Solar Payback Period in New Brunswick
Estimated payback, savings, and ROI for a residential solar system in New Brunswick — all figures in Canadian dollars, updated for 2026.
Payback Period
19.5 yrs
25-Year ROI
28%
Annual Savings
C$1,211
System Cost
C$23,600
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Payback by System Size in New Brunswick
| System Size | Cost (CAD) | Production | Annual Savings | Payback |
|---|---|---|---|---|
| 4 kW | C$12,550 | 4,395 kWh | C$606 | 20.7 yrs |
| 5 kW | C$15,313 | 5,493 kWh | C$757 | 20.2 yrs |
| 6 kW | C$18,075 | 6,592 kWh | C$908 | 19.9 yrs |
| 7 kW | C$20,838 | 7,691 kWh | C$1,060 | 19.7 yrs |
| 8 kW(typical) | C$23,600 | 8,789 kWh | C$1,211 | 19.5 yrs |
| 10 kW | C$29,125 | 10,987 kWh | C$1,514 | 19.2 yrs |
Cost model includes a fixed installation overhead that does not scale with system size, so smaller systems pay back a little slower. Savings assume the full retail rate; see the net-metering note above for where New Brunswick pays less on exports.
New Brunswick Solar Data
- Average Cost/Watt
- C$2.95
- Average Utility Rate
- C$0.138/kWh
- Peak Sun Hours
- 3.5 hrs/day
- Typical System
- 8 kW
Sources: NB Power residential rates; NREL PVWatts irradiance. Data as of 2026-07-01. Verify program availability before purchase decisions.
Programs and Incentives in New Brunswick
- NB Power net metering (retail credit)
There is no federal purchase credit for residential solar in Canada; the list above is what remains at the provincial or utility level.
Frequently Asked Questions — Solar in New Brunswick
How long is the solar payback period in New Brunswick?
A typical 8 kW residential system in New Brunswick pays for itself in about 19.5 years at an average rate of C$0.138/kWh and 3.5 peak sun hours per day. NB Power net metering credits exports at retail rate, with annual true-up.
How much do solar panels cost in New Brunswick?
An installed 8 kW system costs roughly C$23,600 (about C$2.95/W) before any provincial or utility incentives listed below. There is no federal purchase credit in Canada, so local programs and your export rate drive the real payback.
Is solar worth it in New Brunswick?
With a 19.5-year payback and 28% estimated 25-year return at current rates, solar in New Brunswick ranks 8 of 13 provinces and territories on payback speed in our model. High-rate provinces pay back faster regardless of sun hours.
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