Cost Of Installing 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 installing solar panels ontario.

In ontario microfit is a program where homeowners and business owners can install a solar microgeneration plant 10 kw and under and be paid a guaranteed rate of 80 2 cents kwh for the power your solar system produces under a 20 year contract with the government. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 64 per watt. 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. 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.

Charlebois said the average cost for a 5 kilowatt solar installation. Cost of solar power in canada 2020. Not sure what this number means or how to use it. National data september 2020.

Installation of panels for the average 5kw system ranges from 11 100 22 400. 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. A 5 kw solar system will produce enough energy to offset up to 75 of the average domestic consumption depending on the system installed and home occupant s habits and will cost around 25 000. The current average price range in ontario is about 2 34 2 59 kwh.

Ontario s time of day electricity rates make the cost of solar about 95 per cent of the average cost to buy power from the grid. This program is called share solar but is also known as the ontario free solar program to most people. Free solar panels ontario aka the share solar program. Sean flanagan owner and technician at the ontario based flanagan and sun estimated that the cost of installing a 10 kilowatt system the most common capacity on an average sized home would.

The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt. 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. Cost of installation 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. With share solar there are 3 options to go solar.