Save With Solar
Tricon Solar Home
In our ongoing commitment to environmental stewardship and providing exceptional value for our residents, Tricon Residential is excited to make solar energy available at select homes. Tricon’s Solar Homes use 100% clean, pollution-free and renewable energy sources.
How It Works
- A solar system will be installed at the home to generate electricity every day from the sun.
- You won’t notice a difference in your home daily – your lights, appliances, television, and everything else that uses electricity will work as they did before.
- The main difference you will now notice is how you pay for your power – you will have two separate bills:
- You will receive a monthly bill from Tricon Residential which is a dollar for dollar pass through of the solar lease.
- You will still receive a monthly bill from your utility company, which will be lower because of the energy generated by the solar system.
Have Peace of Mind by Helping the Environment & Saving on Your Electricity Costs
Using solar means reducing reliance on oil, coal and natural gas for electricity production. Moving into a Tricon Solar Home provides the ultimate opportunity to help the environment and reduce your carbon footprint!
Why do I still have a utility bill?
- You’re still a utility customer, and the utility company charges a monthly fee for basic grid services.
- Because solar energy needs to be used when it is generated, it doesn’t always align with when you need the electricity. Under a billing structure called Net Metering, the utility company keeps track of and balances the solar energy generated by your system and the energy you use, so that you don’t have to.
- When your solar panels produce more electricity than you need (usually in the spring and summer), that energy is sent to the grid in exchange for credits.
- Then, when your home solar system isn’t producing as much electricity as you need (at night and in the winter), you pull energy from the grid and use those credits to offset the cost of that grid energy.
- At the end of the year, the utility company will do an annual settlement called a “True-up” on your account.
- How much energy you end up having to buy from your utility depends on the size of your solar system and how much electricity you’re actually using.
- If you have used less electricity than the solar panels generated, you will receive bill credits in exchange for the unused energy.
- If you used more electricity than the solar panels generated, you will owe a payment for that extra electricity beyond what the solar panels generated.
- Your monthly energy bill will always show any balance you owe so that there are no surprises at the end of the year.