Is Solar Panel Worth It In Quebec

Cost of solar power in canada 2020.

Is solar panel worth it in quebec. 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. 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. But the high initial cost of solar panel installation makes many canadians wonder if it is worth the investment. And up until recently there were not really any financial programs to make solar panels more affordable.

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. The average installation cost of solar power in canada is 3 01 watt or 22 500 for a 7 5kw system. Contact any solar panel company and they will tell you the cost per watt. 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.

With the lowest retail electricity prices in the country due to abundant hydro electricity in the province quebeckers don t generally think of solar electricity as a good option. In this article we look at each province and territory to examine if solar panels make sense in your area.