Earlier this month I received my first official payment from my LDC. The payment was for $302. This was for the period starting December 3rd (Connection date) to February 10 or around there.
The payment included HST which I am collecting and remitting to the government. It also included a one time 10$ account setup fee from KW Hydro and another 10.50$ in administration fees.
The $10.50 in administration fees will be every period. The payments are bi-monthly so that means that it is approximately $5.25 per month for administration. Not exactly ideal, but reasonable given the fact that I have heard that Toronto and Cambridge are both around $10/month. So, hopefully KW Hydro keeps the rates as is!
Showing posts with label HST. Show all posts
Showing posts with label HST. Show all posts
Thursday, March 17, 2011
Monday, January 17, 2011
How Much Does It Cost?
Typically people are very interested in the cost of a solar system until they here the cost and then they decide that it is far too expensive to purchase.
When I was doing my research, before I purchased, I was trying to find the 'sweet spot'. I was trying to take advantage of economies of scale while still purchasing something that would NOT destroy my life if things didn't turn out, like the sun stopped shinning! I suppose if the sun stopped shinning we would all have much bigger problems than wasting money on solar panels!
So, how much does the standard setup cost? And what is the standard setup?
To me, the standard setup would be panel installation on the roof with no tracking (follow the sun throughout the day) capabilities.
From my research, I found a very good breakdown that helped me find the 'sweet spot.'
1 to 2 kW --> 10$/W = 10,000$ to 20,000$
3 kW --> 9.25$/W = 27,750$
4 kW --> 8.50$/W = 34,000$
.
.
.
So the next question is naturally, how much did you end up spending on the system? And to that I tell people the same thing. It was around 32,000$ for a 5.28kW system. My panels are Schuco and my inverter is a SMA Sunny Boy. Of course, my price above is plush HST which is a significant amount of money but in Ontario, the HST can be recovered via the HST rules IF you charge HST and remit it to the government. I will eloborate more on this in a future post.
Next post, I will get into the details of my system.
If you have purchased a system, how much did it cost?
When I was doing my research, before I purchased, I was trying to find the 'sweet spot'. I was trying to take advantage of economies of scale while still purchasing something that would NOT destroy my life if things didn't turn out, like the sun stopped shinning! I suppose if the sun stopped shinning we would all have much bigger problems than wasting money on solar panels!
So, how much does the standard setup cost? And what is the standard setup?
To me, the standard setup would be panel installation on the roof with no tracking (follow the sun throughout the day) capabilities.
From my research, I found a very good breakdown that helped me find the 'sweet spot.'
1 to 2 kW --> 10$/W = 10,000$ to 20,000$
3 kW --> 9.25$/W = 27,750$
4 kW --> 8.50$/W = 34,000$
.
.
.
So the next question is naturally, how much did you end up spending on the system? And to that I tell people the same thing. It was around 32,000$ for a 5.28kW system. My panels are Schuco and my inverter is a SMA Sunny Boy. Of course, my price above is plush HST which is a significant amount of money but in Ontario, the HST can be recovered via the HST rules IF you charge HST and remit it to the government. I will eloborate more on this in a future post.
Next post, I will get into the details of my system.
If you have purchased a system, how much did it cost?
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