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g Province Announces Solar Rebate for Residential Properties

Posted: June 25, 2018 @ 2:52pm / Updated: June 25, 2018 @ 2:52pm

Nova Scotia has announced the SolarHomes program, which will provide a rebate of $1/watt on a residential Solar PV installation, up to a maximum rebate of $10,000. Nova Solar Capital was on hand for the announcement in Dartmouth today, and we're thrilled that there's federal money coming to help expand solar in Nova Scotia.

The full details aren't available yet and the program is planned to begin sometime in August, but will be retroactive to installations completed beginning today. We're looking forward to helping our customers take advantage of this rebate to make solar even more affordable. This will be a great compliment to our financing program and will make solar a reality for many more Nova Scotians.

If you're interested in solar for your property, click on the register tab and fill in some information to help us do a free, no-obligation preliminary assessment. We'll get in touch with you to discuss your solar options!

f Battery- Backup System Test Installation

Posted: May 30, 2018 @ 4:21pm / Updated: May 30, 2018 @ 4:21pm

Nova Solar Capital

 

Grid-Tied AC Coupling Residential Battery-Backup System Test Installation

 

What are we offering, and why?

A battery backup system is a natural complement to solar PV, but the ability to use a backup system with micro inverters is a fairly recent development, and at Nova Solar capital we want to test one to understand its installation and operating characteristics in a real-world situation.

We will install the backup system with one of the first solar installations purchased from Nova Solar Capital or leased from Solar Scotia Energy (the solar CEDIF) in the 2018 season. The customer will purchase or lease the solar installation, but the battery backup will be provided at no cost to the customer and left installed for their continued use during its operating life. On completion of commissioning, the battery backup system will become the property of the customer. We would like to receive continued occasional performance updates as part of our test program.

The Nova Scotia Community College carries out research in renewable energy and we anticipate delegating to them the choice of site and we hope to work with them in designing the test program and monitoring regime. This test system is only available for one installation in our first round of new installations in 2018, and would be located somewhere within the Annapolis Valley, South Shore or HRM for monitoring purposes.

 

What is a Battery Backup System?

A grid-tied solar PV installation uses net-metering so that power generated in excess of what is consumed in the home can be fed back to the power grid to NS Power – essentially using the grid as your storage device - so you get the benefit of every kilowatt you create, either at the time of production or as a credit from NSP. However, when the grid goes down so does your solar as the micro-inverters must sense the grid in order to operate, as power fed back to the grid could cause serious injury to workers working on the power lines. So even on sunny days you would be without power just like everyone else.

A battery backup system uses an inverter charger to take AC power from the grid or the solar array (or from a gas/diesel generator if you have one) into storage in a set of deep-cycle batteries. This is called a “Grid-Tied AC Coupled” system. If the grid goes down, the backup system is isolated from the grid and the inverter uses the battery backup to signal the micro inverters in the solar array that they can deliver electricity. The solar electricity is then used to power essential home services such as lighting, the fan on a forced air oil furnace, fridge/freezer etc or a TV. If the solar is not producing sufficient power, or it’s dark, the solar power is supplemented by power drawn from the battery backup or from a plug-in generator. If it’s dark, the battery storage is recharged from the solar array the next day with any excess power left over after essential loads are met. In principle, and depending on loads, the combination of the solar array and battery backup can keep these essential home electrical services operating for days or even weeks. When grid power is restored, the entire installation will be restored to grid connection. The diagram above shows the main components.

 

System Specification

Battery backup systems were originally designed for off-grid applications using string inverter technology but the system we plan to install is designed to work with a modern grid-tied micro inverter system and includes, provisionally, the following components:

  • Inverter charger unit. (Magnum Energy MSPAE-4024)
  • AC Load centre with breakers; for essential circuits- lights, refrigerator, water pump etc
  • Mini Panel with isolation breakers (Magnum MMP175-30D mini)
  • Magnum Energy ME-RTR inverter remote panel
  • 8 Series/Parallel Batteries 24VDC@920Ah or 48VDC@460Ah (Rolls Surrette S6-460AGM)
  • Battery monitor w/shunt (Magnum ME-BMK )
  • Surge suppression Device (to protect from lightning strikes and power surges)

The approximate installed retail value is about $12,000 plus taxes. The system will be installed with a 12 month installation warranty from Nova Solar Capital and will be subject to manufacturers’ warranties on materials.

