The average solar PV system installed on a home in Alberta is about 6kw

 

Costs to install: 1kw = $2500

      $2500 x (6kw) = $15,000.00

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Government Grant applied @ $1000.00/kw up to $5000.00 

      $15,000.00 - $5000.00 = $10,000.00

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Cost to install 6kw solar PV system

$10,000.00

What is the return on a (6kw) $10,000.00 solar PV system?

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Lets look at 25yrs!

 

A solar system installed in Alberta will generate about 1 kw/1300 kwh/yr

      6kw x 1300kwh/yr = 7800kwh/yr   

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Solar has a life span of 30+yrs with a 25yr warranty

      25yrs x 7800kwh/yr = 195,000kwh 

 

Average price today for energy from a provider is

~10 cents/kwh. (Increasing & fluctuating yearly)

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Average rate for the $10,000.00 (6kw System) over 25 yrs @ 195,000kwh

      $10,000.00/195,000kwh = 5 cents/kwh  

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5 cents/kwh

 

Remember we said its like owning your own power plant!!

The rate of ~5 cents/kwh on the 6kw solar PV system does not increase or fluctuate.

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