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Solar Calculator Thunder Bay — 2026 Savings Estimate

Thunder Bay receives 2,121 sun hours/year. See how much you can save with solar panels powered by Thunder Bay Hydro electricity rates.

2,121

Sun Hours/Year

$165/mo

Avg Electricity Bill

Thunder Bay Hydro

Primary Utility

7 kW

Avg System Size

Solar Energy in Thunder Bay, Ontario

Thunder Bay is well-positioned for residential solar energy. Thunder Bay receives about 2,121 hours of bright sunshine per year, based on the Environment Canada 1981 to 2010 climate normal for the Thunder Bay station. With an average monthly electricity bill of $165 from Thunder Bay Hydro, homeowners can see significant savings by going solar.

A typical 7 kW solar system in Thunder Bay produces approximately 8,600 kWh per year (system size × 14% capacity factor × 8,760 hours in a year), enough to offset a significant portion of average household electricity consumption. You can verify solar potential for your specific address using the NRCan Photovoltaic Potential Map.

The primary utility in Thunder Bay is Thunder Bay Hydro, serving the majority of residential customers. Ontario's time-of-use pricing means solar savings vary by time of day, with peak period offsets providing the highest value. Rates are set by the Ontario Energy Board (OEB).

Individual homeowners are not eligible for the federal Clean Technology Investment Tax Credit (limited by the Canada Revenue Agency to taxable Canadian corporations and REITs). With provincial and municipal incentives, solar panel payback periods in Thunder Bay are typically 10 years on average, with 15+ years of production beyond that.

Electricity Rates in Thunder Bay

Utility ProviderThunder Bay Hydro
Average Rate14.0¢/kWh
Rate Structuretime of-use
Average Monthly Bill$165

Learn more about connecting solar with your utility: Hydro One Solar Connection Guide

Solar Incentives Available in Thunder Bay

No federal tax credit for homeowners in 2026

The federal Clean Technology Investment Tax Credit is limited to taxable Canadian corporations and REIT mutual fund trusts — individual homeowners cannot claim it. The Canada Greener Homes Grant is closed. The Canada Greener Homes Loan stopped accepting new applications on 1 October 2025. Provincial and municipal programs are the routes available to Thunder Bay homeowners.

Home Renovation Savings: Solar Panels

$1,000 per kW of solar capacity, up to $5,000 and no more than 50 percent of eligible costs. Pre approval is required before you buy. Systems that take this rebate must be sized for load displacement (on site use) and cannot sign a net metering agreement.

Program source

Home Renovation Savings: Battery Storage

$300 per kWh of battery storage, up to $5,000 and no more than 50 percent of eligible costs. Only available when the battery is installed with a new solar system. Not available with net metering.

Program source

How Much Can You Save With Solar in Thunder Bay?

Typical system size7 kW
Estimated system cost (before rebates)$23,800
Federal tax credit (homeowners)Not available
Estimated annual savings$1,480/year
Estimated payback period10 years
25-year savings$38,110

Estimates based on 7 kW system, 2121 sun hours/year, and current Thunder Bay Hydro rates. Your actual savings may vary based on roof orientation, shading, and consumption patterns.

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Solar FAQs for Thunder Bay, Ontario

Data Sources & References for Thunder Bay Solar

— Data sources: NRCan, Thunder Bay Hydro, Government of Canada

Thunder Bay, Ontario, Canada (48.38°N, 89.25°W)