At the moment we have been able to get our monthly consumption down to 500 KWhr/mo or 6,000 KWhr per year. To have an idea of cost to install Solar panels on our house as part of the Ontario Micro-FIT program that pays us 31.1 cents* (subject to change) for every KWhr we produce we obtained the below quote from a local installer for 21 - 280 watt Solar panels that would generate 7,290 KWhr / year = $2,267 / year income
I was surprised by the Total cost of $22,494.45 including Tax (+ Hydro Connection fee of $1,525.50) since it was $60,000+ 8 years ago when we first looked into the MicroFit Program. At that time Contracts were being signed for 80 cents per KWhr.
This quote does not include any batteries since it is Grid tied. I was told that I can later tie this system directly into my house to provide power I will need to get a quote for that also .... Stay tuned.
These are the Solar Panel Specifications: http://www.canadiansolar.com/fileadmin/user_upload/downloads/datasheets/v5.4/Canadian_Solar-Datasheet-CS6K-M_v5.4C2en.pdf