The savings from solar depend on factors like system size, energy usage, rates, and net metering credits. However, here’s a general breakdown of what homeowners in BC can expect:
1️⃣ Monthly Energy Savings
A typical 6-10 kW solar system can reduce electricity bills by 50% or more, depending on usage. For a homeowner spending $150/month on electricity, that’s a savings of $900 to $1,800 per year.
2️⃣ Long-Term Savings
Since solar panels last 25+ years, total lifetime savings can exceed $40,000 to $60,000—and that’s before factoring in rising electricity costs.
3️⃣ Protection from Rising Hydro Rates
BC Hydro & Fortis BC have increased their rates every year by 3-7%. By going solar, you lock in your energy costs and avoid expensive rate hikes.
4️⃣ Net Metering: Get Paid for Extra Energy
With BC’s net metering program, any extra power you generate goes back to the grid, earning you credits to offset future bills. This means you can eliminate most or all of your electricity costs over time.
5️⃣ Higher Home Value = Even More Savings
Studies show homes with solar sell faster and at a premium—increasing resale value by 3-5%. That’s an extra $15,000-$25,000 on a $500K home.
The Bottom Line
Solar isn’t just about saving on energy—it’s a long-term investment in financial stability. Over the next 25 years, solar can put tens of thousands of dollars back in your pocket.
Check out our website https://integratedsolarsolutionsbc.com to learn more about how solar can save you money.
