What is the average cost for a solar installation for a home?
An Ontario homeowner might install a residential-scale solar PV project of about three kilowatts (which would typically equal about one-third of the homes electricity consumption). The cost would be around $25,000 (the general rule of thumb cost for PV panels is $10 per watt). This investment could result in microFIT Program payments of about $7 per day, or about $2,500 per year for the homeowner.
