Over the past ten years, solar has moved from the highest-priced energy source on the planet to the lowest. It might have once seemed impossible that solar would cross the price threshold of coal, hydro or natural gas-generated electricity, but it became reality within just a few short years.
Technological innovation will continue to push solar energy costs lower still, while with traditional energy sources their prices continue to rise. As more and more municipalities across the province declare climate emergencies, it’s great to see them choose solar energy for their buildings. That’s definitely true for the Comox Valley Regional District’s new building downtown Courtenay, BC, where we installed bi-facial panels to reflect off the white roof.
“At current commercial BC Hydro rates, the CVRD expects to recoup $2,552 per year. With hydro rates increasing, the district will cover the cost of the panels and installation in the 14th year.
By the end of their 40-year lifespan, the solar panels are expected to have saved the CVRD about $172,022.”