Residential and Commercial Solar Panel Cost in Australia
Solar power systems are typically roof-mounted but can also be mounted on the ground to collect solar energy in solar panels. It contains battery storage units that allow the excess power to be used at night time. Solar panels were expensive until 2011 and the payback period is long, but today, the solar panel price is far more affordable than in the past. The average cost of a solar panel is around $2500 to $6500. The cost may vary depending on the location, its features, reliability, and efficiency.
How to Choose Solar Panels at the Right Solar Price?
Based on the efficiency and number of panels, the solar panel cost varies. It also depends on the location of installation, whether it’s placed in sunny areas or places where the sun rarely shines. Solar power cost is measured in ‘self-consumption’ – an indication of the amount of energy you use during the day. Here is a simple estimate of the amount of energy you can save depending on the consumption level. On an average, you can save 30% of energy for 5 to 10 KWh, 48% for 11 to 15 KWh, 66% for 21 to 25 KWh, and 82% for 31 to 40 KWh.
Your solar power installers can help you decide on the type of solar power system you require for your residential or commercial unit. Finding the right system can help you save more solar power cost.
Is Solar Cost Cheaper in Australia?
With the Australian Government’s Small-scale Renewable Energy Scheme (SRES), the solar cost is getting less expensive in Australia, making it easier for the installers to keep up with the demand. On the other hand, the cost of power in Australia is continually on the rise, and it’s the right time to take advantage of solar energy.
For an average home size, the yearly saving from solar panels $690 for 1.5 KW, $1971 for 4KW, $2364 for 5KW, and $3952 for 8KW. The solar cost may tend to vary depending on different factors such as the system size, the number of panels, number of people per home using the system, location of the system, and more.
The approximate cost of a good quality solar power system is $ 2500 to $4000 for a 1.5 KW system size and $8000 to $12000 for a 10KW system size. You can expect to add an extra 20% to this cost if you are opting for micro-inverter or save $700 if you downgrade to budget inverters.
Talk to our experts now to know about the solar panel prices and how it helps you to save more money in the long run.
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