Ontario, in Canada, is known for its rapidly growing renewable energy sector. The Ontario government has set ambitious targets to reduce greenhouse gas emissions and increase the share of renewable energy in the province’s energy mix. Solar energy is one of the key renewable sources that can help Ontario achieve its clean energy targets.
In this article, we will explore the cost of solar panels in Ontario, how to find a solar installer, including installation costs, government incentives, and the benefits of solar power.
Solar Panel Costs in Ontario
When it comes to solar array costs in Ontario, several factors can affect the price of a solar system, such as the size and type of the system, the installation company, and the location. On average, solar panels in Ontario cost between $2.50 to $3.50 per watt, which equates to a total cost of approximately $10,000 to $35,000 for a standard 5 kW residential solar array.
However, it is essential to note that the cost of solar panels has decreased significantly over the past decade due to advances in solar technology, increased production capacity, and economies of scale. According to the National Renewable Energy Laboratory (NREL), the cost of solar panels has decreased by more than 70% since 2010, making solar energy more affordable and accessible for homeowners and businesses.
Other Costs Associated With Installing a Solar System
Installation Cost
This includes the cost of labor, permits, and equipment required to install the solar panels.
Inverter Cost
A solar inverter is a device that converts the DC electricity generated by solar panels into AC electricity that we can use in homes or businesses. A solar inverter can range from $1,000 to $3,000, depending on the size and type of the solar system.
Battery Storage Cost
Battery storage systems allow homeowners to store excess solar energy generated during the day for use at night or during power outages. The cost of a battery storage system can range from $5,000 to $15,000, depending on the size and capacity of the system.
Government incentives
The Ontario government offers several incentives and programs to encourage homeowners and businesses to invest in solar energy. These incentives include:
Net Metering
Net metering allows homeowners with solar panels to sell excess energy generated by their solar system back to the grid. It can help offset the cost of electricity and reduce energy bills.
Feed-in Tariff (FIT) Program
The FIT program encourages the development of renewable energy projects in Ontario. Under this program, homeowners and businesses can sell the energy generated by their solar system to the Ontario Power Authority at a fixed rate for 20 years.
Green Energy Act
The Green Energy Act was introduced in 2009 to promote renewable energy development in Ontario. The act provides financial incentives, streamlined approvals, and priority access to the grid for renewable energy projects.
Canada Greener Homes Grant
The Canada Greener Homes Grant is a federal program that provides homeowners up to $5,000 to make energy-efficient home upgrades, including installing solar panels.
Benefits of Solar Power System
Investing in solar power provides numerous benefits for homeowners and businesses. One of the most significant benefits is cost savings. With the installation of solar panel systems, energy bills can reduce, resulting in long-term cost savings. Homeowners can save an average of $100 to $150 per month on their energy bills, as reported by the National Renewable Energy Laboratory (NREL). In addition to cost savings, solar incentives offered by the government can further reduce the upfront costs of solar panel installation.
Another significant benefit of solar power is its positive impact on the environment. Solar energy is a renewable energy source that produces zero greenhouse gas emissions. By investing in solar energy, homeowners and businesses can help mitigate the impact of climate change and reduce their carbon footprint. Given the increasing demand for energy usage and the pressing need to transition to sustainable sources, it is crucial.
Solar power also provides energy independence and reliability. With the installation of solar arrays, homeowners and businesses can generate their electricity, reducing their dependence on the grid and increasing energy reliability. That can be particularly useful in areas prone to power outages or energy price fluctuations.
Investing in solar power can also increase the value of a property. According to NREL, homes with solar panels sell for an average of 4.1% more than homes without solar panels. In addition, having a solar installer set up the solar panel systems professionally can assure potential buyers of the home’s high quality and energy efficiency.
Finally, investing in solar power can help support job creation and economic growth. The renewable energy sector in Ontario is rapidly growing, creating job opportunities and generating over $1.5 billion in economic activity annually, as reported by the Pembina Institute. By investing in solar power, homeowners and businesses can contribute to the growth of the renewable energy sector and support job creation.
