Average Cost Of Solar Panels Australia

Solar panels are assessed on a house by house basis.

Average cost of solar panels australia.

How much money will i save using solar power. Below we look at different size systems and what they cost in each state. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years. Today the average cost of a 5kw system is around 6500 but it can be more expensive in some areas.

Solar panels cost 5 250 on average in australia. If we assume you are paying 30c per kwh you can expect to save you over 500 every quarterly power bill if you use all of the solar power as it is generated. So let s take a look at how much do solar panels cost in australia. Nevertheless we can take some of the baseline costs of solar and try to work out how much it ll cost on average.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. For example in darwin a 5kw system costs around 11 000 while in adelaide it costs under 6000. A report published by the international renewable energy agency also known as irena revealed the overall costs for residential solar pv systems in australia including both installation and operation had fallen by over 50 between 2010 and 2014 from us0 35 down to us0 17 per kilowatt hour. Historic average residential solar prices in australia aug 2012 sep 2020 prior to the solar boom in 2008 solar cost were as high as 15 to 20 per watt and was really only taken up by the early adopters with greater financial means.

Solar storage batteries in australia are becoming increasingly popular for people with solar systems who are wanting to increase their energy independence and maximise more on savings. A system of this size will generate around 20 kwh a day. In the past solar battery storage pricing has outweighed the benefits with the return on investment being impractical for the average household. In every case solar is a tailored solution that needs to be perfectly suited to the house it s powering.

This price is for the post common size system 5kwh after the government rebate has been applied. Approximate cost of a good quality solar system installation with tier 1 solar panels fully installed as at august 2020 in australia. How much do solar panels cost. I ll leave you to decide if bmws are worth paying more for than kias.

Compare prices for whole systems not just individual panels. In sydney and perth solar power costs just over 5000 and in other states it costs around 6000. The average price across australian capital cities for a 5kw system is 5100 and solar technology is only getting cheaper.