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Net metering in Ontario allows homeowners with solar energy systems to earn credits for excess energy generated and sent back to the grid, reducing their electricity bills. Solar panels generate energy, which is used to power the home, and any surplus is converted into credits for future use. This system helps lower reliance on the grid and offers financial benefits, especially during periods of lower solar generation.
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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?
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Brightworks Energy’s CEO, Bobby MacCannell, shares how Canada’s new Investment Tax Credit (ITC) is set to transform renewable energy investment by offering substantial tax incentives, making clean technology more affordable, accessible, and resilient, and empowering Canadians to drive forward a sustainable future.
When it comes to residential solar, many homeowners aim for a system that meets as close to 100% of their current power consumption as possible.