How Much Does One Solar Panel Cost In Australia

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How Much Does One Solar Panel Cost In Australia

solar panels sizes and prices, How Much Does One Solar Panel Cost In Australia

Australia has witnessed a remarkable surge in interest and adoption of solar energy solutions, driven by a growing awareness of environmental sustainability and the economic benefits of renewable energy. One of the key considerations for individuals and businesses venturing into solar power is understanding the costs involved. As solar energy is a novel and sustainable energy source, it stands out in the quickly evolving field of renewable energy sources. Most Australian homes still find that installing a solar energy system requires a sizable financial commitment, even with recent price decreases. However, what is the current cost of one solar panel in Australia? How much does installing solar panels cost? This data examines the cost of purchasing and installing solar panels in addition to their costs.

What Is The Price of One Solar Panel In Australia?

Depending on how you get it, a single 100kw-watt solar panel can cost anywhere from $81,919 to $87,342 due to the premium monocrystalline solar panels of today,

READ ALSO; Solar Panel Cost With Installation

Size Cost Of Solar Panel In Australian

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

 Cost of Installing A Solar Panel In Australia

Usually, the price of the solar system you wish to construct includes the cost of installing solar panels. It’s a fraud, however, some local solar panel contractors could try to charge extra for the setup. Make sure all the paperwork is ready before they begin.

  • 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

How much money will I save each year if I install solar panels?

The lifetime savings for a certain system are shown in the following table along with the yearly 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

Is it possible for a house to run entirely on solar power?

One can run a house on solar energy alone. But to do that, energy storage is required because the solar panels cannot be charged by the sun at night. The most expensive systems are those that support power storage. When solar panels aren’t producing electricity throughout the day, batteries are a helpful tool for storing energy. Future technological advancements will make this more accessible.

READ ALSO; Solar Power Systems Prices In Australia

Why Solar Panels Are a Good Idea for Australians

  1. Sustainable Energy Source: By utilising sunshine, which is a plentiful and renewable resource, solar panels offer a healthy substitute for fossil fuels.
  2. Lower Electricity Bills: Solar panels provide significant long-term savings on energy bills by producing your electricity, frequently covering the initial expenditure.
  3. Low Environmental Impact: By lowering dependency on non-renewable energy sources, solar power considerably reduces carbon footprints and fights climate change.
  4. Government Incentives: By offering tax breaks, rebates, and other benefits, several governments promote the use of solar energy and increase its financial viability.
  5. 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.

When a top-notch solar power system is built, the free energy on the roof will benefit future owners or tenants, increasing the property’s value and possible rental income.

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