Nova Scotia is the best province in the country when it comes to financial factors because of low up-front costs and PACE financing options. This is opposed to many neighbouring provinces like PEI and New Brunswick where the utility covers the cost of a new meter. Nova Scotia’s Enhanced Net Metering Program charges you approximately $250 for a bi-directional meter when you connect to the grid (if you don’t already have one). It allows for systems up to 100kW in size to be connected to the grid and credits can be carried forward month-to-month.Īdditionally, if you have excess credits at the end of the year, you will get a cash payment for them! The only catch is that you’re not allowed to purposely oversize your system – it has to match your previous consumption history. Nova Scotia’s Enhanced Net Metering Program falls in the “good” category for net metering policies. Bad net metering policy allows you to earn only partial credits for excess energy and credits can’t be carried forward month-to-month.
#Ev nova guide full
Good net metering policy allows you to earn full credits for your excess energy which can be carried month-to-month. It’s common to produce excess energy during the day and summer but not enough at night and during the winter – so this policy is important! Net Metering essentially means that you earn credits for the excess energy that you produce, which can then be used at a later time. Net Metering is one of the most important policy mechanisms that makes solar a feasible energy generation option. This means a CCA rate of 100% and the abolishment of the first year rule. Go back to the Common Solar Questions section if you’re not sure where these numbers are coming from!īusinesses can now use the Federal Tax Provision for Clean Energy Equipment to fully expense their solar system. Thus, the cost of a 9.17kW system would decrease from $23,384 to $17,882. Here is what the savings would look like for a 9.17kW system: This program allows property owners to earn a cash rebate of $0.60/watt for residential solar power installations with a minimum size of 1kW and up to a maximum rebate amount of $6,000. The primary solar incentive in Nova Scotia is the SolarHomes Program administered by Efficiency Nova Scotia. Rebate applications, including all paperwork, should be handled entirely by your installation company. This includes the stipulation that the system must be installed by an Efficiency Nova Scotia qualified installer with CSA approved electric equipment. Finally, rebates in Nova Scotia must meet certain installation qualifications. In general, eligible expenses include the full cost of materials and installation, but not tax. Rebates have a maximum funding amount that is based on a percentage of total eligible expenses. Jump back up to the System Sizing section if you don’t understand what this means. Rebates in the province are awarded based on the size of the system you install, in units of watts. We’ve scored Nova Scotia 9/20 for this section. These factors are important because they reduce the upfront system costs. Nova Scotia is one of only two provinces with an unrestricted province-wide solar energy incentive. Rural property owners put systems on the roof of their house or shop – or on the ground in their yard. Most residential homeowners in Nova Scotia put solar panels on their roof.
Thus, these systems are more efficient and have better lifetime IRRs and NPVs.They are more efficiency because they can be easily placed to the optimal direction (south), the optimal angle (~45°), and to avoid shading.
These systems are more expensive upfront due to piling, mounting, and trenching requirements.If you’re putting solar panels on the ground, you should know that: You may need to replace your shingles (or entire roof) before installing – because panels are guaranteed for 25 years!.A south facing roof is best, east and west facing are good, but north is not great.If you’re putting solar panels on your roof, you should know that:
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You would do the above calculation and determine that you need 550sqft of space to install your system! Let’s continue from the previous section and assume that you need a 9.17kW system. (average size of panel = 0.3kW, average physical panel size = 18sqft) Physical space required = size of system needed (in kW) / size of panel (in kW) * physical size of panel (in sqft) The equation to calculate the space that your solar system require is again simple:
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