Solar Panels Ontario Worth It

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.

Solar panels ontario worth it.

We recommend adding solar to an existing home as a worthwhile investment. But the high initial cost of solar panel installation makes many canadians wonder if it is worth the investment. In this article we look at each province and territory to examine if solar panels make sense in your area. Are solar panels in ontario worth it.

Contact any solar panel company and they will tell you the cost per watt. While solar leases and power purchase. According to data from national resources canada the average solar system in ontario can produce 1166kwh of electricity per kw of solar panels per year. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.

Ontario has the fifth highest potential to produce solar energy in all of canada receiving more solar irradiation than most other provinces except for the prairies and quebec. Here is a sample from a real customer s microfit solar evaluation package that can give you some perspective on how lucrative this investment can be. Charlebois said the average cost for a 5 kilowatt solar. With so many flexible options on going solar you may be asking yourself if the returns will be worth it for you.

How are you financing your solar panel system.