Proposal for a 9.5 kW PV system

Created 20 days ago


71 Melrose Crescent, Eastern Passage, NS B3G 1N9, Canada


Tom Rendle 👋

902 748 1152

See my system

System Design

Understanding the value of a solar system means understanding the value of energy.

  • A solar system is a long term investment because it will generate a great deal of energy over a long period of time.
  • The amount of energy generated won't always stay the same and it is unlikely that the value of that energy will stay the same either.
  • As the years roll on your solar system's total production potential will degrade little by little but the value of that energy is more than likely to continue to increase.

Number of panels: 18 | 9.54 kW DC

AC Annual: 11,878.77

  • Tilt: 23°
  • Azimuth: 148° SE
  • Losses: 9.7%

System Size

9.54 kW DC

18 of our Bauer 530W Topcon panels


Ac Power Output

6.8 kW AC

18 of our cutting edge IQ8HC microinverters

First Year Production

11,879 kWh

Value: $2,197.57

Consumption Offset

91.6%

Estimated Annual Efficiency

1,245 kWh/kw DC

(90%+ percentile)


Net Cost: $29,868.00

Bauer 530W Topcon (18)

$8,100.00

IQ8HC (18)

$8,100.00

FinanceIt Promotional Fee

$5,000.00

Total Hardware Cost

9.54 kW DC

$21,200.00

Installation Cost

$5,000.00

Total Cost

$2.75/W

$26,200.00

Tax

14.0%

$3,668.00

Gross Cost

$29,868.00

Final Cost After Tax And Incentives

$29,868.00


Energy and Savings✅💰

This proposed 9.54 kW DC system is projected to save you $99,470.67 over 30 years!

It only gets better from here 🌞🌞
  • without solar your power bill is on track to be $490.48 a month in 30 years. 
    • with this solar system your power bill will just be $94.93 a month in 30 years ✅💰
  • That's an ROI of 8.82%!
  • All with just 18 panels and 18 inverters for $29,868.00 😎


First Year New Power Bill

$36.04

Includes $19.17 utility fee

Old Power Bill

$219.17

Includes $19.17 utility fee

Clean Power Cost

$0.088/kWh of clean energy

Average cost of clean energy produced over the next 30 years

Paid for in

14.3 Years

incl. loan payments

30 Year Savings:

$99,470.67

gross energy savings

Net Savings:

$61,891.56

after $7,711.11 interest

Annual ROI:

8.82%

IRR: 6.67%

adjusted for interest

Investment Summary
Solar City

System Cost

$29,868.00

Monthly Payment

$313.16

(avg over 10 yrs)

Monthly Interest

$64.26/mo

$7,711.11 total


Halifax Regional Municipality's Solar City program offers exceptional 4.75% financing over 10 years, making solar energy accessible to every property owner. No upfront costs, no credit checks, and the financing stays with your property.

Learn more about this financing option

Total Cost with Financing: $37,579.11

vs $29,868.00 cash


Monthly Production and Consumption

Solar systems in Nova Scotia produce much more energy in the summer than they do in the winter.

  1.  If you generate more electricity than you can use in a billing period, surplus kilowatt-hours (kWh) will be “banked” and applied to your next bill to offset any electricity drawn from the grid until the end of the year. 
  2. If you end the year with excess generation remaining, NS Power would apply this to any billed consumption within the same calendar year up to a maximum of your total billed energy. 

This means you can achieve a "Net-Zero" home in Nova Scotia by generating as much energy as you use in a calendar year, regardless of when it is generated or when it is used.

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Year 1

$36.04/month

Includes $19.17 monthly utility fee

Consumption Offset:
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Year Month Consumption Total Production Total Purchase End kWh Credit End kWh Credit Value Monthly Bill Net Savings

Payback Period

The payback period for your system refers to how long it will take for the system to pay for itself with energy savings. This is not the same as the term length on your financing. For example, the Canada Greener Homes Loan has a 10 year payback term. Meaning you will have paid off the system with 120 monthly payments, however, the amount of time it takes for the solar system to pay for itself in savings could be more or less.

