Solar Energy Cost Ontario

The price of electricity is a real issue in ontario.

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. 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. 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. Based on a monthly usage of 1 000kwh the average total cost of electricity in ontario is 0 125 kwh this number includes both fixed and variable costs.

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. Renewables will win the future on cost alone. This was the plan. 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. While the province enjoys clean generation from hydro plants the supply is limited. Cost of solar power in canada 2020. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system.

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. Ontario encourages its residents to use solar to reduce their power consumption. The median cost per watt for residential solar energy systems has dropped about 70 since 2000. 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. According to the ontario energy board the average ontario household consumes about 9 000 kwhs of electricity per year. However in the last few years price decreases have slowed and are decreasing at a rate of about 5 per year. 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.

The highest fixed electricity costs are in the provinces where the energy markets are competitive alberta and ontario.