Developers, builders, and solar

Power Up has recently established a relationship with yet another developer who's taken his interest in solar VERy seriously. He's gone beyond offering solar as an option, but has built it into the prices of the 22 homes on a newly developed street in royal bay (Greater victoria BC NEIGHBOURHOOD).

This is just the beginning! Solar costs have fallen enough that seeing solar as an added feature on new homes is easily justified by the builder. Here in Bc, we are given no choices from whom we buy our power. whether their rates are competitive to other provinces or not, everybody appreciates having choice. Solar is the cleanest and most cost effective choice to part with the inevitable winter BC hydro bills. Our favourite part? BC Hydro is required to provide the net metering program whereby excess power produced from even the smallest solar arrays can be sold back to bc hydro for a credit of 9.99 cents/kwh. 

more commonly, developers offer solar as an upgrade option to new home buyers. Saanich ridge, for example, has given power up confirmation on four systems opting in to the solar option and construction hasn't even begun yet! For these clients, the additional cost of financing for adding solar to their house is going to average out to be about the same as the savings that the panels will provide for them. Meaning, starting in year one, the cost of the solar is completely offset. There are three huge wins for those who choose the solar upgrade in this development: (1.) - as bc hydro prices increase, the savings from the solar will increase and very soon the savings will surpass the cost of financing. (2.) - on top of lowering the OPERATING cost of the home, they've also increased its value for resale. (3.) solar electricity is one of the cleanest and most sustainable source of power in the world!

Developers and buildings alike are slowly becoming aware of the added value to their business and environment by talking about solar. We're excited to bring you more updates on solar for royal bay, saanich  ridge, and others. 

      by: Keenan Ebanks

EnergySage. (2018, May 22). Do Solar Panels Increase Property Value? | EnergySage . Retrieved July 06, 2018, from https://news.energysage.com/home-solar-power-increase-property-values-across-us/
Generating your own electricity. (n.d.). Retrieved July 06, 2018, from https://www.bchydro.com/work-with-us/selling-clean-energy/net-metering.html?WT.mc_id=rd_netmetering
Saanich Ridge Estates – Closer To Life. (n.d.). Retrieved July 06, 2018, from http://saanichridge.ca/