Solar Cost & ROI Estimator

Estimate system size, net cost after rebates, annual savings, payback period, and ROI.

Planning an off-grid solar system in Canada? Our Solar Cost & ROI Estimator helps you understand potential system sizes, upfront costs after rebates, and long-term savings based on your energy use and location. Make informed decisions about your renewable energy investment with these preliminary calculations.

✓ Data verified from Government of Canada & Energy Hub sources | Last updated: Feb 2026
System Requirements
Auto-filled by province (adjustable based on your specific location)
Cost Components (per Watt)
Typical range: $1.25–$1.75/W
Typical range: $0.40–$0.60/W
Typical range: $0.85–$1.25/W (includes mounting, wiring, permits)
Batteries, monitoring, electrical upgrades, etc.
Financial Parameters
Auto-filled by province (check current programs)
Auto-filled by province (check your utility bill)
Historical average: 2-3% annually
Typical solar panel warranty: 25 years

Annual Full Sunlight Hours by Province

ProvinceFull Sun Hours (h/yr)Solar Potential

Average Installation Cost by Province

ProvinceCost Range ($/W)Notes
Alberta$2.40–$3.01Lowest costs, high solar potential
British Columbia$2.60–$3.27Net metering available
Manitoba$2.60–$3.27Good incentives
New Brunswick$2.60–$3.27Growing renewable interest
Newfoundland & Labrador$4.00+Remote, higher costs
Northwest Territories$3.00–$3.77High electricity rates
Nova Scotia$2.60–$3.27Good coastal potential
Nunavut$4.00+Extreme conditions
Ontario$2.42–$3.05Most competitive market
Prince Edward Island$2.60–$3.27Island logistics
Quebec$2.60–$3.27Low electricity rates
Saskatchewan$2.60–$3.27Excellent solar resource
Yukon Territory$3.00–$3.80Seasonal variation
📊 Cost Data Sources: Installation costs compiled from Natural Resources Canada, Energy Hub, and certified solar installer quotes (2024-2026). Costs include panels, inverters, mounting, wiring, and permits. Updated February 2026.

Provincial Solar ROI Highlights

Understanding your province's unique solar landscape helps set realistic ROI expectations:

Best ROI Provinces: Alberta and Saskatchewan lead with excellent solar resources (1,276-1,330 sun hours/year) and higher electricity rates ($0.135/kWh). Ontario offers strong rebates and mature installer networks. Typical payback: 8-12 years.
Moderate ROI Provinces: British Columbia, Nova Scotia, and Manitoba balance good incentives with moderate sun hours and rates. Coastal BC benefits from net metering programs. Typical payback: 12-18 years.
Challenging ROI Provinces: Quebec has Canada's lowest electricity rates (7.3¢/kWh), extending payback periods despite decent solar potential. Northern territories face high installation costs but offset this with electricity rates up to 55¢/kWh (Nunavut).
Show Calculation Formulas
System Size (kW)
Annual Energy Usage (kWh) ÷ Annual Full Sun Hours (h)
System Size (W)
System Size (kW) × 1000
Equipment Cost ($)
System Size (W) × (Panel Cost/W + Inverter Cost/W + Installation Cost/W)
Total Gross Cost ($)
Equipment Cost + Additional Costs
Rebate Amount ($)
Total Gross Cost × (Rebate (%) ÷ 100)
Net Cost ($)
Total Gross CostRebate Amount
Annual Savings (Year 1)
Annual Energy Usage (kWh) × Electricity Rate ($/kWh)
Total Savings (with rate increases)
Sum of annual savings over analysis period, accounting for rate increases
Simple Payback Period (years)
Net Cost ÷ Annual Savings (Year 1)
Return on Investment (ROI %)
((Total SavingsNet Cost) ÷ Net Cost) × 100

Note: These are simplified estimations. Actual system performance and costs can vary based on specific site conditions, equipment choices, and market fluctuations.

References & Data Sources

All data used in this calculator comes from authoritative Canadian sources:

📊 Cost Data Sources: Installation cost ranges compiled from Natural Resources Canada, Energy Hub Canada, and verified quotes from certified solar installers across all provinces (2024-2026). Alberta costs updated to reflect $2.40-$3.01/W based on latest market data.

Accuracy Disclaimer: Cost estimates, electricity rates, and rebate percentages are subject to change. We update our data quarterly but recommend verifying current rates with your provincial authorities and local installers. Last updated: February 2026.

📊 How We Calculate These Estimates

Our data comes from:

  • Government Sources: Natural Resources Canada (NRCan), provincial energy authorities, utility regulatory boards
  • Industry Data: Energy Hub Canada, Canadian Solar Industries Association (CanSIA)
  • Real Quotes: Average quotes from certified solar installers across provinces (2024-2026)
  • Solar Resource Data: NASA Surface Meteorology and Solar Energy database + NRCan solar maps
  • Electricity Rates: Provincial utility commissions and regulatory boards (verified monthly)

Update Frequency: We review and update our calculator data quarterly to reflect current market conditions, rebate programs, and installation costs.

Note: All estimates are preliminary. Actual costs vary by location, installer, equipment selection, and site-specific factors. Always obtain multiple quotes from certified installers.

Quick ROI Calculator FAQs

How accurate is this ROI calculator?

This calculator provides preliminary estimates based on average Canadian data. Actual costs and savings vary by location, installer, equipment quality, and site-specific conditions. We recommend getting 3-5 quotes from certified installers for precise figures. For more detailed system planning, check our complete solar calculators for panel sizing, battery banks, and inverter requirements.

What rebates are currently available in my province?

Rebate percentages shown are estimates. The federal Canada Greener Homes Grant ($5,000) closed to new applicants in 2024, but the Canada Greener Homes Loan (up to $40,000 interest-free) remains available. Check with your provincial energy authority for current programs, as many provinces offer additional utility-specific rebates with caps around $3,000-$5,000.

Should I include battery storage in my cost estimate?

For true off-grid systems, battery storage is essential and typically adds $8,000-$15,000+ to your total cost. Use the "Additional Costs" field to include battery bank expenses. For grid-tied systems with net metering, batteries are optional but provide backup power during outages. Use our battery bank calculator to determine your exact storage needs based on your daily usage and desired autonomy days.

Why is my payback period longer than expected?

Several factors affect payback: low electricity rates (like Quebec's 7.3¢/kWh), high upfront costs in remote areas, limited sun hours in northern regions, or minimal available rebates. Systems in Alberta, Saskatchewan, and Ontario typically have the best ROI due to higher electricity rates and good solar potential. Consider using our load calculator to identify energy-saving opportunities that can improve your overall ROI.

Can I improve my solar ROI after installation?

Yes! Optimize ROI by: shifting high-energy activities to sunny hours, maintaining panels for peak efficiency, upgrading to energy-efficient appliances, monitoring system performance regularly, and taking advantage of time-of-use electricity rates if available in your area. Proper system sizing is also crucial—use our solar panel calculator and inverter sizing tool to ensure optimal design.

What's not included in these cost estimates?

Typical exclusions: extensive roof repairs, electrical panel upgrades (if needed), tree removal for shading issues, trenching for ground-mounted systems, ongoing maintenance costs, insurance adjustments, and property tax impacts. Always get itemized quotes that clearly specify what's included.

These estimates provide a valuable starting point for your solar journey. For a detailed quote and assessment tailored to your specific property and needs, we recommend contacting a qualified local solar installer. They can provide precise calculations based on a site visit and current equipment pricing.