Solar Panel Cost For A Home: cost of solar panels qld
While the cost of solar has decreased considerably in recent years, a solar energy system remains a heavy investment for most households. But just how much are solar panels these days? What about solar panel installation cost? This guide involves the cost of buying and installing solar, including solar panel prices, using data surveys to show the average costs of solar panels, installation, batteries and packages in Australia.
How much does solar cost?
How much solar costs will differ greatly depending on your location, the size of solar system your install and the quality of products used in the installation. Solar costs are divided into the solar panel cost, solar inverter cost and the overall solar installation cost. There will be an additional cost if you add a battery to your solar system. Some solar installers may give out all components of a solar system as an all- inclusive package, where others may break out the costs of each component in your quote. Solar installation costs also factor in discounts from the Federal Government’s Small-scale Renewable Energy Scheme, which offers incentives for households to install eligible renewable energy systems. These incentives are provided in the form of small-scale technology certificates (STCs). How many STCs your solar system is eligible for depends on your location, date of installation and how many megawatt hours (MWh) of electricity it generates over a predetermined period. You might choose to assign your right to the STCs earned by your solar system over to your installer or system retailer in return for a lower purchase and installation cost. Generally speaking, STCs can cut the cost of getting solar by a considerable amount. The Clean Energy Regulator has plenty of information on STCs, including on how you can assign your right to them in return for savings on a system. As you can tell, there are many variables that can impact the cost of solar, from solar panel price to how easy it is to install them on your roof. Canstar Blue’s consumer surveys allow us to calculate the average costs of solar panels, solar installations, solar packages and solar batteries in Australia. For a solar cost estimate for your home, it’s important to get a detailed quote that’s specific to your property and electricity needs from an accredited, licensed solar installer.
Average cost of solar panel: cost of solar panels qld
The average cost of solar panels in Australia was $5,667, according to a Canstar Blue survey of more than 1,300 adults in December 2022. Respondents came from a variety of household sizes and had purchased a variety of system sizes. The costs reported were from survey respondents who bought their solar panels separately, not as part of a solar package. Only states and territories that received more than 30 survey responses have been included in the table below.
READ MORE; How Much Does One Solar Panel Cost In Australia
Average solar installation cost
Canstar Blue found the average solar installation cost was $3,928. These costs were provided by survey respondents who did not buy an inclusive solar package. Again, the costs reported include a range
State/Territory | Average Solar Panel Costs |
Queensland | $6,212 |
South Australia | $6,069 |
Victoria | $5,627 |
New South Wales | $5,307 |
Western Australia | $4,399 |
Queensland | $4,132 |
New South Wales | $3,991 |
Victoria | $3,753 |
Average solar battery cost
A solar battery costs roughly $10,000 before installation, according to SolarQuotes, which cites a further $1,500 estimate for the amount a battery can add to solar installation costs – and both figures can be much higher depending on the brand of battery and complexity of installation. For e.g. the well-known Tesla Power wall costs about $15,500 to buy and install. Whether this significant additional cost is worthwhile depends on what type of electricity tariff you’re on – single tariff or time-of-use tariff – and even whether you can access a battery rebate in your state or territory. Joining a Virtual Power Plant program can also be a way to get a discount on a battery. SolarQuotes has extensive info on how to get a payback on the cost of a solar battery.
Average solar package cost
The average solar package cost was $5,521, according to the same Canstar Blue survey conducted in December 2022. A solar package was defined in this survey as an all-inclusive package that included panels, inverter, battery and installation costs as a single cost, with the findings comprising a range of household sizes and system sizes. We’ve broken the average cost down to a state and territory level for areas that met the 30-response minimum.
New South Wales | $6,029 |
Victoria | $5,689 |
Queensland | $5,466 |
South Australia | $5,224 |
Western Australia | $3,967 |
Factors That Determine How Much A Solar Panel Costs
It’s easy to give ballpark figures for the cost of solar panels, but in reality, many different factors determine the actual cost of your panels and solar ecosystem. Here are the main factors that will impact your overall cost.
READ ALSO; Solar Power Systems Prices In Australia
While the cost of installing solar panels for a home may differ based on several factors, the long-term benefits often outweigh the upfront investment. With advancing technology and supportive government incentives, now is the perfect time for homeowners to explore the possibility of harnessing solar power to meet their energy needs and contribute to a greener planet. Click here for more..
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