Do Solar Panels Make Sense In Ontario

According to the ontario energy board the average ontario household consumes about 9 000 kwhs of electricity per year.

Do solar panels make sense in ontario.

If you are interested to learn how much solar panels cost in ontario and if solar panels make sense for your own house or property fill out a request form and we ll get back to you withing 24 hours. This is a complete solar power guide for ontario including info on solar energy incentives solar power financing solar costs and utility policies. Instead through the magic of net metering the surplus solar at mid day is pushed out onto the grid. Imagine fields of panels soaking up solar rays in sunny countries like mexico india costa rica and you might be left wondering if solar makes sense in ontario during the cold dark snowy months.

How much will solar panels cost for an average ontario customer. The cost to install solar panels has fallen by more than 50 in the past 5 years which further reduces the solar panel payback period. It does not make sense if you are an environmentalist and are worried about the end of the world as we know it there are other much more environmentally effective friendly things to do with the money that would be invested in a solar pv system in ontario. Having small deep cycle batteries as backup for the solar panels might be an expensive necessity at possum lodge but in suburban north america that type of installation doesn t make a lot of sense which is probably why almost nobody does it.

The payback period to recoup the cost of the system would simply be too lengthy. 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. How are you financing your solar panel system. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands.

Ontario is ranked the 6 province and territory in the country for solar power. While solar leases and power purchase. It just wouldn t make economic sense assuming you own rather than lease the solar panels. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.