Next Steps

Contact us if you would like to participate or have any questions. We anticipate finalizing the first group very soon in order to get the bulk hardware ordering completed to allow the installations to be underway in late June/July.

Phone: 902 812 1050 or email: info@novasolarcapital.com

f Residential Solar Energy Growing

Posted: May 23, 2018 @ 2:58pm / Updated: May 23, 2018 @ 3:01pm

More great press about us today in the Chronicle Herald! Read the story here -> http://thechronicleherald.ca/southshorebreaker/1572274-residential-solar-energy-growing-firm

f Nova Scotia's Residential Solar Installations Growing

Posted: May 11, 2018 @ 9:35am / Updated: May 11, 2018 @ 9:35am

Wednesday, May 9 (Kentville, NS) – Nova Scotia’s residential solar energy generation grew by 69% in 2017. The province’s only Solar PV Projects Development Company, Nova Solar Capital, expects the trend to continue as 2018 installations begin this summer.

“More solar came through Nova Solar Capital than any other company in Nova Scotia last year,” says Nova Solar Capital’s President & CEO, Dr. Andrew Bagley. “We completed 42 installations alone in our first year, accounting for 44% of the residential market. Now, our team has grown from three to seven full-time employees who are passionate about bringing renewable energy to more Nova Scotians.”

Nova Solar Capital manages the Solar Scotia Energy CEDIF, and the majority of the company’s residential solar customers were also investors in the CEDIF. Nova Scotians can invest in Solar Scotia Energy from their RRSP savings and receive NS equity tax credits worth up to 65% of their investment.

This season, Nova Solar Capital is looking to test a battery backup system during their first group of installations by installing one at no charge to the homeowner (an approximate $12,000 value). The backup battery provides automatic power backup and can enable homes to be powered indefinitely by a solar installation during extended power outages, which has previously been unattainable for grid-tied systems.

Nova Scotians can learn more by visiting www.novasolarcapital.com/register.

f Second CEDIF Offering for Solar Scotia Energy

Posted: April 20, 2018 @ 2:54pm / Updated: April 20, 2018 @ 2:55pm

FOR IMMEDIATE RELEASE

Second CEDIF Offering for Solar Scotia Energy

Kentville, N.S., March 2018:

Solar Scotia Energy Inc. has launched its second share offering to finance the mass installation of Solar Photovoltaic (PV) systems on residential homes in Nova Scotia and provide the opportunity for sales of solar hardware to third parties.

The first share offering closed on December 12, 2017 and raised nearly $1.1 million, resulting in leased solar installations for nearly 40 homes across the province, in addition to sales of solar hardware equivalent to 22 average-sized installations.

Solar PV is experiencing rapid growth in Nova Scotia. The growing trend of solar PV installations in Nova Scotia can be observed from Chart 21(a) on page 22 of the Offering Document, and is reproduced below. At the end of 2016, residential solar PV generation represented just 0.015% of Nova Scotia Power’s total generation, so in the issuer’s view there remains significant room for this market to grow.

 

 

 CEDIFs are RRSP eligible investments, and investors may also qualify for the 35% non-refundable Equity Tax Credit applicable to Nova Scotia Taxes otherwise payable, which may be carried forward 7 years and backwards 3 years. Investors may be eligible for further non-refundable NS Equity Tax Credits of 20% for a second 5-year holding period and 10% for a third 5-year holding period of the investment. ETC rollovers after the initial 5-year holding period are not guaranteed and additional conditions apply.

For investors with a passion for the environment and a belief in the benefits of solar energy, this is an exciting opportunity that will help bring Nova Scotia into the new energy frontier. More details can be found at www.solarscotiaenergy.ca.

f Nova Scotia Solar Firm Installing Panels Around Province

Posted: December 15, 2017 @ 1:04pm

Another great article about us in the Chronicle Herald! We're looking forward to expanding our residential program in the new year, and we're excited to work with farms and businesses looking to go solar!

