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Are Solar Panels Expensive to Install?

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?

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.

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.

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!

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