Cost Of Residential Solar Panels Ontario

The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system.

Cost of residential solar panels ontario.

The upfront cost of installation is obviously one of the largest factors that determine whether or not a person is going to switch to solar. At today s pricing a solar system would typically cost you anywhere from 20 000 40 000 in ontario depending on the size of the system 40k for a 10 kw system and 20k for a 4 5 kw system. Even so let s look at some numbers so you have more information than just the fact that it depends on a couple of factors. Solar panels typically cost in the range of 8 to 10 dollars per kilowatt of power they are capable of providing.

The average cost of installed residential solar power systems is currently 2 60 per watt. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. We have a number of solar panels available for use in the microfit program or for off grid applications. That same kilowatt of power when bought from your local utility company costs in the range of 8 to 10 cents.

With a current installed cost per watt of solar generation at between 2 50 and 3 00 per watt that means that a 7 500 watt solar array is going to run somewhere between 18 750 and 22 500. This means that to offset 100 of their electrical use an average ontario homeowner would need to install an approximately 7 500 watt solar array. If the power is not needed during the day it can be exported back to hydro one as part of their net metering program for a credit. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. At solar trader we have the largest selection of solar panels and the best prices in ontario. The customer then uses this credit. The average cost of installing residential solar panels in ontario california in 2020 is 2 72 per watt.

However the cost of solar power changes depending on the size of the system required your eligibility for solar incentives the type of equipment used and even on the province that you live in. The average system size in the us is 6 kilowatts which means the average price of a solar system. Not sure what this number means or how to use it. Jump back up to the common questions section.