Update on the Economics of Solar Energy in BC

With falling photovoltaic prices and raising utility rates the economics of solar energy in BC have changed significantly since we first started installing back in 2004.

However, we find that some people are unaware of how much it has changed. Often they are relying on outdated information to make decisions.

Equity payback (which takes into account future utility rate increases) can now be fifteen years or less. IRR (internal rate of return) can be anywhere from 3% to 8%.

Below are the financial details for a 8 kW residential system (click on image to zoom in):

And the production details: