By the Numbers
System Production
1,139 kWh / kW / year
Power Purchase Rate
80.2 cents / kWh
System Performance Degradation
0.5% / year
Utility Account Fees
$5.25 / month
Insurance
0.2% of System Cost
Inflation
2%
Competitive Financial Returns
Solar is a long term, low risk investment. Here’s how a $20,000 solar investment
compares with the market.
Low Risk Product
|
Rate of Return
|
Annual Pre-Tax Income
|
High-Interest Savings Account
|
3.15%
|
$630
|
3 Year Non-Cashable GIC
|
3.40%
|
$680
|
Low Cost Savings Bond
|
4.20%
|
$840
|
2 kW Solar PV System
|
6.40%
|
$1717
|
Yearly returns on Solar in this case are 8.5%, but the System depreciates, so the average return is corrected to 6.4%. Details.
Adapted from the Investor Education Fund website, established by the Ontario Securities Commission (OSC) available here.
Solar figures include operating costs and system payback, based on real costs and production numbers from the GTA.
Additional Benefits
- Solar Income is Not Taxed for Over A Decade*
- Solar Systems Generate Power for 40 Years
*Want more info on the costs and benefits of solar? Click here.
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By the Numbers
A 2kW system will offset 1.4 tonnes of CO2 emissions annually, equivalent to
- 229 liters of gasoline
- 1,943 km of driving
- 163 acres of forest carbon caputre
Environmental Benefits
Generate Clean, Renewable Power
- Solar electricity production generates no harmful emissions
Generate Your Power Where It's Used
- Avoid the need for more transmission lines, which lose 5% of the power they carry
Offset Peak Demand
- Solar generates power during peak hours where demand is otherwise met by coal and
natural gas generation
By the Numbers
- The new green economy in Ontario is expected to create 50,000 new jobs in the next 10 years.
- 110 solar pioneers invested in solar with marginal economics and helped spur the Green Energy Act, which doubled their solar income
Social Benefits
Job and Wealth Creation in Ontario
- Investing in your community by putting money back into your home and supporting Ontario
products and labour
Walking the Walk
- Decisive action by ordinary Ontarians has proven the best method for increasing
the uptake of renewable power