Solar panels cost. Do they worth the investment?
The initial solar installation will cost money, but it will pay itself off through significant utility bill reductions and eliminations. A well-planned installation allows you to know your investment breakeven point. As a rule of thumb, solar panels last about 25-30 years (the product warranty is 25 years), and if it can be paid off with the energy savings in about 10 years, it may be worth the investment. On average, homes in Edmonton will need around 10 - 25 solar panels and the cost is between $10,000 to $25,000 supply and install.
The City of Edmonton offers a solar rebate program, which covers $0.4 per watt. So, for a house that consumes 7,500 watt annually, then the rebate will be $3,000.
In addition, Canada Greener Homes Grant pays up to $5,000 on top of the City of Edmonton rebate. Click Here for grant detail.
Should I replace my roof before installing solar panels?
Always consider a new roof before installing solar panels.
Solar panels will last for at least 25 years. Roofing shingles, on the other hand, last between 15 to 20 years on average.
Roofing problems will likely stop the solar project in its tracks and may cost you a lot more in the long run. If your roof is damaged or old & fragile, you must deal with that problem first.
Thinking to get roofing and solar quotes? Contact us today at 780-246-7597.