Latest Blogs

Prince Donated $25 Million To The Solar Industry

As recently reported by The Daily Good, iconic singer Prince—who passed away just over a year ago—was looking for a great place to invest $25 million dollars. After a conversation with CNN commentator Van Jones, anonymously invested in US-based Powerhouse, a for profit that connects solar entrepreneurs with investors.

Since Powerhouse was established in 2013 in Oakland, California, it’s helped over 43 clean energy startups create $52 million in revenue, raised $287 million in capital, and generated over 240 million megawatts of solar energy.

Net Metering: The Future of Solar in Canada

In the past, residential solar systems only generated power for that particular home during daylight hours. These types of systems required the installation of battery cells in the home to store power and provide electricity in the evening hours. However, as solar technology has drastically improved, the newest and growing type of solar system uses net metering.

What Is Net Metering? Net metering allows residential homes with solar systems to not only generate electricity to power their own homes but also share any excess power they create by feeding it into their energy providers’ electrical grids. For instance, most people work during the day, so their electric use is significantly less than it is during the evening hours. All of this excess electricity created during the day is shared with other people connected to the same electric grid.

The Benefits of Home Energy Audits

According to real estate professionals, for every $1 reduction in energy usage, on average it increases the value of the home around $20. For instance, if you reduce your energy bills by $500 annually, your home’s value increases as much as $10,000! (Please keep in mind this is just an average and actual increases in value are influenced by a number of factors including current market conditions.)

Furthermore, energy improvements increase comfort levels within your home year round. This can also help reduce other energy costs. For example, during the winter, if your home previously had cold spots, you may have put on sweaters and extra clothes to stay warm, increasing the amount of dirty clothing you had to launder, which meant you were using more energy.