⏱️ Payback time? More like pay-forward time! ➡️

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Value over Time

Two things happen when energy rates increase for homeowners with a PV system:


  • Payback period shortens,
  • Return on investment increases.

Financing Options

Compare financing options or view as a cash purchase.

Cash Purchase
$29,868.00 one-time
No interest charges
No monthly payments
Full ownership immediately
Solar City
Active
$313.16 /month avg
10 year term
4.75% fixed rate
FinanceIt
$254.74 /month avg
20 year term

Rate Schedule:

Years 1-5 0.0% → $124.45/mo
Years 6-20 13.99% → $298.17/mo
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Solar City

Years 1-10: $313.16/month (4.75% interest)


Loan Payments (avg): $313.16/month

Total Interest: $7,711.11

Loan Payment + New Utility Bill: $349.20/month average

Loan Options

CAD

Utility Escalation Rate

The value of power directly impacts the value of your solar investment. The higher the cost of power is from your utility the more value your solar system is generating for you in avoiding this cost. If we assume the annual increase in the cost of power will be high, meaning the cost of power will dramatically increase over time, then an investment in solar energy can look extremely appealing. However it is important to be realistic and conservative when estimating the payback period as we would not want to mislead you or oversell the benefits. Our default escalation rate which is our "Best Guess" is 3.6%

Your Guess is as good as ours

The increase in the cost of power from your utility company each year plays a big role in determining your return on investment. Our default estimate is reasonable but your guess is as good as ours. Modify this value to see how the financials look with a higher or lower annual increase in the cost of power from your utility company.


Annual Environmental Impact

 It's not all about the 💰, 🍯 

11,879 kWh produced in first year, this is equivalent to:

945.6 Gallons of gasoline

1.8 Cars for one year

9.2 Thousand lbs of coal burned

1.0 Million smart phones charged

1.4 houses powered for one year

343.3 propane cylinders used for home barbeques

19.0 barrels of oil consumed

Calculations sourced from EPA.gov

EPA.gov

18 panels

Your solar panels are the heart ❤️ of your solar energy system. They do so much more than just harness sunlight and convert it into electricity. Our solar panels also offer:

  • High efficiency and reliability
  • Durability to withstand harsh weather conditions
  • Aesthetically pleasing designs to complement your home 
  • Long-term warranties for peace of mind

We meticulously select our panels to ensure the highest quality and performance for your solar energy investment. Take a closer look at our selection, and you'll understand why 🌞.

9.54 kW DC

18 of our Bauer 530W Topcon panels

DC Capacity: 530W

Model: BS-132M10HBB-GG

Height: 82.44"

Width: 44.64"

Efficiency: 22.32%

Product Warranty: 30 Years

Power Warranty: 30 Years

Degradation Rate: 0.3%

BIFACIAL GLASS-GLASS HALF-CELL MODULE. BAUER guarantees a minimum performance value of 87.4% after 30 years for the PREMIUM PROTECT glass-glass solar modules.

BS.520-530.132M10HBB-GG.pdf


Inverters

Your inverter technology is the brain 🧠 behind your entire solar system. Your inverters are responsible for much more than just converting DC energy from your panels to AC energy that you can use in your home. Inverters also provide:


  • Monitoring
  • Performance verification
  • System maintenance and support
  • Overall longevity of your solar system

We do not trust any product other than Enphase to be the intelligence behind your solar energy investment. Check them out and we're sure you'll see why 👇 seriously no other product comes close 🤭

Have a look at our inverter comparison guide to see how good our value proposition is compared to your other quotes.

