Solar Electric (PV).

With free energy from the sun falling on us every day, secure your cost of energy for years to come with solar PV.

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Harness the Power of the Sun

Solar Electric (PV)

Free energy from the sun… Sounds good to us too! These systems are truly affordable and hassle-free. There are no moving parts and is very little maintenance associated with solar PV. We carry a wide range of brands and can accommodate any size project from grid-tied to off-grid systems, rooftop to ground-mounted. With a 25 year warranty on the panels, our solar PV systems are reliable investments with reasonable paybacks and substantial savings over the panel warranty and project lifetime, especially as the panels have a 40 year expected lifespan.

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About Solar Island Electric

Learn about Solar Island Electric, an innovative company whereby investments are eligible for 35% provincial tax credits and are RRSP eligible.

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What Size System Do I Need?

Use our Solar PV System Sizing Tool to estimate the size you would need to offset some or all of the energy charges from your residential electricity bill.

Live Solar PV Power Output Readings

Watch a PV system perform live! Data is logged in five minute intervals. Previous days, months, and years data is archived and available to track how much power you generate over time. Data logging is available by request on any systems installed. The system shown is a 14.82 kW system located in Summerside, PE. For a detailed, interactive graph with a table of output values, visit the PV Output profile page.

Please note - data is not logged for all of the days at this particular site. In the future we plan to feature data from other PV systems that do utilize our more advanced data monitoring equipment.

Investing In Solar

Is installing solar on PEI a wise investment? Here are some points to consider.

Potential returns

Details Standard Investment: 1    Solar Investment: 1

The price of energy tends to be higher during periods of economic growth. In a general sense this means the value of the solar system is higher when the stock markets are doing well because it is offsetting more expense per unit of energy produced (a higher cost per kWh). So when stock investments are doing well so is the solar investment, generally speaking. Solar is a valuable asset when the markets are booming.

Potential Losses

Details Standard Investment: -1    Solar Investment: 1

When the price of energy is down the stock markets tend to move down (due to the lack of economic activity, etc.) Stock investments move to a loss position while the solar investment continues to deliver value by providing free energy during a time of potentially reduced or even lost income sources. Solar insulates you against loss of income, such as when stock investments are wiped out. Solar is a valuable asset when the markets are a bust.

Tax savings

Details Standard Investment: 1    Solar Investment: 3

It should be noted that solar electric systems save you after tax dollars while income from investments are generally taxed. What this means is while a particular homeowner may save $1000 in a given year with a solar electric system they would have had to make $1538.46, assuming a 35% tax rate, to pay the original bill….and then pay HST on the bill bringing the total gross income stream that had to be dedicated to paying the utility bill to $1678.46. One more point for solar.

This effect makes it a massive boon to retirement planning as it means you can either contribute more towards your retirement over the next twenty years (through reduced bills) or you will need far less in retirement savings and you can actually plan with more confidence since you are no longer tied to the fluctuating price of energy. Another point for solar.

RRSP’s and TFSA’s offer a tax haven deferring taxable income until a later year. Point for standard. Through Solar Island RRSP’s can be invested into the solar electric installations on PEI and qualify you for a 35% provincial tax credit. Point for solar.

Environmental Impact

Details Standard Investment: ½    Solar Investment: 1

Standard investments in major indexes and mutual funds tend to end up in the hands of large multinational corporations and the large oil players. Your investment dollars can end up helping the fracking industry, or the oil sands development, or any other number of environmentally damaging practices performed by companies driven primarily by profit. Solar on your own home has the added benefit of giving you peace of mind, knowing where your hard earned money ends up… on your roof delivering financial benefits with green energy that reduces your ecological footprint. It should be noted there are RRSP portfolios that promise investments in ecologically sustainable sources.

Security

Details Standard Investment 0    Solar Investment: 1

Standard investments can and frequently do end up strengthening other countries' infrastructures while doing little to aid our own country. Solar on your roof not only provides you with valuable financial returns but it also helps build the nation's energy infrastructure and supports the local independence of your community. The Point Lepreau Lepreau Nuclear Generating Station is a great example of how subjective we as a province are to outside forces in our energy supply. Studies show nuclear is most prone to delays and cost overrun, and costs have increased over the decades while solar projects have are the least risk investments in electricity generation, on time and on budget, plus costs have dropped precipitously such that it is an economical solution across PEI and the Maritimes.

Support Local

Details Standard Investment: 0    Solar Investment: 2

With a standard investment your dollars are almost guaranteed to end up off our Island bringing limited if any benefit to our local economy. When you install solar you should be supporting a local business in an emerging field. Renewable Lifestyles for example employs 6+ employees and would like to double this number over the next year. Holland College has a course (Energy Systems Engineering Technology) that trains locals in the renewable energy field and smart energy choices. Going solar, you investment the the workforce of the future and allow skilled Prince Edward Islanders a chance to earn a good living while working locally instead of commuting thousands of kilometers by plane to work the oil sands in Alberta or Saskatchewan, or moving away entirely. Going solar supports the province's strategic direction to maintain a vibrant workforce and stable population long term against the backdrop of aging demographics.

Grid Efficiency

Details Standard Investment: 0    Solar Investment: 2

The solar system always delivers energy during the day, and this can be particularly beneficial when “Time of Day” usage policies are in effect (as they are in many jurisdictions and may very well be in our Islands’ future). Daytime is when demand peaks on the grid and so it is when the most backup generators must be started to address the demand, these generators are expensive (and dirty) to run. Solar electric systems can deliver energy that will reliably reduce the need for these generators to be used.

A solar electric system delivers energy directly to the site it is installed at and if there is excess generation the power goes through the grid to the neighboring sites. This greatly reduces any losses due to transmission and works to save the utility from having to run generators simply to have enough “push” to overcome losses in the lines.

General Feeling of Wellness

Details Standard Investment: 0    Solar Investment: 3

The feeling of knowing when the sun shines that you are generating free, clean energy that will benefit generations to come makes the sun feel that much warmer…in a good way, not in a global warming way.

Rooftop solar has no negative land use impacts! Even wind cannot make that claim, although wind and ground-mounted solar require little land. The roofs are there already just waiting for someone to make use of them.

If there is a widespread adoption of distributed solar energy on PEI we will be able to harness the ever growing force of ecotourism. If travelers visit us and are inspired by the rate of adoption of solar they will spread the word, attracting their friends/coworkers/etc. to the Island; some may also be motivated to affect positive change when they return home.

The stress of not knowing how standard investments will perform and the time invested in monitoring those investments can be better spent enjoying the sunshine.

So How Do Things Add Up?

This all totals up to be a score of 1 ½ for Standard Investment and 14 for the Solar Investment. Seems like easy math.