Smart folks across Saskatchewan are figuring out how to use two SaskPower programs to get solar on their homes and businesses at no long-term cost.
SaskPower wants you to get solar – it takes pressure off their system and helps them get closer to their goal of producing power from 50% renewables by 2030.
So they are encouraging you to get solar with two main programs. And when you combine those two programs, your system ends up costing you…well…nothing.
Here’s how to do it:
1. Use SaskPower’s 20% system cost rebate to more than pay for your financing cost
SaskPower, Saskatoon Light & Power and City of Swift Current electricity customers are all eligible to receive a one-time rebate, equivalent to 20% of costs on a solar power system.
That’s the deal. So say you don’t have the cash for a system so you need to finance one (that’s most people). No problem.
That 20% rebate means on a system that costs $12,000, for example, you’ll get $2400 back!
That more than pays for any financing costs.
And don’t worry, friendly TruGreen Energy staff will help you with financing options and we do all the boring paperwork to ensure you get that 20% rebate.
Boom! Financing costs covered. But, of course, you’ll want to pay off that loan. Proceed to step 2.
2. Use massive savings in your power bill to consistently pay off the loan via SaskPower’s Net Metering Program
Most of our clients see their power bills cut in half or eliminated all together, consistently.
That’s because TruGreen Energy is a SaskPower Energy Efficiency Partner and our systems are tied to the grid using SaskPower’s Net Metering Program.
When your system produces more power than you consume (typical from April-September), it goes back into the SaskPower grid and you get credit for that!
So in the winter months when power production is lower, you can use those credits to keep that bill very low.
Let’s say your power bill is roughly $130 per month right now, but after installing solar that bill is more like $30. Why not use that $100 saved each month to pay off the loan?
That’s $1200 each year in loan payments and over 10 years your $12,000 system is paid fully from cash saved on your power bill. That’s pretty cool.
And then after that, you get your power for very cheap or free while everyone else is taking rate hikes.
All in all, you get a system that pays for itself with the following benefits:
- Becoming immune to power rate hikes
- Cutting your power bill in half or eliminating it altogether
- Increasing the value of your home
- Going green. Emissions = ZERO
It’s no wonder so many people are now getting solar.
More questions? Check out our Top 10 Solar Questions blog.
OR GIVE US A CALL AT 1- 833-TGSOLAR OR 1-833-847-6527.
– Your friends at TruGreen Energy