While homeowners cut back on their electricity costs, businesses seem to reduce their operating expenses. But some Australians still wonder if it is worthwhile to go solar.
This blog aims to take a look at the changes in the solar industry all these years and what are the current prices of the solar panels.
So, why is that the prices of solar seem to go down each year while incentives are sparser than in the past?
Well, the thing is the incentives provided by the government used to be at an all-time high when solar was new in the country.
This was done essentially to encourage people to install solar systems. But, according to stats, people have continued to shift to solar even when the incentives are lower than before.
Let’s see things in more detail.
Changing Solar Trends in Australia – Is It Still a Good Idea to Go Solar?
Australia has witnessed a major shift in its use of solar technology. Previously, when the technology was new in the country, the motivating factor for installing a solar panel was the incentives.
But, with time, people have embraced the use of solar panels even when the incentives are cut short.
For instance, the government used to provide 60 cents per kWh feed-in-tariff back in 2009. This was offered when Solar System NSW would export power back to the grid. But now energy retailers provide credit which is around 9c per kWh.
Furthermore, the incentives under the Small Scale Technology Certificates scheme seem to reduce each year by 7%.
Then, you may ask why should I go solar?
How will it benefit me?
Well, apart from your fair share of contribution to the environment, you save a lot on energy charges.
According to stats, energy prices are at an all-time high. Thus, solar offers a better way to save money on these charges.
Plus, solar panels are becoming cheaper day by day. The two main reasons behind this can be:
● Low cost of solar components bringing down the total cost on solar panels
● High competition in the market with many solar manufacturing companies (Many of them equally good)
So, it seems like you really don’t have much to lose by going solar. Now, on to the solar panels prices.
As 10kw, 6.6kw, and 5kw solar panels are the most in-demand, we’ll be discussing their prices below.
Solar Panel Prices in Australia
The Solar Panels NSW prices in the country are quite possibly at its lowest. And that gives people the best opportunity to install a solar power system in their home or business.
Here are the current solar panel prices in Australia. Plus, solar installers also offer system packages that are more affordable considering you get an entire system package with an inverter.
#1. 10kw Solar Panels
The 10kw Solar System Price is $7,740. The PV system is suitable for those who have high energy needs.
Further, 10kw Solar System contains 34 x 300W panels that can produce up to 29 – 46 kWh per day.
#2. 6.6kw Solar Panels
This is one of the best selling systems sizes for average to large energy users. That’s the reason 6.6kw Solar Panels is one of the most popular system sizes in NSW.
You have two choices to pick when it comes to 6.6kw Solar System Price:
● $ 3200 for 6.6kW with Kstar Inverter
● $ 3800 for 6.6kW with Fronius Inverter
#3. 5kw Solar Panels
A 5kw Solar System is the best choice for a small to average sized household. It produces around 22-24 units of energy per day. This is quite enough considering the energy use of an average Australian household.
The 5kw Solar System Price is $4,300 including an upgradable inverter as well.
How Can I Install a Solar Panels System in My Home or Business?
Get in touch with Top Solar Quote!
We are the Best Solar Panel Installer NSW offering local support and services in Australia.
Not sure which solar system NSW you should be installing?
Top Solar Quote has certified operators and solar installers who can help you out. Additionally, we also offer 25-30 years of performance warranty on our installations.