The Cost Of 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.

The cost of solar panels ontario.

Our solar power income. Our anticipated solar power income from the ontario microfit program was slightly higher than average as we purchased the most efficient solar panels in the world see solar panel efficiency for more details. System cost size of system needed x cost per installed watt. 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.

You can calculate your total system costs with the following equation. We anticipated income of 3 970 per year 4 5 kwh x 1 100 x 0 802. Just take the size of your system and multiply it by the 2 46 watt the average cost of installing a solar system in ontario. 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.

We offer great prices and the widest selection of ontario panels for microfit. Cost of solar power in canada 2020. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system. 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.

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. As of august 2020 the average solar panel cost in ontario wi is 3 47 w. 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.