August 20, 2021

How much do solar panels cost?

Rising electricity prices makes installing solar panels in Australia increasingly cost-effective.

Close up of quality solar panels With rising electricity prices, installing solar panels in Australia is increasingly cost-effective.

Government rebates make solar panels more affordable than ever.

Looking at installing solar panels?

Switching to solar energy is good for your wallet, great for the environment and a crucial step towards a sustainable future.

Australia happens to be one of the most cost-efficient countries in the world for installing solar panels, mostly due to the fact that our government provides a whole host of solar rebates and incentives reduce costs by as much as 50 percent, depending on which state you live in.

So how much do solar panels actually cost, and how can you ensure you get the most out of your investment?

How much does it cost to get solar panels?

For the average Australian homeowner, it currently costs approximately $5,000 to get a series of quality-made solar panels installed on your roof. This figure is based on a 6.6kW system with a government rebate or incentive.

Taking everything from 1.5kW to 6.6kW solar panels into account, panels and installation can cost anywhere from $2,800 to $5,800. Then there’s the quality of the components – not just your solar panels, but the inverters, optimisers and batteries as well.

How much is the installation by itself?

Generally, when browsing for solar panels, the vast majority of Australian solar businesses will incorporate installation into the price – so the amount you’re being quoted is for a full end-to-end solution with a warranty included.

Always be sure to confirm the complete price before committing to the purchase.

Why does the cost of solar panel installation vary from state to state?

Most state governments in Australia offer rebates for switching to solar energy and these rebates are based on a per kilowatt (kW) amount.

With every state paying a slightly different amount per kW, the cumulative price difference adds up.

Western Australia tends to be the most cost-efficient state for solar panel installation, with the Northern Territory being the most expensive. Sydney, Melbourne and Brisbane all sit in the middle of the average price range.

Return on investment for solar panel installation?

Every solar panel installation pays for itself and then some. It’s just a matter of when.

The average time span before home solar panels provide more savings than what the installation cost is generally between four and five years. Sometimes it’s a little longer and sometimes a little sooner depending on costs, energy generation and energy consumption.

Once your solar panels have recovered the cost of their installation, your average annual savings range from $700 for a 1.5kW system to upwards of $4,000 if you invested in an 8kW system.

Throw in the fact that quality solar panels come with long-lasting warranties and it’s a no-brainer.

The initial upfront investment is a small price to pay for making your home sustainable, energy-independent and future-proof.

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