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The Future Is Now: The Economic Case for Renewables (Panel Session)GreenProfit ConferenceMarch 30, 2015Kingston Ontariowww.greenprofit.co
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PowerPoint Presentation
Renewable Installations for nearly 25 years
Kingston Peterborough Cobourg Carleton Place
The Economic Case for Residential RenewablesWood/Biomass HeatingSolar Hot WaterSolar Electricity
Biomass / Wood HeatingWood Heating $900-$1,200/year - Wood Pellet Heating $900-$1,200/yearSimilar to the cost of Fossil Fuels (often cheaper then Oil, Propane and Electricity)
Cost Solar Hot WaterSolar Thermal for domestic Hot Water has gone out of fashionSolar Pool Heating $4,000-$6,000 setup costs about a 2 year payback
Cost of a kWh from a Residential Solar SystemThe Production of Solar Project over 20 yearsDivided by the cost of the system
Good News: We are at Grid ParityRight now we can produce power at a similar rate to the gridMicroFIT pays us twice as much as grid power
Bad News: No AccessOEB mandates that we have access to the grid.Hydro One is not allowing access to their gridThey analyze at the feeder level, which is very conservativeNo one is challenging Hydro One!
Carbon Emissions Savings &Approximate Setup Costs
Space Heating 28% ($3,500 - $6,000)Biomass Heating - 2-5 tons/year ($3,000 - $6,000)Solar Hot Water 1/2 ton/Panel ($6,000 - $8,000)10 Kilowatts of Solar 5 tons/year ($30,000-$35,000)
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Kingston Peterborough Cobourg Carleton Place