Residential Solar "Invisible"
Short-term Investments
According to the Ontario Energy Board (OEB) Historical Electricity Rates page, energy prices as
of December 9, 2002, were 4.3 cents per kWh. On November 1, 2023, energy prices were as
follows: 8.7 cents per kWh during the off-peak price, 12.2 cents per kWh during the mid-peak price, and 18.2 cents per kWh for the on-peak price.
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This growth represents around 100% price growth for off-peak time, 184% for mid-peak hours,
and 323% for on-peak time. This price growth invests around 5% for off-peak time, 9.2% for
mid-peak time, and 16.15% a year over 20 years. In the scenario, your residence is consuming
33% of energy at each period of off-peak, mid-peak, and on-peak, the price growth in energy bills per year is averaged around 10.11%.
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Such a simple elevation comparison should bring us to the conclusion that it is worth investing in
the future into individual energy generation if you are looking to invest your free cash for long-
term investment or to borrow funds for solar, wind and hydro and the cost of borrowing is lower than 10% per year. The reinforcement of such a long-term investment decision should come from the fact that prices to produce and transmit energy in the province are significantly higher than those proposed to residential customers or out-of-province customers buying power from the province of Ontario. We believe, that inevitably, the province energy market regulator and the government will naturally be forced to raise prices at least to break even or higher than production and transmission costs, exposing residential consumers to more dynamic energy price growth.
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Please see the link below for the OEB webpage:
Residential Solar Short-term Investments
Our company has developed a spectrum of possibilities for residential customers to invest in various types of solar residential projects connected to the grid or complete off-grid solutions to allow energy independence for the long term and protect your household's savings, and planning decades ahead.
For off-grid solutions, we suggest the optimized number of solar panels installed connected to inverters able to manage energy flows to DC batteries storing energy generated during the day for off-light consumption and having standby generators or small residential wind turbines for the three darkest months a year with lightless days.
We have various options for solar grid solutions, including installing batteries that can be charged with solar energy and energy consumed from the grid during the off-peak period and the capability to sell energy back to the grid during on-peak hours. In addition, for energy security purposes, we can add standby generators.
The variety of components proposed for installation for off and on-grid solutions is comprehensive to allow residential consumers to only invest in the components necessary for the design of their projects, minimizing capital expenditures and maximizing long-term savings.
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