In the early days of 2013, David Bowes was considering investment options that would deliver higher returns than what he was currently getting.
On a road trip, David was struck by how many buildings had roof-mounted solar panels and he wanted to look into how he might benefit (financially) from participating in the FIT program whereby he would install a network of solar panels on the south facing roof of the commercial building he owned and sell the power created back to OPA.
David was in contact with Solar Heats Water, a division of Beach1 Electric in Collingwood, who performed a feasibility study to assess the characteristics of his proposed solar energy collection site and propose a system to Bowes.
Solar Heats Water ensured that the roof was going to be structurally capable of taking the load of the panels and also looked after helping David with completing the necessary forms to submit for eligibility on the terms of the FIT program. This program was going to pay Bowes for the power his system returned to the power grid. This was going to become the investment option that would yield a significantly better return on Bowes’ money than anything else. His contract for selling this ‘free’ power was set to run for 20 years. Bowes expects the system to deliver a very favorable return and his full payback is expected in 6-7 years.
Should Bowes decide to sell his commercial property, he has several options regarding the solar panel installation on his roof. One is to sell this ‘investment package’ with the building and another is to keep the ‘investment package’ separate from the sale of the building and continue to receive payment for energy supplied to the grid.
Bowes can monitor the system via an internet connection and the system is also monitored by Solar Heats Water to make sure that everything is operating properly. This system is virtually maintenance free and as of the writing of this article, there has not been a single issue with the system that has needed to be addressed.
In conclusion, the solar panel system was easy to install and runs without any servicing. The investment payback was easily justified and the return that Bowes is getting to date is better than he was expecting. The return Bowes receives is 121% off projected.
Solar Heats Water would be pleased to talk with you about how a solar power system might work for you. David Bowes would be pleased to share information about his experience with you, too. Call us to arrange a consultation about the benefits of solar power for your business or home.
On a road trip, David was struck by how many buildings had roof-mounted solar panels and he wanted to look into how he might benefit (financially) from participating in the FIT program whereby he would install a network of solar panels on the south facing roof of the commercial building he owned and sell the power created back to OPA.
David was in contact with Solar Heats Water, a division of Beach1 Electric in Collingwood, who performed a feasibility study to assess the characteristics of his proposed solar energy collection site and propose a system to Bowes.
Solar Heats Water ensured that the roof was going to be structurally capable of taking the load of the panels and also looked after helping David with completing the necessary forms to submit for eligibility on the terms of the FIT program. This program was going to pay Bowes for the power his system returned to the power grid. This was going to become the investment option that would yield a significantly better return on Bowes’ money than anything else. His contract for selling this ‘free’ power was set to run for 20 years. Bowes expects the system to deliver a very favorable return and his full payback is expected in 6-7 years.
Should Bowes decide to sell his commercial property, he has several options regarding the solar panel installation on his roof. One is to sell this ‘investment package’ with the building and another is to keep the ‘investment package’ separate from the sale of the building and continue to receive payment for energy supplied to the grid.
Bowes can monitor the system via an internet connection and the system is also monitored by Solar Heats Water to make sure that everything is operating properly. This system is virtually maintenance free and as of the writing of this article, there has not been a single issue with the system that has needed to be addressed.
In conclusion, the solar panel system was easy to install and runs without any servicing. The investment payback was easily justified and the return that Bowes is getting to date is better than he was expecting. The return Bowes receives is 121% off projected.
Solar Heats Water would be pleased to talk with you about how a solar power system might work for you. David Bowes would be pleased to share information about his experience with you, too. Call us to arrange a consultation about the benefits of solar power for your business or home.
RSS Feed
