When multi- residential building gets old maintenance cost starts getting rise and the owner of the property increasingly faced the challenges of keeping such costs down while keeping all the expectations in view. The one most powerful way to reduce the energy cost while making it more environment friendly is to switch to solar power generation. But there are certain pros and cons associated with this sort of power source.
FIT incentive program of Ontario has received much attention as the first comprehensive and guaranteed pricing structure for the renewable energy production of North America. This program used to offer stable prices under the long- term contracts for the energy generated from the renewable energy sources like:
• Water
• Biomass
• Solar PV
• Biogas
• Landfill gas
• Wind
There are several powerful reasons for considering the solar power and equally some compelling reasons to be alert of the potential negative. Though the list of cons outweighs the list of pros yet the weight of each pro is greater than each con, especially in the light of skyrocketing energy costs.
Some pros of solar panels:
As the most important benefit you can get a 20 years income generation and absolutely full payment of your investment in the first half of your contract term.
Moreover the electricity prices have gone much increased. In Ontario the electricity costs has increased 63.3 % over the last 5 years. As the electricity price are unlikely to take a U- turn it is a positive consideration to move to other source of energy.
Low maintenance and no moving parts make the solar PV system reliable as well as long lasting. There are some PV systems that are still in working condition even after 40 years. In addition, solar panels Ontario acts as a kind of quasi- second roof that may possibly increase the lifespan of the roof.
It is encouraging that the management is making a direct and a personal contribution to clean sustainable solar energy for community and the whole world by utilizing the solar panels.
It is to remember that the solar generated electricity cannot be stored. But there is probability that after 20 years, on- site storable energy will transform the solar generated electricity business model.
Some cons of solar panels:
If the residents are paying their own electricity prices, the business case for the solar panels becomes even lesser attractive for just “common area” lighting and heating cost. The residents will complain to the landlord as the electricity should be included in the rent.
Lifespan of the solar panels Ontario in the extreme weather conditions is not yet understood. Moreover the 20 year warranty is absolutely meaningless in case the company is gone in 5 years.
Find more information relating to solar panels, and Ontario solar panels here.
Media Contact:
BendyGo Inc.
bendygo.com
10 Newkirk Rd #21 Richmond Hill,
ON L4C 5S3
Greater Toronto Area,
Ontario, Canada
Toll-Free Number: 1-866- 617-8940 , 1-905-695-5461
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