Excerpt
Are you maximizing your solar energy savings in Ontario? The new Ultra-Low Overnight Rate could be the key to enhancing your solar credits and lowering your energy costs. Curious how this new rate structure can impact your investment?
Deep Dive
Ontario’s new Ultra-Low Overnight Rate recently caught my attention, and it’s a game-changer for energy-conscious consumers.
Originally designed to help EV owners save on charging costs during off-peak hours, this new rate structure offers exceptionally low electricity prices overnight and significantly higher rates between 4 p.m. and 9 p.m. What’s more, these savings opportunities are available every single day of the year.
This new rate is poised to make a substantial impact on solar system owners across Ontario.
The best part? This ultra-low overnight rate is offered daily, providing extra savings 365 days a year!
Immediately, I recognized that this rate will have a significant impact on Ontario solar system owners.
Why It Matters for Solar Energy System Owners
This new rate structure presents a unique opportunity for solar energy system owners. By incorporating this rate into your solar setup, you can increase the amount of credit you receive during the peak hours of 4 p.m. to 9 p.m.
If you have a west-facing system, you’ll benefit significantly. During these peak hours, you can earn 28.6 cents per kilowatt-hour of solar energy generated, leading to a substantial increase in the return on your solar investment.
Particularly between May and August, west-facing systems can take advantage of the extended daylight hours, maximizing the energy generated during the peak rate period.
Optimizing Your Solar Setup
At Brightworks, we evaluate solar panel positioning for our clients to help them maximize this opportunity.
If your system is west-facing and your tilt angle is optimal, you’re in a prime position to benefit.
We also encourage our clients to adjust their consumption behavior. By being mindful of your energy usage during peak rate hours (4 p.m. to 9 p.m.) and reducing consumption during these times, you can further maximize your solar credits.
It’s definitely worth doing the math to see how this new rate structure can impact your overall energy costs and solar credits.
My Thoughts
Incorporating the Ultra-Low Overnight Rate is a big win for solar energy system owners in Ontario.
It’s a fantastic way to enhance the value of your solar investment by increasing the credits you earn for the energy you generate.
At Brightworks Energy, we’re always looking for ways to help you get more green for your green, and this is definitely something worth exploring.
If you have any questions or need assistance, feel free to reach out to our team. Let’s make the most of the sun’s power and drive the clean energy revolution forward!