A CASE FOR SOLAR IN ONTARIO
Ontario has some the highest residential and commercial electricity pricing in North America and the cost of solar has dropped substantially making Ontario the most cost effective jurisdiction in to install solar to produce your own energy.
Between 2006 and 2016 electricity rates rose by over 150%. See chart below. The average family in Ontario will spend between $85,000 to $200,000 for their electricity over a 30 year period. What would you do with that money instead of giving it to the hydro company. Alternatively, you could install a custom engineered solar electric system and produce the exact same electricity for over thirty years.
In 2017 the Ontario Government Introduced the Fair Ontario Hydro Plan reducing household bills by 25% with rate increases held to the rate of inflation until 2021. Ontario's Financial Accountability Office (FAO) estimates bills will go up 6.8% annually from 2021-2028, that is an increase of almost 50% in 7 years. From 2028 onwards ratepayers start to pay back the estimated 45 billion dollars used to subsidize hydro bills through the Fair Ontario Hydro Plan.
Even if you move within 5 years you will still be able to recoup most of the system cost due to the increased resale value of your home.
Many homes are not a good fit with solar due to obstructions, shading, surrounding homes/buildings, roof design and orientation. Find out if you are one of the lucky ones with a free site assessment.