12 Best Solar Companies in Toronto, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Toronto

For lots of homeowners, the decision to invest in a solar energy system boils down to the cost. There are several factors you should take into consideration when trying to determine how much it will cost and how much you can save, such as:

• How much energy your home consumes: Households that consume a lot of power each month may call for more solar panels and, as a result, be more costly, but will also enjoy more savings over time.
• Incentives: Those who install a solar energy system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $16,000 on your electricity bills over 20 years without incentives.
• Average daily sunlight: Since Toronto doesn't get a lot of average daily sunlight, your solar system may not be able to produce enough energy to power your whole home, which influences how much you can save on your energy bills.
• The kind of solar panels you want to get: More efficient panels have higher prices, so that will affect your budget for your solar project.

Solar is a valuable investment for most homeowners. You can produce your own power instead of paying for it from a utility company and benefit from solar incentives and rebates, all while helping protect the planet.

Solar Incentives in Toronto

Since solar power is a cleaner source of energy than burning fossil fuels, there are quite a few government incentives in place to encourage people to make the switch. State and city solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power systems, in addition to the federal solar tax credit. Our article on solar incentives has more in-depth information on the incentives you can find in Toronto.

Environmental Impact of Switching to Solar in Toronto

An important reason so many homeowners are thinking of adopting solar energy is to help reduce their environmental impact. Something many might be asking themselves is how much can they really help preserve the environment by going solar anyway? No matter where you are, you can help the environment by switching to solar energy, but homes that consume a lot of energy will have an even greater impact. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 80 pounds each year. As you can see, going solar has so many other rewards apart from saving money. One of the most important ones is that you can help save the environment too.