The forecast for solar energy looks good in Canada. Recent market trends are showing promising growth over the next few years.
Canada—like many other countries—is committing to reducing emissions by transitioning to renewable energy sources. Both businesses and homeowners can also benefit from installing solar panels on their properties.
Over 43,000 total systems have been installed in Canada, offering both environmental and financial benefits to homeowners and businesses alike.
Canada is targeting producing 90% of the country’s energy through renewables by 2030—welcoming a future of affordable and dependable clean energy on a nationwide scale. Canada has also set a goal of reducing greenhouse gas emissions by 40-45% from 2005 levels by 2040. To support these causes, we expect to see more government programs that promote clean energy sources.
In addition, solar is projected to scale up over the next few years. We’re expected to see an annual growth of 2.3%, and our solar energy market is predicted to amount to 4.20bn KWh in 2024.
Polaron is devoted to the growing green change in Canada. We now offer both residential and commercial solar installations across the country. We also want to thank you for doing your part for the planet. Let’s continue supporting solar’s groundbreaking upward trajectory together!
Take our quick survey for a free quote If you’d like to make a difference and start producing your own clean energy.
