Solar Panel Cost Guide in Ontario, OH (Jan 2023)

  • Ontario Solar Installation Cost: $13,798
  • 25-Year Savings: $15,531
  • Payback Period: 11.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Ontario

Find out what the average cost of solar panels are in Ontario.

In Ontario, solar panels cost about $3 per watt on average. The average Ontario homeowner needs a 7.7-kilowatt system, which would cost about $13,798, or $10,211 after the federal solar tax credit of 30% is applied.

The true price you pay can be above or below the average in Ontario depending on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. But, after you've paid the initial cost of installation, the return on investment for most homeowners is usually rewarding, with a net average savings of about $14,000 over 20 years on utility bills.

You can click the button below to get connected with a pre-vetted solar installer in Ontario for a quote for your home.

Solar savings over time in Ontario

Year Return on Investment
1 years $-12,625
3 years $-10,279
5 years $-7,933
7 years $-5,586
9 years $-3,240
11 years $-894
13 years $1,453
15 years $3,799
17 years $6,145
19 years $8,492
21 years $10,838
23 years $13,185
25 years $15,531

Top Solar Installers in Ontario

Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using an installer can make converting to solar power much easier. The payback period of solar panels will vary depending on factors like your location and energy use, but going with a solar installer can shorten it. Your provider will be able to help you apply for incentives available in your area.

There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Ontario

Factors that Affect Solar Panel Costs in Ontario

Although the average cost of a solar system in Ontario is $13,798, your actual cost may differ. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.

Solar Equipment

The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,560. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Ontario average.

Solar Financing Terms

Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Ontario homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your total costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.

Solar Panel Installation Company

The solar installer you select will play a role in your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $2.66 $11,182 $11,673 12.2 years
8 kW $2.61 $14,623 $15,851 12.0 years
10 kW $2.56 $17,920 $20,172 11.8 years
12 kW $2.51 $21,074 $24,637 11.5 years
14 kW $2.46 $24,084 $29,245 11.3 years
16 kW $2.41 $26,952 $33,996 11.1 years
18 kW $2.36 $29,676 $38,891 10.8 years
20 kW $2.30 $32,256 $43,929 10.6 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
  • Contract: Before signing a contract with a solar company, be sure to look it over carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
  • Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Ontario, OH Solar Cost FAQs

What is the average cost of installing solar panels in Ontario?

The average cost of solar panels in Ontario is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Ontario?

Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.

Do solar panels increase how much your home is worth?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Ontario is currently $108,223, which means you can expect a value of about $4,437 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Ontario is a fruitful investment.

How long do solar panels last in Ontario?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.

Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.

Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.

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