Residential Solar Panels Ontario Cost

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.

Residential solar panels ontario cost.

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. 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. 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.

Cost of solar power in canada 2020. The average cost of installed residential solar power systems is currently 2 60 per watt. 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. Solar panels typically cost in the range of 8 to 10 dollars per kilowatt of power they are capable of providing.

That same kilowatt of power when bought from your local utility company costs in the range of 8 to 10 cents. The current average price range in ontario is about 2 34 2 59 kwh.