Is It Worth Having Solar Panels In Victoria

As you can see for most australians they can install solar and have the system pay for itself within 6 years.

Is it worth having solar panels in victoria. Inflation at 2 5 and a 5 discount rate. Solar is worth it financially. Solar panels also called solar photovoltaic pv systems use sunlight to generate renewable electricity. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands.

Since we have a hobby farm the installation was part of our farm and is separate from the system that powers our house. Some systems can be expensive. The short answer is yes. How much do solar panels cost in victoria.

Technicians from solar source install solar panels on a house in dunedin florida. My wife and i installed a solar pv system back in 2010 for our hobby farm and despite a few headaches and setbacks it has been one of the best decisions we have made. To make the best choice you need to understand what you are signing up to. All states have stopped offering generous rebates for solar installation except for victoria which still has a rebate of up to 2 225 for households earning less than 180 000.

A small system 2kw and under should usually cost no more than 3 000 while systems that are 10kw or larger can cost in excess of 9 000. The quote 1 5kw around 3500. I just read that victoria rebate drop to 6 8c soon so do you think it will be worth it to get solar panel say 1 5kw. How are you financing your solar panel system.

One of the biggest advantages of installing residential solar panels is a 30 federal tax credit on the total cost of a system. If you live in an area with high energy rates and a suitable solar rating and can afford the initial investment it s worth installing solar panels in your home while the 26 tax break is in place. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Victorians should expect to pay between 2 900 and 10 000 for a standard solar system depending on the size of the system.

They can generate clean power which can help reduce energy bills and benefit the environment. Chris zuppa the penny hoarder.