Average Cost Of Installing Solar Panels 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.

Average cost of installing solar panels in ontario.

You can calculate your total system costs with the following equation. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. 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. You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel.

The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. System cost size of system needed x cost per installed watt. Each one has its own pros and cons from price to efficiency. 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.

There are three types common in the residential market. 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. The average cost of installed residential solar power systems is currently 2 60 per watt. Solar panels typically cost in the range of 8 to 10 dollars per kilowatt of power they are capable of providing.

Sean flanagan owner and technician at the ontario based flanagan and sun estimated that the cost of installing a 10 kilowatt system the most common capacity on an average sized home would. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system. 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. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt.

A typical 6kw system costs 11 544 after claiming the 26 solar tax credit.