Is $14,000 to install a 6kW solar system a fair price?
Project Details
I am looking for a realistic solar payback time for a 6kW system that costs $14,000. My house uses 5600 kWh per year, and I pay 13c a kWh. Every solar company quote gives approximately a 5-year payback estimate, but I am figuring more like 10 years, which I’m fine with. I am in Canada, so 0% financing on solar is available through the Canada Greener Homes program. I will apply for the loan independently and recoup the money after the system is installed, rather than using a bridge loan. My last bill was $191 for 364 kWh, which includes about $30 in set charges that don’t change with usage. I have room for a system double this size, but it’s regulated based on how much I consumed the previous year. I wish I had done this when they also gave the $5k grant, but I believe the install price has come down since then.
Quote Details
This quote is for the installation of a 6kW solar system. - System Size: 6kW - Panel Orientation: All panels face south - Sun Exposure: Unobstructed sun - Estimated Annual Production: Expected to produce more than 5600 kWh/year (homeowner's current usage)
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More Details
Category
Solar
Price
$14,000
Quote Date
August 11, 2025
System Size (kW)
6
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