Maximizing Efficiency
Living with a 2019 Kia Niro PHEV and Solar Panels
Tech Talk

by Jeff Shields 2025-01-29

Graph: Lifetime Solar Production Sept 27, 2022 to Jan 27, 2025

Introduction

Imagine driving 2,400 km on a single tank of gas while powering your home and vehicle with energy from the sun. For us, that’s not just a vision of the future—it’s our reality. By combining a 2019 Kia Niro PHEV, a 9 kW solar panel system, and other energy-efficient upgrades, we’ve dramatically reduced our carbon footprint and energy costs while reaping financial benefits.

This article explores how we’ve integrated solar energy, a PHEV, and smart financial planning to create a sustainable and cost-effective lifestyle.

The 2019 Kia Niro PHEV – A Quick Overview

  • Electric-Only Range: Approximately 42 km, perfect for short trips and daily commutes.
  • Fuel Efficiency: During the summer of 2024, we averaged 0.7 L/100 km and drove 2,400 km on a single tank of gas by relying heavily on the electric range.
  • Rated Fuel Consumption: Over the year, the Niro averages 4.5 L/100 km for longer trips and winter driving.
  • Practical Design: Compact yet spacious, the Niro PHEV fits our lifestyle, combining environmental benefits with everyday convenience.

Solar Panels – A Sustainable Powerhouse

Graph: Our best day 61.7kWh on June 20, 2024

Our 9 kW solar panel system was installed in September 2022 and has since produced over 20 MWh of electricity. The system’s performance highlights its efficiency and reliability:

  • Peak Summer Production: Reaches up to 61 kWh/day, far exceeding household energy needs and charging the Niro multiple times.
  • Winter Challenges: Average production drops to 5-10 kWh/day, but credits earned during summer offset these lower production periods.
  • Net Metering with BC Hydro: BC Hydro’s 1-to-1 credit system means surplus energy produced during sunny months is sent to the grid and credited against winter energy use.
  • 20 MWh can power a 19W LED bulb continuously for approximately 120 years!

Financial Benefits and Strategic Investments

  • Cost Savings on Electricity: Before solar, our annual electricity bill was $1,968. Now, thanks to the system and net metering, we pay just $300/year, with bimonthly bills often under $10, except for slightly higher amounts in February and April.
  • Gas Savings with the Niro PHEV: A standard gas vehicle would consume 1,200 L/year for 15,000 km, costing $2,160/year at $1.80/L. The Niro, at 4.5 L/100 km, uses just 675 L/year, costing $1,215/year. Annual gas savings: $945.
  • Leveraging Incentives:
    • Canada Greener Homes Program: A 10-year, interest-free loan covered 100% of the installation cost. A $5,000 grant provided additional financial relief.
    • Provincial Rebates: $2,500 rebate on the Kia Niro PHEV, $750 rebate for installing a Level 2 EV charger, and a $5,000 grant for upgrading to a heat pump.
  • Strategic Investment in Dividend Stocks: The $24,500 installation cost was covered by the Greener Homes loan, allowing us to invest $20,000 into dividend stocks yielding 5%+ annually, generating over $1,000/year in passive income.

Total Annual Savings

Category Annual Savings (CAD)
Electricity Savings $1,668
Gas Savings $945
Dividend Income $1,000
Total Annual Benefit $3,613

Property Value Increase and ROI

Following the solar installation, our property assessment increased by $33,000 compared to our neighbours, significantly improving the overall return on investment.

Payback Period Calculation:

Category Amount (CAD)
Total System Cost $24,500
Grants and Rebates -$5,000
Net Cost $19,500
Annual Savings $3,613
Payback Period 5.4 years
Increase in Property Value +$33,000
Net ROI +69% immediate ROI

After the system is paid off, the annual savings and investment income will continue to grow, with the solar panels expected to last 30 years.

Long-Term Reliability and Resale Value

  • Warranty and Lifespan:
    • The solar panels come with a 25-year full parts, labour, and production warranty, transferable to future homeowners.
    • With an expected lifespan of 30 years, the system will continue to deliver savings and environmental benefits well beyond the loan repayment period.
  • Added Home Value:
    • The warranty and long lifespan increase resale value, making the property more appealing to buyers.

Challenges and Lessons Learned

  • Seasonal Variability:
    • While summer production is plentiful, winter production requires reliance on accumulated credits.
  • Smart Financial Planning:
    • Leveraging the Canada Greener Homes loan allowed us to redirect our capital into dividend-yielding investments, amplifying financial returns.
  • Minimal Maintenance:
    • With its 25-year warranty, the system has required no major maintenance so far.

Take Away

By combining a 2019 Kia Niro PHEV, solar panels, and smart financial planning, we’ve created an environmentally and financially sustainable lifestyle. With minimal upfront costs, significant savings, and long-term reliability, this setup is a testament to how renewable energy solutions can benefit homeowners today and for decades to come.

If you’re considering making a similar transition, research available incentives, plan for your energy needs, and invest strategically to maximize your return.

Editor's Note: This article was prepared with the assistance of Chatgpt-4o

Last Updated on: 2025-01-29