Is Solar Panel Worth It In Quebec

In this article we look at each province and territory to examine if solar panels make sense in your area.

Is solar panel worth it in quebec.

The answer depends on many factors including where you live how much roof space you have if your roof is shaded how much power you use what your local utility charges you for electricity and the prices offered by. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system. Gareau said he was promised a 70 per cent reduction in his hydro québec bill if he bought 15 solar panels and a heat pump. In fact the cost of electricity in québec is so low that the savings do not allow solar power generators to recoup their initial investment for at least 30 years.

But the high initial cost of solar panel installation makes many canadians wonder if it is worth the investment. 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. Cost of solar power in canada 2020. The main obstacle to the widespread use of solar panels in québec is the substantial upfront costs combined with limited yearly savings.

And up until recently there were not really any financial programs to make solar panels more affordable. With the 26 federal tax credit reducing at the end of 2020 millions of american homeowners are asking themselves whether or not installing solar panels is worth it this year.