The potential for solar energy is gigantic. If converting solar radiation into energy was easier and less costly, the world would never have any shortage of power. A 2019 Wilden Living Lab study showed that a solar system that was installed in 2017 still took approximately 15 years to pay back through energy generated and fed into the grid. With rising energy cost and lower production cost of the panels this number is expected to be lower today.
Our research team will share their findings on cost recovery of the solar system installed on the Next Generation Home.
Solar system installed on the Next Generation Home:
Turnkey 14.4 kW (DC) APSystems Micro Solar Electric System with maximum 13.5 kW (AC) output.
Solar Energy and Net Metering
Solar energy gathered on the roof can generate renewable energy for the home, charge batteries for storage, and be tied into FortisBC’s Net Metering Program. To feed the solar power you generated into the grid, you will use a meter that has two displays, one to show the kilowatt hours (kWh) delivered to your home and one to show the kilowatt hours of generated electricity FortisBC received from you. If you generate more electricity than you can use in one billing period, the excess is banked and can be used in a future billing period. The maximum allowable generating capacity is 50 kW. Almost all customers use more electricity than they generate.