Is Solar Panel Worth It In Quebec

The main obstacle to the widespread use of solar panels in québec is the substantial upfront costs combined with limited yearly savings.

Is solar panel worth it in quebec.

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. That cost him 36 000 through a 10 year financing plan. Contact any solar panel company and they will tell you the cost per watt. 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.

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. But the high initial cost of solar panel installation makes many canadians wonder if it is worth the investment.

Cost of solar power in canada 2020. 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.