What happens next?
Your request will be automatically matched with the top installer(s) in your
area.
The installers will contact you with price options and will be happy to answer
any questions you may have about solar cells and home batteries.
You can also talk to the installers who contact you about special interest-free
loans where you pay up to zero in advance.
Many municipalities offer such loans to encourage the use of renewable energy. In
addition, Natural Resources Canada (NRCan) provides support for installations of
solar panels, including through various financial incentives that can get up to
$10,000.
Positive cash flow
The average payback period for residential solar installations typically ranges
from 4 to 10 years, depending on factors such as:
Location: The availability of sunlight affects energy production.
Incentives: Tax breaks and government rebates reduce costs significantly.
Energy costs: Higher electricity prices will shorten the payback period.
System size and cost: The size of the installation and the initial investment
play an important role. Installers will advise on what is best suited for your
home.
Energy usage: Your household’s energy usage affects the savings.
After the payback period, homeowners can enjoy 15-20 years of reduced electricity
bills and increased home value.
Government rebates
Government rebates, tax breaks and local incentives are still in place, but it’s
possible that this will change within 12 months or even less. Therefore, don’t
wait too long and purchase your solar system in time, so you can enjoy those
incredible benefits.