Net Metering Program
Commit to clean energy
Join thousands of Ontarians who contribute to a cleaner environment through net metering program.
As part of the Ontario government’s efforts to increase renewable energy in the province. The net metering program provides homeowners and other eligible participants with the opportunity to optimize solar energy on their rooftops.
From start to finish, a typical solar installation takes six to nine months and Panasonic handles the entire process – from application to installation – with skill and professionalism.
If you would like to learn about net metering program, other solar + energy storage solutions, or would like a free quote, contact us today.
SPIN BACK THE METER WITH SOLAR POWER
Panasonic designs and installs net metering systems that allow you to use the electricity from the solar panel system to reduce or eliminate your dependence on the utility company. The results? Considerable long-term savings on your electricity bills. What you need to know:
It’s efficient – Net metering allows you to use all the electricity that your solar panels produce, so you can operate your home on solar energy and be virtually independent from the utility company. If you still require service from the utility company, your hydro bill is significantly reduced.
It’s budget-friendly – Whatever power you do not use can be sold back to the grid/utility company at the going market rate.
It’s unlimited – The maximum amount of energy you can generate is based on the maximum number of panels your roof can hold.
Top five advantages of net metering
1. Financial credit for extra solar power produced — You receive a credit for your excess solar power at the utility’s going electricity rate. When there is not enough electricity from the sun, the utility company supplies your electrical needs. That means you pay only for the difference between the power supplied by the utility, and the power produced by the solar panels.
2. Optional battery storage system for extra savings — With net metering, the utility company allows you to have a home battery for backup which “stores” your extra solar power for times of blackouts or when rates are high.
3. Clean energy & back up power — Generators are expensive, noisy and need fuel (gasoline, diesel, natural gas or propane). If your home has solar panels or a home battery, you can continue to power your home or cottage when the grid is not available.
4. Seasonal storage — solar power produced in summer saves on winter costs – In summer months, your solar system will likely produce more electricity than your home can use and that excess energy will generate credits against your utility bill that you can use over the next 12 months. During winter months, when production can be lower, you can access credits from your account to lower costs. With net metering, you feed solar electricity back over the summer and get credited for it in the winter. Typically, extra solar power that you produce can be banked for up to a year.
5. No Maintenance: Solar Power without Hassles — A grid-tied net metering system is constructed with durable components, giving you the ability to produce your own clean renewable energy without maintenance hassles.
Home Energy Loan Program (HELP)
Through the City of Toronto's Home Energy Loan Program (HELP), you can get a low-interest loan to cover the cost of a new high-efficiency furnace, new windows, doors, insulation and more. And if you want to go the extra mile, the loan can also cover the cost of solar rooftop panels, solar hot water heaters, and geothermal heating and cooling!
The great thing about Toronto's Home Energy Loan Program, is that at the same time that you make your home more comfortable and reduce your energy bills, you'll also be reducing the emissions that contribute to climate change.
Low-interest rates and great terms
In addition to offering low-interest rates (starting at 2%), and repayment terms of up to 15 years, you can repay the loan at any time without penalty. And if you sell your home and don't want to pay off the loan, the new homeowner can assume the payments. Sound too good to be true? It's not!
SAVE ENERGY, MONEY AND MORE!
You can get a loan of up to $75,000 for your improvements. The process begins with an easy online application. The HELP team will then connect you with a Registered Energy Advisor, help you access the incentives provided by the utility companies, and do what they can to make the process smooth and seamless.
Here’s what one HELP participant had to say about their experience retrofitting their Scarborough home:
"We wanted to make our home more energy efficient and HELP was a fit for our needs. The renovations would add value to our property. It was an easy experience for us and we are very appreciative!"
The City's HELP team is available to support you throughout the process. Ready to get started? Have a few questions? We'd love to hear from you.