of the best ways for Canadians to make a difference for the environment. That’s why it was important for us to come up with a low-interest financing solution that removes the initial financial hurdles of installing a solar PV system. By financing a system, homeowners can lock in their expenses and avoid inevitable electricity rate increases in the foreseeable future. With the right roof and setup, payments can be even lower than what some homeowners are paying for their current power bills.
Solar in Winter
There are some popular misconceptions about the viability of solar energy in Canada and colder climates in general due to variable weather conditions. Most residential solar systems are grid-tied, allowing homeowners to enter into a mutually beneficial net metering program with their utility company. Through net metering, homeowners can still use the energy their panels produce for their homes first while sending excess energy to the grid in exchange for credits. These credits can be built up and used against future power bills.
Solar systems are designed based on each household’s unique usage history to ensure the system can provide enough energy for the house annually. It’s natural to accumulate credits during the spring and summer months when the solar panels are generating more energy than the household needs. Credits can be accumulated and used to offset the energy you’re drawing from the grid during the winter when production is slower.
Although solar production is at its lowest during winter, the panels will still generate energy. Using the right equipment can enhance efficiency during foggy, rainy or snowy days. Monocrystalline panels with PREC technology are known to boost performance in low-light climates. Micro-inverters can also be paired with monocrystalline panels to optimize efficiency by limiting downtime due to obstructions.
Solar is Built to Last
Solar panels are one of the safest and most reliable long-term investments due to their long lifespan. Most solar panels come with a 25-year performance warranty, promising that the equipment continues producing at a high level throughout its lifespan. It’s common for panels to outlast the warranty period and continue working adequately for up to 30 or even 40 years without having to be replaced.
Powering Canada With Solar Energy
Solar energy can be a huge contributing factor toward protecting the environment for future generations. Canada has a goal of reaching net zero emissions by 2050, and solar energy can help make that a reality. An average 10 KW system reduces CO2 emissions by 11,000lb per year
We’re seeing these misconceptions die down as more people continue to see the real-life applications and benefits of solar. With over 8,000 installations across Canada, there is growing hope that the world will continue to warm up to solar.
Thank you for Subscribing to Utilities Business Review Weekly Brief