Choosing the Right Solar Panel Installer
When choosing a solar panel installer, it is essential to research and select a reputable company with a proven track record of success. Here are some factors to consider when choosing a solar panel installer:
Experience
Look for a company with experience installing solar panels in Ontario. A reputable company should be able to provide references and examples of previous installations.
Licensing and Certification
Ensure the company is licensed and certified to install solar panels in Ontario. It ensures they have the knowledge and expertise to complete the installation safely and effectively.
Warranty
Look for a company that offers a warranty on their installation work and the solar panels themselves. It provides peace of mind and ensures they will promptly and professionally address issues.
Customer Service
Choose a company that values customer service and is responsive to your needs and concerns. A reputable company can answer your questions and offer to guide you through the installation process.
Conclusion
Investing in solar energy is a smart choice for homeowners and businesses in Ontario. The cost of solar panels has decreased significantly over the past decade, making solar energy more affordable and accessible. In addition, the Ontario government offers several incentives and programs to encourage the development of renewable energy projects.
The Most Frequently Asked Questions About Solar Panel Costs (Ontario)
How Many Solar Panels Do You Need to Run a House In Ontario?
The number of solar panels needed to run a house in Ontario depends on the house’s size and the occupants’ energy needs. For example, a typical 3-4 bedroom home in Ontario requires a solar panel system with a capacity of 5-6 kW, which typically includes 15-20 solar panels. However, it is essential to note that the number of solar panels required may vary depending on factors such as roof size, shading, and orientation.
Do Solar Panels Cause Roof Leaks?
Proper installation by a qualified installer should not cause roof leaks. However, if they install improperly, they can damage the roof and potentially leak. That is why choosing a reputable installer with experience in solar panel installation is essential.
What Are The Benefits of Solar Panel Installation in Ontario
The benefits of solar panel installation in Ontario include the following:
- reduced energy costs
- decreased carbon footprint
- increased property value
- energy independence
- job creation in the renewable energy sector
How Can We Reduce Our Solar Panel Cost?
There are several ways to reduce the cost of solar panel installation in Ontario, including taking advantage of government incentives and programs, purchasing high-quality equipment that will last longer and require less maintenance, and choosing a reputable installer that can provide competitive pricing.
What Is the Average Cost of Installing Solar Panels in Ontario?
The average cost of installing solar panels in Ontario ranges from $10,000 to $25,000, depending on the size of the system, equipment used, and installation costs. However, this cost can reduce through government incentives and programs.
Is It Worth Installing Solar Panels in Ontario?
Yes, it is worth installing solar panels in Ontario. Solar panels can save homeowners and businesses money on energy bills, reduce their carbon footprint, increase property value, and support job creation in the renewable energy sector.
What Other Factors Affect the Cost of Solar Panels for Your Home?
Other factors that affect the cost of solar panels for your home include:
- the size and orientation of your roof
- the type and quality of solar panels and equipment used
- the installation’s complexity
- the installer’s qualifications and experience
Are Solar Panels Worth It for Commercial Buildings?
Yes, solar panels are worth it for commercial buildings. Solar panels can help businesses save money on energy costs, reduce their carbon footprint, and demonstrate a commitment to sustainability to their customers and stakeholders.
How Many Solar Panels Are Enough for a Commercial Building?
The number of solar panels needed for a commercial building depends on the size of the building and the energy needs of the business. A typical commercial building may require a solar panel system with a 50-100 kW capacity, including hundreds of solar panels.
How Do You Size a Commercial Solar System?
A commercial solar system is sized based on the energy needs of the business and the available roof space. A qualified installer can perform a site assessment and energy audit to determine the appropriate system size and equipment needed.
Is There a Difference Between Commercial and Residential Solar Panels?
Commercial and residential solar panels are the same regarding technology and performance. However, commercial solar panels are typically more extensive and powerful, with a higher capacity to generate energy. Additionally, commercial installations may require different mounting and racking systems to accommodate larger and heavier panels.
