Is $26,000 to install a solar panel system with battery storage a fair price?
Project Details
I am looking into solar as a newbie because there is a $5,000 rebate for panels and a $5,000 rebate for batteries available in Canada. I did the math with a consultant, and the combined panel and battery system would cost $26,000 net of rebates. Based on the electricity bill savings, it would not pay itself back for 20 years, which makes the residual value questionable. I also factored in an interest-free loan, and it still wouldn't pay itself back. Just the panels offer a better return because the battery doesn't save much more on the electricity bill, despite ultra-low night rates here. We never lose power in this city, so I'm questioning the rationale for home batteries.
Quote Details
This quote is for the installation of a solar panel system with an accompanying battery storage solution. The price reflects the cost after applying available rebates. - System Components: Solar panels, Battery storage
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More Details
Category
Solar
Price
$26,000
Quote Date
August 11, 2025
Battery Storage?
No
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