6.84 kW AC

18 cutting edge IQ8HC Inverters

AC Capacity: 380W

Model: IQ8H-240-72-M-US

Enphase's newest IQ8H Microinverters are the industry's first grid-forming microinverters with split-phase power conversion capability to convert DC power to AC power efficiently.

The brain 🧠 of the semiconductor-based microinverter is the proprietary application-specific integrated circuit (ASIC) which enables the microinverter to operate in grid-tied or off-grid modes. This chip is built in advanced 55 nm technology with high-speed digital logic and has super-fast response times to changing loads and grid events, alleviating constraints on battery sizing for home energy systems.

Part of the Enphase Energy System, IQ8H Microinverters integrate with the Enphase IQ Battery, Enphase IQ Gateway, and the Enphase App monitoring and analysis software. IQ8H Microinverters redefine reliability standards with more than one million cumulative hours of power-on testing, enabling an industry-leading limited warranty of up to 25 years.

IQ8H-DS-0004-01-EN-US-2021-10-19.pdf


Equipment

The components below are included in your quote. 

Enlighten App


Included With Your System
A powerful and intelligent companion to the Enphase Energy System. Monitor your system status from wherever you are and know exactly how much energy your solar system is producing. And you can generate reports on energy production by day, week, month, or year. All of it displayed in attractive and easy-to-read graphs and infographics.

SolaTrim


Included With Your System
The SolaTrim Pest Abatement Barrier is an aesthetic, all-weather, long lasting Pest and Debris abatement system designed to limit environmental impact and pest intrusion to residential solar system arrays.

Consumption Monitors


Included With Your System
Consumption Current Transformer (CT) enables home energy consumption monitoring.

  • Whole-home consumption data,
  • Valuable energy insights

 Included with all system installations where possible (certain electrical situations prohibit installation).

Pricing

Sometimes it is about the 💰, 🍯

Bauer 530W Topcon (18)

$8,100.00

IQ8HC (18)

$8,100.00

FinanceIt Promotional Fee

$5,000.00

Total Hardware Cost

9.54 kW DC

$21,200.00

Installation Cost

$5,000.00

Total Cost

$2.75/W

$26,200.00

Tax

14.0%

$3,668.00

Gross Cost

$29,868.00

Final Cost After Tax And Incentives

$29,868.00

Payment Terms:

Our terms are no deposits or down payments, and we only request payment once the system is installed, operational, inspected and approved by NSP. As a courtesy we will wait for payment if you're going through the Greener Homes Loan Program and need it to finance the system. 


Documents

We've got the schematics.


We've been busy energizing Nova Scotia 💪

Check out real-time system data from over 45,682 panels installed throughout the province. With Watts Up Solar, Nova Scotians have produced over 67,267,604.03 kWh (that's 67.27 GW!) of clean renewable electricity, saving our customer's more than $12,444,506.75 on their power bills.


Watts Up Solar maintains a database of real energy performance from our installations, made available to inform and engage the public about the benefits of renewable energy. We utilize this performance data in our proposal software to ensure accurate system sizing and performance estimates in a one of a kind process. We hope that our technology can provide valuable insights and empower informed decision-making about renewable energy investments.


Proud Winner Of The 2020, 2021, 2022, 2023, 2024, 2025 and 2026 Consumer Choice Awards For Halifax Nova Scotia

Through the gathering of unbiased consumer opinions, calculated and vetted by some of North America's leading market research firms, Consumer Choice Award has Awarded Watts Up Solar LTD as Halifax & Greater Region's BEST Solar Energy Systems company seven years in a row.

Learn More


Insights

Some essential reading from the blog.


Next Steps

Thank you for the opportunity to quote your solar energy system. We would be honoured to fulfill your dream of achieving energy independence.

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terms and conditions

*All calculations are an average based on the power your panels are expected to generate, and your usage average last year, not the exact new bill. Your new bill will still depend on how much energy you use in the future. Incentives are subject to change. The actual amount can be higher or lower than what is quoted, and may not stay at a fixed rate over time.