Solar Energy Cost Ontario

Renewables will win the future on cost alone.

Solar energy cost ontario. How much will solar panels cost for an average ontario customer. It is unlikely that we will see steep or sudden falls in pricing again because at the wholesale level individual solar panels are now only. Saving with solar in ontario. Prices for wind and solar are falling while prices for nukes are projected to rise.

Apart from the three territories where net metering size limits are all under 15kw quebec is the only province where the size limit is less than 100kw it has a limit of 50kw. However in the last few years price decreases have slowed and are decreasing at a rate of about 5 per year. The price of electricity is a real issue in ontario. The highest fixed electricity costs are in the provinces where the energy markets are competitive alberta and ontario.

Based on a monthly usage of 1 000kwh the average total cost of electricity in ontario is 0 125 kwh this number includes both fixed and variable costs. This was the plan. While the province enjoys clean generation from hydro plants the supply is limited. The median cost per watt for residential solar energy systems has dropped about 70 since 2000.

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. Finally we look at the prices of wind and solar power in the future compared with price forecasts for nuclear power from ontario power generation. Ontario enjoys some of the lowest electricity prices in the country but lower prices mean lower savings potential when you switch to solar. 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.

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. According to the ontario energy board the average ontario household consumes about 9 000 kwhs of electricity per year. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system. As needs grow province wide expensive upgrades and new generation will be needed.

Ontario encourages its residents to use solar to reduce their power consumption.