Is It Worth Installing Solar Panels In Melbourne

A good quality properly installed solar system pays off to a degree that surprises many people.

Is it worth installing solar panels in melbourne.

Aside from the environmental sustainability aspect of using solar panels harnessing the sun s energy to support some of your home s energy needs will also lead to considerable savings in electricity bills. Installation prices will vary significantly depending on the solar company you choose and the equipment you install. With two rebates slashing the cost of solar products in victoria these good quality systems are more affordable than ever. How much does the solar panel system cost.

Fortunately for us victorians we live in a country that sees sunshine on an average of 185 days per year. The answer depends on many factors including where you live how much roof space you have if your roof is shaded how much power you use what your local utility charges you for electricity and the prices offered by. Solar panels offer a great return in melbourne. But it s not a straight calculation.

Assumed that 50 of solar energy is used by the home self consumption rate panels are tilted to the north at 30 pitch. While cheap solar panels might feel like the easiest way to save some cash your total 20 year savings will often be higher if you invest in high quality equipment. It s a question we get asked dozens of times a day and for most households installing solar panels is worth it. Solar panel prices are at a record low with an average sized 8kw solar system with good qualitypanels now costing as little as 8000 9000 fully installed generating over 30 kwh a day averaged out across the year.

Of course its the hot and bright melbourne sun. Solar is worth it financially. Solar power in melbourne you can count on your choice of solar installer is what makes your solar investment good value. This is one of the more popular reasons of why solar panels are worth installing in melbourne.

That s over half of the year your solar panel system will be in complete sun bathing mode. With the 26 federal tax credit reducing at the end of 2020 millions of american homeowners are asking themselves whether or not installing solar panels is worth it this year. As you can see for most australians they can install solar and have the system pay for itself within 6 years. Panels that are owned add some value to the resale.

Melbourne homes can save hundreds of dollar per year by installing a solar pv system which when combined with the low system prices discussed above translates into payback periods as short as 3 5 years depending on how much of the solar energy your home manages to use directly. Why should you consider installing solar panels in melbourne.