Is solar energy worth it in Australia?
This is a query that we are asked dozens of times a day. For most homes, it is worth installing solar panels. The price of solar panels hit a record low. The average 8kW solar system with high-quality panels now costs as little as $ 8,000 to $ 9,000 to install, and the average annual electricity generation exceeds 30 kWh per day. If we assume you pay 30 cents per kilowatt-hour, then if you use all your solar energy when generating solar power, using an 8-kilowatt system, you can save more than $ 3,000 in electricity bills each year. For more information on how to size the solar system, click here: Adjusting the size of the solar system
Is it worth buying solar panels in Australia?
As electricity prices in Australia continue to soar, households are eager to install solar energy to reduce energy costs, especially now that the price of solar panels in Australia is at the lowest level in history. The price of high-quality solar panels is now very affordable and can pay off within 35 years. Let us break down these numbers to help you determine how much you should pay for a solar system to determine whether solar power is suitable for your home.
How much are you willing to pay for the solar system?
If you only want to buy a solar system for $4,000, it may not be cost-effective. The low-cost end of the solar industry is plagued by problems, from underperforming panels to the closure of anonymous manufacturers in China (along with their warranties), non-professional installers failing to respond to service requests, marketing misleading and false recommendations. … and many more. This can be a nightmare, and we learn about it from the dozens of calls we receive every week from families who have been deceived by other installers and are seeking help. It is also fairly easy to deduct $500 from the installation.
This is something unreputable installers will do, but we know that this will happen to these cheap solar systems provided by some installers. You can’t “sell” a 5kW system for $6,000 for $4,000. There are significant differences between different price points in the solar industry, and you need to understand them before registering for installation.
So is solar energy worth buying?
The message is simple: Solar is worth it if you have a budget for a quality system from a reputable installer. With the correct scale, you can reap the rewards in as little as 3 to 5 years and seamlessly invest in producing clean energy for decades, using top brands for more than 25 years. A 5kW system can save you up to approximately $ 50,000 in electricity bills over the system’s entire life cycle, which comes directly from the coal industry bills. In addition, solar storage can now be used, making houses almost entirely solar-powered. Solar energy and storage systems quickly become the norm as households want to increase energy independence and maximize household solar energy consumption. Solaray offers very competitive prices for all major brands, from the best Chinese manufacturers to the best high-efficiency modules on the market, such as LG Solar. 4.444 billion Australian households now have solar energy because these numbers are reasonable. If measured correctly, the cost of solar energy can be as low as 5 cents per kilowatt-hour. Difference this to what you are currently paying, and you will soon find that solar is worth the money for most Australian households.
Read our blog on Why is Solar Energy Becoming so Popular in Australia?