Are Solar Panels Worth It?

alberta solar project

The Canadian solar panel community has grown steadily in recent years and is still growing as more homeowners and businesses are recognizing the benefits of solar energy and are investing in solar panels for their energy needs. But for those who live in Canada where winters are cold and dark, questions remain: are solar panels worth the price?

Are Solar Panels Worth the Price?

The short answer is YES, solar panels can be a worthwhile investment for those living in Canada. According to data from Natural Resources Canada, Edmonton receives an average of 2,300 hours of sunlight per year, which is equivalent to about 6.3 hours of sunlight per day. This makes it an excellent location for those seeking to generate clean and renewable energy.

If this still is not enough to convince you to switch to solar, the next part of the blog will talk about the benefits of installing solar panels in your commercial building or your home and the cost of solar panels in Canada to help you answer the common question “are solar panels worth it in Canada?”.

Are Solar Panels Worth it

Benefits of Solar Panels

With an abundance of sunshine and a growing interest in renewable energy, there are many reasons why homeowners and businesses should consider making the switch to solar power. In this blog, we will outline the top benefits of solar panels.

  • Reduced energy bills
  • Renewable energy
  • Increased property value
  • Government incentives
  • Reduced carbon footprint
  • Energy independence
  • Long lifespan

Cost of Solar Panels

The cost of installing solar panels varies depending on several factors, including the size of the installation, the type of panels used, and the complexity of the installation. On average, the cost of a residential solar panel installation in Edmonton can range from $10,000 to $20,000, with commercial solar panel installation costing significantly more.

The initial cost of installing solar panels may seem high, but it’s important to note that there are ways to offset those costs and make solar power more affordable for homeowners and small business owners. For example, government incentives and rebates can help reduce the cost of installation, as can net metering, which allows homeowners and businesses to sell excess energy back to the grid and offset their energy bills.

Solar Incentives and Rebate

In Alberta, homeowners and businesses can take advantage of the provincial government’s solar rebate program, which provides up to $0.75 per watt for residential solar panel installations and up to $0.90 per watt for commercial solar panel installations. This rebate can significantly reduce the upfront cost of installation and make solar power more accessible to more people.

Check out this page Solar Rebates in Alberta for more information.

Ready to get started?

Overall, solar panels can be a smart investment for Canadians looking to reduce their energy bills, decrease their environmental footprint, and potentially earn money through government incentive programs.

Ready to install solar panels for your residential or commercial building? Contact Gridworks Energy today to get a free quotation.


You might also like: