Solar Payback in Iqaluit 2026
Iqaluit solar systems typically pay for themselves in 10 years. See the math by system size, with Qulliq Energy rates and available Nunavut rebates.
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Short answer
Solar in Iqaluit typically pays back in 10 years for a right-sized 6 to 10 kW residential system. Payback varies with your Qulliq Energy rate (average 42.0¢/kWh), 1,600 annual sun hours in Iqaluit, net system cost after Nunavut rebates, and how much production you self-consume. See system-by-system math below.
10 yrs
Typical Payback
42.0¢/kWh
Electricity Rate
1,600
Sun Hours/Year
$5.00/W
Installed Cost
How Iqaluit Solar Payback Is Calculated
Payback (years) = Net System Cost / Annual Bill Savings
Net system cost is your installed cost minus available rebates. Annual bill savings equal annual production times your effective rate, adjusted for self-consumption. In Iqaluit, we use 1,600 sun hours, 10% capacity factor, Qulliq Energy rate 42.0¢/kWh, and 85% self-consumption.
Assumptions used on this page
- • Installed cost mid-range: $5.00 per watt
- • Annual production: 10% capacity factor times 8,760 hours per year
- • Electricity rate: 42.0¢/kWh flat (does not model TOU or ULO)
- • Rebate: None modelled (some provinces have utility credits or municipal financing)
- • Self-consumption ratio: 85%
- • No rate escalation modelled (real payback is shorter with rate increases)
Iqaluit Payback by System Size
| System | System cost | Rebate | Net cost | Annual savings | Payback |
|---|---|---|---|---|---|
| 4 kW | $20,000 | — | $20,000 | $1,251/yr | 16 yrs |
| 6 kW | $30,000 | — | $30,000 | $1,876/yr | 16 yrs |
| 8 kW | $40,000 | — | $40,000 | $2,502/yr | 16 yrs |
| 10 kW | $50,000 | — | $50,000 | $3,127/yr | 16 yrs |
| 12 kW | $60,000 | — | $60,000 | $3,753/yr | 16 yrs |
Estimates assume 10% capacity factor, 42.0¢/kWh, 85% self-consumption, no rate escalation. Actual payback varies with roof orientation, shading, usage pattern, and financing.
See Your Iqaluit Solar Payback
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Related Resources
— Sources: NRCan, Qulliq Energy published rates.