Cost Of Solar Panels In Ontario 2017

Installation for the average 5kw system ranges from 11 100 22 400.

Cost of solar panels in ontario 2017. 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 in order to maximize your savings potential the best time to go solar in ontario is now. No two solar power systems are the same. They are custom based on the home roof type shading and utility.

The average ontario household pays about 11 per month for wind power and 9 for solar power. We understand that the cost may seem a little bit high but here s the good news depending on the size of your solar system a homeowner can expect to earn a 10 or greater return on their investment under ontario s solar incentive program. The most significant incentive to install solar panels in ontario is the 26 federal tax credit. After claiming 26 tax credit and other rebates the 26 federal solar tax credit explained.

The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system. Explore solar panel installation services. 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 tax credit is set to step down to 22 at the end of 2020.

Our report and power advisory s analysis also looks at the global adjustment charge a growing component of electricity costs that is also attracting attention of late. The average system size in the us is 6 kilowatts which means the average price of a solar system in ontario ca is 13 600.