Cost Of Solar Panels In Australia
Cost Of Solar Panels In Australia
A Closer Look at the Expense of Solar Panels in Australia:
The cost of your new solar system depends on its size. In other words, the number of kilowatts (kW) of solar panels you choose affects the overall cost. In Australia, prices have significantly decreased over the past decade, especially for larger systems. You can now get more capacity for the same amount of money.
As of late 2023, the current price of STCs could result in upfront savings of about $396 per kW installed. The cost of a solar PV system in 2023 is still subsidized by the Australian government through a solar rebate scheme. This rebate is influenced by the value of STCs (Small-scale Technology Certificates)
Solar panels are becoming popular in Australia, and now they are more affordable than ever. Not too long ago, solar panels used to be super expensive high-tech gadgets. But things have changed, and now they are much cheaper. The good news is that besides being cost-effective, using solar panels for clean energy comes with long-term benefits. The government also offers incentives, making solar panels even more appealing.
Factors Influencing The Cost Of Solar Panels In Australia
- Check that the estimate mentions the size and kind of solar panels they plan to use. Compare how efficient and durable these panels are in different quotes to make sure you are getting a good deal.
- Some quotes might also show a satellite photo or a 3-D picture of your roof with the planned panel arrangement.
The Panel Inverter:
- The inverter is an important part of a solar panel system. It changes the electricity made by the panels into the kind your home uses. When checking the quote, make sure it mentions the kind and size of the inverter they will install.
Warranties For The Product:
- A good solar system usually has a long warranty, about 25 years for solar panels and 10 years for inverters. The company selling the solar system should give you clear information about warranties, explaining the details and coverage for each part of the solar power system.
- The performance warranty is about how much power the solar panel can still make over time. It is often given as a percentage after a certain number of years. For instance, a warranty might say the panel will still give 90% of its power after 10 years and 80% after 25 years. Or it might be a simple number like 85% after 25 years.
The Installation Procedure:
- Ensure that the quote contains information about the installation process, including the expected duration and who will handle necessary permits.
- Additionally, your seller should offer an installation warranty separate from product warranties, addressing any issues related to the installation.
- Check their warranty claim process and confirm if the manufacturers have a contact number in Australia for potential problems.
Check The Pricing:
- Make sure to ask your solar seller for an estimate of how well the recommended solar system will work and the money it will save you over time.
- They should tell you how much electricity it’s expected to produce each year in kilowatt-hours (kWh).
- Also, check if the quote includes any extra costs like upgrades to your electrical switchboard or installing panels on a two-story house.
Comparing Onsite and Online Solar Inspections:
- Solar retailers have two methods for generating quotes: onsite inspections or using satellite imagery. It is generally more reliable if a solar retailer conducts a thorough onsite inspection as part of a free no-obligation quote.
- This involves assessing your property to ensure your roof can accommodate solar panels and determining the best direction for optimal sunlight. This detailed analysis provides greater confidence in the accuracy of the quote.
The cost of your solar system will depend on its size or the number of kilowatts (kW) of solar panels you decide to install:
- A 1.5kW with four(4) panels ranges in cost between $2,500-$4,000 A 2kW with 5 panels ranges can cost between $3,000- $4,500
- A 3kW with 7 panels ranges can cost between $3,500 – $5,000
- A 4kW with 10 panels ranges can cost between $4,000 – $6,000
- A 5kW with 12 panels ranges can cost between $4,500 – $8,000
- A 6.6kW with 16 panels ranges can cost between $5,500 – $9,000
- A 7kW with 17 panels ranges can cost between $6,500 – $10,000
- An 8kW with 19 panels ranges can cost between $7,500 – $11,000
- A 10kW with 24 panels ranges can cost between $8,000 – $13,000
Solar Panel Installation Costs In Australia
The mentioned price usually covers only the equipment, not the installation. When it comes to putting the panels on your roof, you have two options: do it yourself (DIY) or hire a professional.
While some folks enjoy DIY projects, it is essential to highlight that installing solar panels isn’t a simple task. Solar systems involve specialized equipment like inverters, batteries, racking systems, and electrical hookups. The complexity and time required for proper setup make it challenging.
Some companies might include installation in the overall solar panel system price, while others offer it as an optional add-on along with warranties and maintenance contracts. The installation cost varies based on the solar system’s size and type, as well as your location.
In Western Australia, installation rates are the lowest, usually ranging from $3,600 to $3,900 for a 5 kWh system, while Victoria has the highest rates, typically between $4,500 and $5,400 for the same size system.
The pricing of solar panels in Australia is shaped by a changing landscape, influenced by factors like equipment, installation, and location. As solar energy gains popularity and becomes more cost-effective, it’s crucial to weigh both the upfront costs and the long-term advantages. Opting for solar entails not just selecting suitable equipment but also deciding between a do-it-yourself (DIY) installation or hiring a professional. Government incentives and varying installation rates in different regions add complexity to the cost breakdown. For more details, click here.