Cost Of Solar Panels In Australia

solar energy cost per kwh in Australia, Cost Of Solar Panels In Australia

Solar energy is unique in the rapidly changing world of renewable energy sources since it is an innovative and sustainable source of energy. The need for solar energy panels has increased in Australia as worries about the environment and the search for greener energy sources gain traction. Despite recent price reductions in Australia, most houses still find that installing a solar energy system is a substantial financial commitment. But how much are solar panels these days in Australia? How much does it cost to install solar panels? This information looks at solar panel prices as well as the cost of installing and buying solar

READ ALSO; Solar Panel Cost With Installation

How Much Australian Citizens Pay for Solar Energy Panels

The cost of purchasing solar panels in Australia in 2024 is shown below.

                                                    State/Territory   
Size Cost                  (NSW, QLD, WA, SA, NT, ACT)                Cost
(VIC, TAS)

1.5kW…………………………… …$3,286 ………………………………………$3,364

2kW……………………………….. $3,676………………………………………. $3,794

3 kW………………………………. $4,271………………………………………. $4,468

4 kW………………………………. $5,192……………………………………….$5,388

5 kW……………………………… $6,034……………………………………… $6,309

6.6 kW…………………………… $7,410………………………………………..$7,764

7 kW……………………………. ..$7,907………………………………………..$8,261

8 kW……………………………. ..$8,714……………………………………….$9,146

9 kW…………………………… $9,476………………………………………… $9,987

10 kW………………………… ..$10,239 ……………………………………….$10,789

12 kW ……………………………$12,529……………………………………….$14,397

15 kW……………………….. ..$15,802………………………………………..$15,627

20 kW………………………… .$18,769………………………………………..$21,870

30 kW……………………….. ..$26,378……………………………………….$33,029

40 kW………………………… $38,416……………………………………… $40,578

50 kW………………………. ..$46,605………………………………………. $49,317

100 kW……………………… $81,919……………………………………….. $87,342

Australia’s Cost of Solar Panel Installation

Solar panel installation costs are typically included in the cost of the solar system you want to install. Certain local solar panel installers may attempt to extort additional setup fees, but this is a scam. Make sure that, before they start, all of the paperwork is ready.

• Direct Costs:

Item                                                                                                          Typical Cost Inc GST

Cheap solar panels……………………………………………………………………………$3,070

Cheap 5kW inverter………………………………………………………………………….$550

Low-quality installation……………………………………………………………………$1,880

Balance of system (roof mount kits)…………………………………………………..$440

Outsourced marketing (purchasing leads from third party)………………….$250

Total Costs of Products (with $0 Profit)……………………………………………..$6,190

Rebates…………………………………………………………………………………………..$3,403

Price to customer after rebates with $0 Profit…………………………………….$2,787

What is the annual cost savings if I use solar panels?

The following table displays lifetime savings for a given system together with the annual savings for each system size.

System size                No. of panels          Average yearly saving         Lifetime Saving

1.5KW………………………. 6…………………………..$690………………………. $15,525

2KW……………………….. 8 ……………………………$986 ……………………….$22,185

3KW………………………. 12………………………….. $1,478…………………….. $33,255

4KW……………………… 16…………………………… $1,971…………………….. $44,437

5KW…………………….. 20…………………………… $2,364……………………. $53,190

6KW………………………24………………………….. $2,981……………………… $67,072

7KW……………………..28 ………………………….$3,565………………………. $80,212

8KW……………………. 32…………………………. $3,952……………………… $88,920

Can a house be powered entirely by solar energy?

A house can run entirely on solar power. However, to accomplish that, since the solar panels cannot be charged by the sun at night, a way to store energy is needed. The systems that aid in power storage are the priciest. Batteries are a useful tool for storing energy for times of the day when solar panels aren’t producing electricity. Because of future technology developments, this will become more affordable.

READ ALSO; Solar Power Systems Prices In Australia

Why Should I Use Solar Panels In Australia

• Sustainable Energy Source: By utilising sunshine, which is a plentiful and renewable resource, solar panels offer a healthy substitute for fossil fuels.
• Lower Electricity Bills: Solar panels provide significant long-term savings on energy bills by producing your own electricity, frequently covering the initial expenditure.
• Low Environmental Impact: By lowering dependency on non-renewable energy sources, solar power considerably reduces carbon footprints and fights climate change.
• Government Incentives: By offering tax breaks, rebates, and other benefits, several governments promote the use of solar energy and increase its financial viability.
• Enhanced Property Value: Because solar panels are environmentally and energy-efficient, their market value and appeal are increased for both residential and commercial buildings that have them installed.

The free energy on the roof will benefit new owners or tenants, which will raise the value of the property and boost the potential rental income when a high-quality solar power system is installed.

For details, click HERE