Is Solar Panels Worth The Investment Ontario

Charlebois said the average cost for a 5 kilowatt solar.

Is solar panels worth the investment ontario.

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. Ontario is ranked the 6 province and territory in the country for solar power. Solar power is at the top of the list. As energy costs continue to climb and the concerns over environmental change continue to grow more and more people are considering clean energy solutions.

The return on a solar investment depends on where you live your roof s features your electric rates and who installs your panels. But the high initial cost of solar panel installation makes many canadians wonder if it is worth the investment. Most property owners can break even on their solar investment in 7 to 8 years. Solar source technician jason breaux is tethered to the roof of a house in dunedin florida during a solar panel installation.

In this article we look at each province and territory to examine if solar panels make sense in your area. Generally solar panels create enough energy to power your whole house. Chris zuppa the penny hoarder you might think that owning a solar system would ensure 24 7 access to electric power even when the grid goes down from hurricanes or other disasters or accidents. More and more.

Contact any solar panel company and they will tell you the cost per watt. Currently many ontario homeowners are installing solar panels but the incentive is a provincial program that pays them high rates for the electricity they generate considerably above market. Though a solar panel system is a substantial investment up front over time it can more than pay for itself. The easiest way to answer the question are solar panels worth it is to use our solar calculator to get an accurate cost and savings estimate tailored to your home and energy usage.

If you live in an area with high energy rates and a suitable solar rating and can afford the initial investment it s worth installing solar panels in your home while the 26 tax break is in. This is a complete solar power guide for ontario including info on solar energy incentives solar power financing solar costs and utility policies.