How much does it cost to install solar panels in Canada?
Calculating your total cost is as easy as multiplying the size by the cost per installed watt. This means that a 5 kW solar power system will cost approximately $10,000 to $25,000 depending on a variety of factors.
In any case, the question that you need to ask your installer is, “How much do you charge per installed watt?”. And that’s the price that you use to compare companies.
Here is how much we estimate that it costs to install solar panels by province:
Size of System
Calculating the size of solar power system that you need is the first step towards figure out the exact cost of your system.
The size of your system depends on the amount of energy that you use during the course of a year.
You’ll need to figure out how much energy you use in a year (in units of kWh) by adding up the amount shown on your power or hydro bill for 12 consecutive months. Taking one month and multiplying by 12 won’t work because your energy use fluctuates depending on the season!
All electricity bills are slightly different, but take this one from Manitoba Hydro as en example. You can easily see that this customer used 86 kWh in the month of October.
After you know how much energy you use, you can easily calculate the size of the solar power system that you’ll need by using the following equation:
Size of system needed = yearly energy use (in kWh) / 1,132h
(where 1,132h equals the annual average equivalent of full sunlight hours in Canada)
So let’s pretend you added up your power bills and determined that you use 10,000 kWh in the course of a year, you would then do the above calculation and determine that you need a 8.83 kW solar panel system!
10,000 kWh / 1,132h = 8.83 kW
Note: If you want a more accurate estimate of sunlight hours that you get in your province, you can take the number on the chart below and divide it by 5:
For example, Saskatchewan would get about 1336 hours of equivalent full sunlight per year (6678/5) and Newfoundland and Labrador would get about 942 hours of equivalent full sunlight per year (4713/5).
Keep in mind that this is only a rough estimate. The size if your system may change depending on the angle your panels are installed at, the amount of shading that your system receives, and the amount of sunlight that your specific city gets. But not to worry…
If you get a free estimate, our partner installers can create a 3D model of your house, build in shading elements like trees or neighbouring buildings, and then use weather data from the closest weather station to calculate an extremely accurate estimate of how much energy your system will produce!
There are a number of other factors that play into to the total cost of your system.
Rebates & Tax Credits
Many provinces have rebates, tax credits, and other incentives available to decrease the initial cost of your system.
Most provinces also have what is called Net Metering. This is a program that credits you for the energy that you produce (reducing your power bill to near zero), and in some cases, even paying for excess power that you produce.
But not all provinces have rebates or net metering programs, and each province’s program varies slightly. The best thing that you can do is contact a local installer or check out your Provincial Solar Guide Here.
Believe it or not, installation price isn’t everything. There are a number of factors that go into how profitable a system can be, even the cost of electricity in your area.
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