photo: Welcome PEI
This month, efficiencyPEI launched its brand new Solar Electric Rebate Program, making solar energy more affordable than ever for homeowners, businesses, and farms on the Island. A solar energy system offers a great financial return and allows homeowners to save money on their electric bills in the long run, but the start up costs can be limiting. Thanks to the new programs available, however, Islanders now have the support they need to get started with solar.
At the moment, there are both rebate and financing programs available, and you can take advantage of both.
First let’s look at the Solar Electric Rebate Program.
Solar Electric Rebate Program
This program offers a rebate on new solar installations for both residential and commercial/farms. Funding for this program is set at $2 million, so it won’t last forever. If you have been considering solar energy, now is the time to act before funding runs out. Nova Scotia has been offering a similar program, and due to the huge demand it received, the rebate return had to be decreased after a few months. We don’t know how things will play out in PEI, but it’s worth noting that the current rebate rates may go down in the future before funding runs out.
The following rebates are currently available:
Incentive Levels (Residential):
$1,000 per installed kilowatt. Or $1.00/W
Not to exceed 40% total of installed costs.
Not to exceed $10,000 for residential installations.
Expansions to existing systems apply.
Minimum system size of 1kW
Off grid systems do not apply.
Incentive Levels (Commercial/Farms):
$350 per installed kilowatt.
Not to exceed 40% total of installed costs.
Not to exceed $10,000 for commercial/farm installations.
Please note that applications and approval must be complete before anything is installed.
Solar Financing Program
In addition to the new rebate program, financing options are also available on solar installations. This is a huge win for both homeowners and businesses because the start-up costs for solar installations are one of the main barriers for adoption. PEI’s solar financing program offers eligible applicants a repayable loan up to $25 000 towards 100% of invoiced costs. The loan has a fixed rate of 5% per year and is repayable over a period of 15 years.
The financial benefits of going solar
The return on investment of a solar energy system is huge and offers value in a number of different ways, both in the short term and the long term. First of all, your power bill goes down since you are generating most of your own energy via a free source (the sun!).
This is one of the best investments a homeowner can make- the average return is over 10% which beats any historical stock, mututal fund or bond.
Second, you’re protected from power bill hikes for the lifetime of your system (approximately 30 years). Overall, you’re estimated to save over $53 000 during the lifetime of your system.
And finally, a solar system adds value to your home and is estimated to increase the value by a minimum of the cost of the solar system and as much as 20%.
At Catalyst, we’re committed to supporting the adoption of solar energy throughout Atlantic Canada. One way we’re doing this is by offering free solar energy assessments for all residents.
Simply fill out our form, and we’ll get back to you within 48 hours with your customized solar report, which provides a cost estimate for your system.
Get your free solar assessment here!
In our last blog post, we talked about how renewable energy is rapidly changing the electrical wholesale landscape in Atlantic Canada. As we discussed, we’ve seen a recent boom in demand for renewables, particularly solar energy, and far from being a flash in the pan trend, this is set to become the new norm.
While solar energy has been available for decades, we’ve seen a recent increase in our part of the world thanks to new initiatives that are making the switch to solar energy more affordable for homeowners and community buildings.
In this post, we’re going to focus on the current initiatives available in Nova Scotia. If you’re a distributor or contractor, this is great information that you can pass on to potential customers who are considering the switch to solar.
Efficiency Nova Scotia’s SolarHomes Rebate Program
The introduction of Efficiency NS’s SolarHomes rebate program, which is available to homeowners throughout Nova Scotia, earlier this year was met with so much interest that they have already had to scale back to maintain funding. Despite the cutbacks, It continues to be a huge benefit for anyone interested in switching to solar.
The updated SolarHomes rebate offers $0.85/watt (down $0.15 from the original $1), up to 35% of the eligible system costs (excluding HST) or up to $8500, whichever is less.
To date, the program has almost tripled the number of net metering installs from the previous year. The program will be available until funding runs out (approximately 2000 homes), but the rebate will be scaled back incrementally in an effort to support as many houses as possible.
HRM’s Solar City Financing Program
Residents of HRM are also eligible for the city’s Solar City financing program. The program will pay for installation costs upfront at $0 down, and you’ll have 10 years to pay back the loan at 4.75% fixed interest.
Solar Electricity for Community Buildings
This program is a pilot project of the Department of Energy, which aims to support community buildings in making the switch to solar. Under the program, community buildings are able to generate electricity through their solar panels (up to 75kW of solar photovoltaic electricity) and sell it to their utility under a 20-year contract.
Applications for 2019 is set to open in June.
Nova Scotia Power’s Enhanced Net Metering Program
NSP’s Enhanced Net Metering Program provides protection for solar energy users during low energy production periods. Certain times of year (i.e. summer) are better than others for generating power, and the program balances out these surpluses and deficits. Residential and commercial properties will have a bi-directional electricity meter installed. When a system provides more energy than is required, it will flow into the grid for others to use. When it isn’t producing enough, it can pull energy from the grid.
Combined, these programs have made solar energy a viable option for homeowners and commercial buildings throughout Nova Scotia. The government’s commitment to these initiatives shows that Nova Scotia is ready to make a name for itself as a global player in the solar industry, and there has never been a better time for homeowners, building owners, contractors, and distributors to get on board.
If you’re not already, make sure to follow us on LinkedIn for more industry news and developments!
And for more information about any of these initiatives or any of the solar energy technologies we rep, give us a call at 902.452.3899 or email us at email@example.com
With some small exceptions, the electrical landscape has remained more or less the same over the last 50 years. Yes, there have been advances in technology and new product releases, but nothing truly groundbreaking has occurred, and both wholesalers and electrical contractors have been able to work with the same technology year after year.
