Posted July 26, 2020 by FunnelEdge
The cost of making the switch to solar has gone down over the years, making it a more affordable option for homeowners. Using a renewable, sustainable energy source will reduce your energy bills over time and reduce your carbon footprint too.
Several factors come into play when determining the cost of installing a residential solar system. These factors include the size of the system required to power your specific home, the complexity of the installation is, and the power costs in each province and territory.
Solar panels prices are calculated in dollars per installed watt ($/W). Low-cost wattage is ideal. The prices vary depending on where you live in Canada. The cost of installation also varies, depending on the contractor and the size or complications of your installation.
First, you need to determine the size of your system, which is your yearly home energy use (kWh) divided by the annual average of solar hours (h). Once you’ve determined the size, multiply it by the cost per installed watt in your province. That will give you your solar system cost estimate.
Energyhub.org has done some of the work for you. These are estimates only, but it breaks down the cost of solar panels for each province per installed watt based on average system sizes and current installed watt costs in each province and territory.
· Alberta: $2.51-$2.77
· British Columbia: $2.54-$2.69
· Manitoba: $2.63-$2.90
· New Brunswick: $2.65-$3.24
· Newfoundland & Labrador: $3.53-$4.31
· Northwest Territories: $2.43-$2.68
· Nova Scotia: $2.74-$3.35
· Nunavut $4.00+
· Ontario: $2.34-$2.59
· Prince Edward Island: $2.73-$3.33
· Québec: $2.56-$2.83
· Saskatchewan: $2.64-$3.22
· Yukon: $2.77-$3.38
A certified solar installer can help you determine what installation would cost based on all the factors mentioned above, including the solar cost estimate calculation using more accurate data. The best place to start is by contacting a reputable and experienced solar energy system installer in your city. A solar company will give you the most accurate quote and solar panel cost. Read more about calculating solar panel cost in Canada.
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