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Solar Power To Your Rescue Amidst SaskPower Increasing Rates
March 23, 2022
If you live in Saskatchewan, you would have probably heard about the increasing rates of SaskPower for the years 2022 and 2023. The demand for power and electricity has been increasing more than ever. Unfortunately, SaskPower has decided to increase its rates. It is increasing the power rate by 4% in 2022 and 2023.
Undeniably, the soaring rates will force you to look for some other power alternatives that are cost-effective in the long run and durable. In such circumstances, companies and electricity suppliers either increase the rates or look for other energy alternatives.
Continue reading further to find out what the news about SaskPower is and how Sundawg Solar might be able to help you in this situation.
SaskPower’s Latest Announcement
SaskPower is hiking its rates to maintain a reliable and sustainable electricity system. It is increasing its rates by 4% in both 2022 and 2023. So, people in Saskatchewan might see an increase in their SaskPower bills in 2022 and 2023.
The organization has not changed its rates and has been operating at the same rate since 2018. According to a recent media release, the Crown Corporation has applied to the Saskatchewan Rate Review Panel (SRRP) for a rate increase of 4% this year and 4% in 2023.
Talking to a press release, Troy King, SaskPower’s interim president and CEO, said, “We are committed to providing stable and reliable power to our customers at an affordable rate, and we’ve worked hard to avoid rate increases in recent years.”
However, SaskPower says that they are looking for ways to make a change to its rate design methodology. This change will affect only those customers who pay separate demand and energy charges and will be revenue-neutral to SaskPower.
How Can Solar Power Help You To Avoid Increasing Power Rates?
Going for alternative solutions is a better way to keep yourself protected from the ever-increasing rates of power. It is also wise to invest your money into some reliable energy sources and reap the benefits for decades. Solar power is one such solution that makes you rely less on electricity and power from the government and have your own setup of power generation.
Solar power is a reliable financial investment. Whether it is for your residence, farming field, commercial building, or any other setup. Switching to solar power can help you reduce your energy bills to a significant level. Thus, you are least affected by any increase in power rates once you have installed solar panels. With a foreshadowed increase in electricity rates, solar energy remains a cost-effective solution and long-term investment for the future.
Not only this but installing solar panels also helps in ‘Net Metering,’ which is a system that gives credit to the consumer who adds power to the grid due to the usage of solar power. This is one way to motivate people to install solar panels on their homes and allows them to sell any unused electricity back to the grid.
Furthermore, there are different grants, rebates, and incentives for solar power from the Canadian government, such as The Federal Government Grant, Home Renovation Tax Credit By Saskatchewan Government, Green And Inclusive Community Buildings, CCA (Capital Cost Allowance), and more.
All these grants and incentives motivate people to opt for greener energy solutions. Moreover, it also helps improve the resale value of your home. In the agricultural sector, solar power is playing a major role in providing constant energy and saving significant costs.
How Sundawg Solar Can Help
Sundawg Solar is a top-rated solar panel installation company in Saskatchewan. We install solar panels and help create a sustainable future for generations to come. We offer competitive rates with long-lasting and low-maintenance solar power systems. Sundawg Solar offer numerous solar power services such as:
- Residential Solar Services
- Commercial Solar Services
- Rural Solar
- Off-grid Solutions
- Energy Audits
Sundawg Solar has 40 years of experience in the solar power industry. We are here to help you save on your electricity bills and choose a greener power option with our renewable energy service. We offer customized services and give you a personalized experience. Contact us to install solar panels or get your queries answered.