Toronto Solar
Is Solar Worth It In Toronto In 2024? Three Reasons It Took Off
When we recorded this in late 2023, solar was growing quickly across Ontario. Here are the three reasons we gave, with context on how the picture has moved since.
When we recorded this in late 2023, solar was growing quickly across Ontario. Here are the three reasons we gave, with context on how the picture has moved since.
Watch on YouTube: Is Solar Worth it In Toronto, Ontario Canada in 2024? · Published November 9, 2023 · Subscribe to Terawatt Solar
Toronto gets plenty of sun. The myth that solar does not work in Canada ignores the long summer days and shoulder seasons, whose production more than makes up for the darker winter months. Our post on whether solar panels work in winter goes deeper.
At the time, the Canada Greener Homes program offered an interest-free loan and a grant of up to $5,000 for solar, and net metering let customers bank credits for summer overproduction and use them in winter. That combination shortened payback and reduced the upfront burden. The Greener Homes grant has since ended, and today's main provincial program is the Home Renovation Savings Program.
The video noted that Ontario electricity prices had climbed more than 20 percent in the previous year and about 40 percent since 2019, and that over 33,000 solar installations had been completed across Ontario to date. Both figures reflect late 2023, and rates have continued to move since. See is solar worth it in Ontario for a current answer.
