Solar Energy Cost Ontario

Increased integration of wind and solar energy into ontario s electricity grid would shut down coal plants and create 50 000 green jobs in the first three years alone.

Solar energy cost ontario.

How much will solar panels cost for an average ontario customer. Cost of solar power in canada 2020. Renewables will win the future on cost alone. 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.

This was the plan. A 5 kw solar system will produce enough energy to offset up to 75 of the average domestic consumption depending on the system installed and home occupant s habits and will cost around 25 000. As needs grow province wide expensive upgrades and new generation will be needed. The price of electricity is a real issue in ontario.

The median cost per watt for residential solar energy systems has dropped about 70 since 2000. Ontario encourages its residents to use solar to reduce their power consumption. According to the ontario energy board the average ontario household consumes about 9 000 kwhs of electricity per year. 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.

Prices for wind and solar are falling while prices for nukes are projected to rise. 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. 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. However in the last few years price decreases have slowed and are decreasing at a rate of about 5 per year.

The highest fixed electricity costs are in the provinces where the energy markets are competitive alberta and ontario. Ontario enjoys some of the lowest electricity prices in the country but lower prices mean lower savings potential when you switch to solar. Saving with solar in ontario. 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.

While the province enjoys clean generation from hydro plants the supply is limited.