Is Solar Panels Worth The Investment Ontario

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.

Is solar panels worth the investment ontario. 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. In this article we look at each province and territory to examine if solar panels make sense in your area. Factors like electricity rates solar panel system cost and financing method all play into how worth it solar will be for you. As energy costs continue to climb and the concerns over environmental change continue to grow more and more people are considering clean energy solutions.

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. Charlebois said the average cost for a 5 kilowatt solar. 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. Contact any solar panel company and they will tell you the cost per watt.

While wind and water have their merits solar is by far the most accessible and is becoming increasingly popular with homeowners. 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. This is a complete solar power guide for ontario including info on solar energy incentives solar power financing solar costs and utility policies.

Generally solar panels create enough energy to power your whole house. Though a solar panel system is a substantial investment up front over time it can more than pay for itself. 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.

More and more. Ontario is ranked the 6 province and territory in the country for solar power.