Solar Power Cells, Hot Water, Energy, Collectors

Solar Power Offers Solution to Record-High Energy Costs in Alberta

01.01.70

CALGARY, ALBERTA, Jan 23, 2012 (MARKETWIRE via COMTEX) -- SkyFire Energy Inc. (SkyFire) announced today that as the standard cost of electricity continues to reach record levels in Alberta, the opposite is true for solar energy which is now, in most cases, better than grid parity. Grid parity is the cost at which solar electricity costs the same as buying power from your utility. An investment in a commercial or residential solar electric system is now more affordable than ever.

"As energy market prices continue to rise to unprecedented levels in the province, there's never been a better time to shift to solar," says David Kelly, partner, SkyFire Energy. "Investing now in a solar system with SkyFire will secure a fixed rate as low as 12 cents per kilowatt-hour for 30 years."

The standard electricity price (Regulated Rate Option) in Alberta reached an all-time monthly record in January, increasing to over 18 cents per kilowatt-hour (15.1 cents for electricity and over 3 cents for transmission, distribution, and local access fees per kilowatt-hour.

Source: MarketWatch (press release)