Many homeowners from around the world are becoming more attracted to the idea of installing solar panels. After all, having solar panels to provide your home with power is both a cost-effective and eco-friendly way to get the electricity you need for your daily activities. One part of having solar panels that might be expensive, though, is installation. So, are solar panels that expensive to install?
You’re interested in solar panels but are worried about the cost. We understand – it’s a common question. Fortunately, there are plenty of options to make solar affordable. Give us a call and we’ll help you find the best way to go solar.
What Types of Solar Panels Are There?
The cost range to get solar panels installed in Sydney, Australia, can range quite a bit. First, it will depend on the type of panel system you’re getting. When you think about a traditional solar panel system, you’re likely picturing a monocrystalline solar panel, which has an average efficiency of 18%. These are the most common types, but you might also see polycrystalline solar panels (with an average efficiency of 14%-16%) or thin-film solar panels (efficiency of 9%-13%).
While these are all considered traditional PV systems, they aren’t your only options. You might also opt for solar thermal panels or solar energy tiles. Traditional PV systems are by far the most inexpensive of these three options.
Solar Panel Prices in Australia
Before the solar industry started booming around 2008, prices for solar panels were relatively high, often reaching $20 per watt. This made it difficult for many people to switch to solar power, as it was only really affordable for those with a higher income.
However, when the government launched high-value tariffs in 2009, this attracted a lot of new customers and made solar power much more affordable. The offer of 60 c/kWh that consumers could send back to the grid was a huge success, and eventually, the number of people using solar power increased massively. After 2011, solar companies started offering reduced prices on solar panels, making them even more affordable for everyone.
How Much Does It Cost to Get Solar Panels Installed?
Solar PV systems can range in price anywhere from $3,000 to $10,000. You might find that your price varies based not only on the type of system. The choice of brand, size, location and application for rebates or government credits influence the cost. In general, you should expect to pay at least $5,000 for your solar panels, particularly if you opt for the 5-kilowatt system, which is the most common size.
Those living in New South Wales might be able to qualify for the government’s Solar for Low Income Households program, which can save you tons of money! Even if you don’t qualify for this program, you might also be able to take advantage of other government rebates to make the cost of your solar panels even lower.
When selecting a company to install your solar panels, keep in mind that the advertised cost is the price of your panels and installation after your government rebate.
Factors affecting Solar Panel Installation Cost?
The specific system you choose and your location will play a role in the price. But there are other things to consider as well! Let’s look at some factors that impact solar panels cost.
System Size
How much energy a solar panel system can produce in a day depends on its size, which is measured in kWh or kilowatt hours. A lower kWh number means that fewer panels are required for a given system, and this ultimately lowers the final cost.
Location
The cost of solar panels varies significantly from state to state. The most important factor affecting the price is the size of the solar system. Solar systems have prices according to the amount of power they can generate, and states have different average sunlight exposure levels.
Brand of Solar System
The type of solar power system you choose will significantly impact how much money you spend. Make sure to research and select a brand known for being efficient and cost-effective.
Roof
The orientation and layout of your roof can play a significant role in deciding how many solar panels you’ll need – which affects the installation cost. For example, a south-facing roof with few obstructions will need fewer panels than a roof with multiple levels or shaded for much of the day. This is because it’s easier and faster for installers to work on a single plane without worrying about obstacles blocking sunlight. As a result, you’ll save on installation costs.
Interconnection fee
Installing solar panels comes with not only the cost of the panels themselves but also the fee to connect your system to the grid and any permits required. This process is known as ‘interconnection,’ and obtaining a permit can be costly and time-consuming.
Therefore, finding ways to make your interconnection process cheaper and quicker is essential.
Labour Costs
Labour costs for solar panel installation can vary widely, depending on your location, the size of your system, and the installation date. In many cases, labor is included in the final quote when you purchase solar panels. However, it’s essential to remember that these costs can still fluctuate significantly. When considering solar panels for your home or business, be sure to factor in the potential labor cost to find the most affordable and effective option for your needs.
Solar Panel Companies in Sydney
While installing solar panels may seem expensive on the surface, the investment is more than worth it. You can always rest assured knowing you’re taking advantage of reliable, eco-friendly power, and you can also benefit from incredible cost savings on your energy bills every month!
Charlie Sparks Electrical Services is proud to be among the top-rated solar companies in Sydney, and we’re happy to work with you to get your solar panels installed. We can come to your home to install the panels initially and keep them up and running with a regular maintenance program. We have already helped hundreds of customers in and around Sydney to move closer to their sustainability goals, and we hope to help you do the same! Contact us today to learn more about solar panel installation from Charlie Sparks!
