Economics of Solar Power in Canada
The Canada Energy Regulator (formerly the National Energy Board), published a report on the Economics of Solar Power in Canada (ESPC)[1] studying the financial viability of typical solar power projects in over 20,000 Canadian communities. While we’ve spoken quite a bit about the rapid drop in solar costs of the past 10 years, this report helps to give context not only to how far solar has come, but what we can expect in the near future. In many provinces across Canada, it is now cheaper to use solar compared to power from the grid.
Heading Into 2021: Technological Advancements in Solar
As we approach the end of 2020, solar remains in a state of constant innovation. Technological advances continue to improve as we find new ways to increase the conversion of light to electricity. Today, you can build a system with less panels, less labour, less wiring, and in a smaller footprint than you could a few years ago, opening the doors for a multitude of new users and utility-scale projects.
Domestic Content Requirements: Are you prepared for an Audit?
The IESO’s annual audit cycle is happening right now and we have just finished another round of audit support. Since audits never come with fair warning, now would be a good time to ensure your DC documents are in order.