Well, all that is rapidly changing as renewable energy has hit the scene. No longer a fringe technology for the wealthy elite, renewable energy sources have gone mainstream, and we’re at the point that both wholesalers and electrical contractors need to get on board or risk being seriously left behind.
A lucrative (and booming) business
The boom in renewables has seen a shift from traditional methods to a rapidly increasing demand for renewable products and installations. As we mentioned in our last post, government-backed programs and rebates are making the switch to solar energy easier and more affordable than ever in Atlantic Canada, and Nova Scotia’s SolarHomes program alone has created a massive jump in demand for installations. While photovoltaic installations are similar to other electrical work, they do still require separate training, so any contractor with this training is going to be in high demand.
Similarly, not all wholesalers have yet brought in solar technology, so those that do have a leg up in the game. Establishing yourself as a go-to source for renewable supplies will pay off both now and in the long run.
The electrification of everything
In order to meet our commitments to greenhouse gas reductions, the way we power our lives is changing. From powering our homes with solar, to running our communities on wind turbines, to driving electric cars, we are shifting into an era where our lives will be powered by the electrification of everything. Far from being a flash in the pan trend, this is fast becoming the new norm and our future will be one of almost complete electrification.
This new era will encompass a whole range of products and charging options, but in particular, manufacturers and contractors would be wise to focus on the following areas: solar energy systems (both residential and commercial), residential wiring and chargers for electrical cars, battery storage, and electric heating systems to replace traditional gas and oil fired systems.
How we can help
At Catalyst, we’ve made solar energy one of our top priorities for the year ahead and beyond. We believe passionately in the power of this industry both as a driver of our economy in Atlantic Canada and as a vital factor in protecting our environment.
If you’re a wholesaler who isn’t already carrying solar energy products or if you’ve seen the benefits and are ready to expand, now is the time. We carry a range of products from some of the top solar manufacturers on the product and can provide support and education on them for you and your entire team.
You can find our renewables line card here and more about the lines here.
Electrification affects a multitude of industries, including real estate, contracting, home building, and beyond. We offer free lunch and learns to share the ins and outs of the residential solar industry with your team- book one today by sending an email to us at firstname.lastname@example.org
To learn more about the product lines we carry and how we can help you and your business to take advantage of the electrification era, give us a call at 902.452.3899 or email us at email@example.com
In the last few years, solar energy has enjoyed significant growth throughout Atlantic Canada and is only expected to grow in popularity and adoption. It’s an exciting time to be a part of the solar movement, and at Catalyst Sales, we are making it easier than ever for electrical distributors and contractors to take part and benefit from it.
In addition to offering a full range of solar services, including custom proposals and designs, system quotations, site assessments, and more, we have also aligned with the top manufacturers for product and software in the solar industry.
The future is solar
There has never been a better time to enter the solar business, and there’s no end in sight for this thriving industry. A recent report put out by the Canadian Solar Industries Associate estimates that by 2030, Nova Scotia alone will support 1170 solar jobs. We’re fast approaching, if not at, the point where you either get in or get left behind.
What’s driving the solar energy boom? A number of factors, some of which we’ll dive into deeper in upcoming posts. But for now, we’ll highlight some of the main contributors.
- Efficiency Nova Scotia’s SolarHomes program, which offers a system rebate of $0.85 per watt.
- Halifax residents can also take advantage of HRM’s Solar City program, which offers financing on 100% of the system and install costs.
- The move towards electrification, which is seeing everything in our homes going electric, which will require a microgrid to support it.
- Our federal commitment to the environment. Canada has committed to a 30% reduction in our GHG emissions below our 2005 levels by 2030, and solar energy is a major factor in making this happen.
Keep reading to learn more about the products we rep and how they can benefit you and your customers.
One of the three biggest solar companies in the world by revenue, Canadian Solar is a global leading manufacturer of solar Photovoltaic Modules and a provider of solar energy solutions.
See more from Canadian Solar here.
photo: Canadian Solar
The industry-leader in grid-tied applications, Solar Edge provides smart inverters for every type of residential roof, DC optimizers, batteries and backup options, and a monitoring software that allows users to track their solar production.
See more from Solar Edge here.
Kinetic’s award-winning line of racking and mounting products are a favourite in the solar industry thanks to their innovative design, quality, and ease of installation. They offer a comprehensive range of rails, hardware, and mounts, including their own 100% watertight flashing system, K-Flash.
See more from Kinetic here.
IMO supplies control component technology including a range of market-leading TRUE DC solar isolators, AC Disconnect switches, a solar tracker and measurement controller, PV terminals, and a solar panel rapid shutdown solution. Their products have become a top choice for manufacturers and installers around the world thanks to their top quality and innovative technology.
See more from IMO here.
A division of Vynckier, Soltection offers a full line of rooftop PV transition boxes as well as traditional PV combiner boxes.
See more from Soltection here.
Service Wire Co.
The leader in Photovoltaic cable for DC cabling and bare copper for systems grounding.
See more about Service Wire here.
For more information on our solar technology and services, give us a call at 902.452.3899 or email us at firstname.lastname@example.org
Catalyst has partnered with the top brands in the solar industry. We offer single source solutions for the electrical distributor and electrical contractor.
- Custom Proposals and Designs
- Full Bill of Material Generation
- System Quotations
- Rebate Calculations
- Payback Calculations – Cash vs Financing
- Single Line Diagram
- Solar Production Report
- Site Assessment
- Lamacoid Label Package
Send us your customer’s address and a power bill. We will send you a custom proposal.
Our system produces the most advanced and accurate designs in the world.
Top Quality Partners
We’ve aligned with the top residential partners for product and software.
Hassle Free Rebates and Financing
Our packaged solution handles back end financing and rebate information.
Straightforward Payback Calculations
Each proposal shows calculations for both cash and financed purchases.