Solar Net Metering

Is Solar Net Metering right for my business?

Watch this fun, three-minute video to learn if solar net metering is a good fit for your Ontario-based business.

Solar net metering can generate a return of + 25%.

Tax savings combine with electricity cost savings.

Capital costs for a solar PV system can be written off in a single tax year. A solar PV system generates electricity savings for decades.

Here’s how it works.

A net-metered solar photovoltaic system produces electricity which you consume in your business.

Every KWh of solar electricity you generate is a KWh you don’t need to buy from the local utility.

We use the electricity grid as a ‘battery’ to store energy when you produce more solar electricity than you consume. Solar-generated electricity you feed to the grid is credited against your future consumption, and you pay the utility on a ‘net metered’ basis – your consumption from the grid less whatever you generate.

Because solar power is cheap, and because electricity from the grid is  expensive, solar net metering is an exciting investment opportunity.

A Superior Investment

Solar net metering can generate a return of + 25%.

Tax savings combine with electricity cost savings.

Capital costs for a solar PV system can be written off in a single tax year. A solar PV system generates electricity savings for decades.

Here’s how it works.

A net-metered solar photovoltaic system produces electricity which you consume in your business.

Every KWh of solar electricity you generate is a KWh you don’t need to buy from the local utility.

We use the electricity grid as a ‘battery’ to store energy when you produce more solar electricity than you consume. Solar-generated electricity you feed to the grid is credited against your future consumption, and you pay the utility on a ‘net metered’ basis – your consumption from the grid less whatever you generate.

Because solar power is cheap, and because electricity from the grid is  expensive, solar net metering is an exciting investment opportunity.

Add Smart Cool to Solar Net Metering

Commercial building owners can achieve superior returns by combining net metered solar with Smart Cool technology. This technology reduces the electricity consumption of the compressors in rooftop air handling units.

Alectric’s unique solution – Solar PV + Smart Cool takes maximum advantage of a suite of opportunities:

  • a change to the CRA tax code which allows the capital costs of a solar energy system to be written off against taxable income 100% during the first year
  • the savings generated by the solar PV system
  • the savings produced by Smart Cool technology

Both solar PV and Smart Cool lower your electricity consumption from the grid during peak consumption hours when electricity rates are highest.

This generates maximum savings.