How big is the solar industry in Canada?

In Canada there are approximately 40,000 rooftops with installed solar.  But there are 7,500,000 single

detached houses!  There is still A LOT of room for growth!  

 

The top 5 solar generating countries

  • China - 60% year over year growth in 2020

  • USA - 42% avg. annual growth rate for the past 10 years

  • Japan - Installed 71GW of solar

  • Germany - Installed 4.9 GW in 2020

  • India - Installed 4.4 GW in 2020

 

What's the potential in your province?

In PEI we have now secured 3.6% of the potential market of all single detached houses as of Jan 2022.  This just continues to grow!

 

Have a look at your potential markets calculated at just 2.8%: 

 
 
 


How Canada compares

UK and Germany have 20 X more solar rooftops than Canada currently.  Yet they receive less light on average.(2)

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UK - 1,500 yearly hours(3)

Germany - 1,600 yearly hours (4)

Canada - 2,000 yearly hours (5)

 
 
 

Installation costs have continuously been going down

In 2009 the average cost of a solar installation was $8.50 per watt

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By 2020 the average cost of a solar installation was $2.81 per watt

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This means for a 9kW system the price dropped from $76,000 to $25,000 making it far more affordable for the average consumer.