Cost Of Solar Panels In Ontario 2016

Blair beesley a solar system installer with solsmart energy systems in toronto estimates the average cost of a five kilowatt system is now about 18 000 including the hookup.

Cost of solar panels in ontario 2016.

The average cost of installed residential solar power systems is currently 2 60 per watt. Installed home solar system cost by. The current average price range in ontario is about 2 34 2 59 kwh. 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.

Not sure what this number means or how to use it. 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. 1 cost this is one of the most important factors. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system.

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. However most installers estimate solar costs by the amount of energy needed at 2 53 to 3 15 per watt before any tax credits or incentives. 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. System size brand state tesla solar panel prices.

In 2017 the average cost of solar panels in ontario ca was 3 50 per watt which results in a payback period of 6 6 years based on current electricity prices of 0 1887. We offer great prices and the widest selection of ontario panels for microfit. The cost of solar panels in ontario is becoming more affordable due to the fit program. 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.

Solar panels ontario cost solar panel prices ontario. 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. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. There are some key factors which you must take into account when designing your microfit solar system.