 

http://thechronicleherald.ca/business/1527539-nova-scotia-solar-firm-installing-panels-around-province

 

f Nova Solar Capital wins AVCC Outstanding New Business award

Posted: November 3, 2017 @ 3:41pm

Kentville-based Solar Projects Development Company Nova Solar Capital Inc. was named Outstanding New Business of the Year at the 2017 Annapolis Valley Chamber of Commerce Business Awards last night in Wolfville. The judges noted “some factors contributing to winning this award are: being a leader in a growing industry, their investment in a strong foundational team, and their carefully crafted business model”.

Nova Solar Capital is currently in the installation phase of its first residential project that has seen over 1 million dollars invested in more than 40 installations taking place on properties throughout Nova Scotia. This phase alone will increase the installed capacity of solar PV in Nova Scotia by 30%.

This increase in solar generation will take approximately 10,000 tonnes of CO2 out of the atmosphere over the lifetime of these systems (25-30 years); which is the equivalent of planting two to three thousand trees in Nova Scotia, or taking 44 cars off the road.

Nova Solar Capital is now taking bookings for the spring installation season. For more information visit www.novasolarcapital.com

f Join us at the Energize NS Discovery Fair - October 27 & 28 in Bridgewater

Posted: October 5, 2017 @ 11:45am / Updated: October 5, 2017 @ 11:51am

We're very excited to take part in Nova Scotia's first ever Energy Discovery Fair! Come visit our booth, we'd love to talk solar with you! Find out more info at www.energizebridgewater.ca/energize-nova-scotia/

Energize NS

 

f Mass Installation Project begins with Successful Solar CEDIF

Posted: July 18, 2017 @ 9:06am / Updated: July 18, 2017 @ 10:05am

Solar Scotia Energy is the first successful solar CEDIF in Nova Scotia. It has recently met its minimum funding needed to begin and to date has raised nearly 1 million dollars.

The funds invested in Solar Scotia Energy are being used to purchase Solar PV hardware for the primary purpose of financing solar PV arrays on residential homes in Nova Scotia. Customers who are having these arrays installed on their homes are paying an annual lease payment at a very attractive 3.5% fixed over 10 years; at the end of the term there is a $50 buyout fee and the solar PV system becomes their property free and clear. The system will continue to generate free electricity for an additional 15 to 20 years.

Solar Scotia Energy will also use its purchasing power and ability to go direct to the manufacturers to create a solar hardware distribution business in Nova Scotia. This will allow existing solar PV installers in the Maritimes to source hardware from a Nova Scotia company rather than going through distributors in Ontario or elsewhere.

The mandate of Solar Scotia Energy Inc. is to help grow the solar energy industry in Nova Scotia, and is sub-contracting installations to local installers. The addition of a local hardware distributor will help to continue to create economic growth in the province in the emerging renewable energy sector.

The residential installations that will be undertaken in just the first phase of the mass installation project that is being managed by Nova Solar Capital Inc. will increase the installed solar capacity in Nova Scotia by 20%. It is the largest residential solar project ever undertaken in Atlantic Canada.

There is still an opportunity to invest in the Solar Scotia Energy CEDIF; the close date is September 14th. For further information, visit www.solarscotiaenergy.ca.

f Nova Solar Capital Welcomes Solar Program for Community Buildings

Posted: April 26, 2017 @ 2:12pm / Updated: April 26, 2017 @ 2:13pm

April 26, 2017

 

Nova Solar Capital, the Kentville-based Solar Projects Development Company, is thrilled with the recent announcement by the Nova Scotia Government of the Solar Electricity for Community Buildings Program.

Nova Solar Capital sees solar PV as the most attractive way to bring Nova Scotia towards a greener energy future, and applauds the government for any initiative to help move the province in that direction.

“As organizers of the only Solar CEDIF in the province, we look forward to working with Community Groups and First Nations to help them go solar”, says Dr. Andrew Bagley, President & CEO of Nova Solar Capital Inc. “Our focus will be on supporting participants of these projects with an integrated solution including financing, sourcing hardware, and coordinating installations. As a major player in the solar industry in the province, we have a lot to offer groups looking to take part in this new program”.

Nova Solar Capital encourages organizations planning on submitting proposals for the program to get in touch to discuss options. Email info@novasolarcapital.com.

 
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