Is Solar Power Worth It?
Of all the queries related to the solar PV system, every homeowner’s most common questions to a solar installation company are asked. Regardless of your electricity consumption, solar panels are still worth buying in 2021.
Around one in five Australian households already have solar systems installed at their place, and the number is increasing every year. One of the common reasons to install a solar system is to save more money on the soaring high utility bills.
Additionally, homeowners also install solar systems to build sustainability awareness and reduce their carbon footprint.
This article contains all the relevant supporting reasons why solar systems are still worth it in 2021.
Home Solar Power in Australia
What Is The Average Cost Of Solar in Australia?
Over the past few years, there has been a noticeable drop in the prices of solar panel systems in Australia. However, the cost of solar panel installation still depends on the type of solar system installation, house size, location, and solar panels.
Perhaps the most influential of these factors is the size and occupancy of your house. If you have more members in your home, you will use more energy, which will affect the price of the solar panel.
So, how much to install solar panels? One of the most common solar systems installed in 2021 is a 6.6kW solar panel system. The average cost of a 6.6kW solar system can be anywhere between $6,000 to $8,500.
A 6.6kW solar system will help you save anywhere between 1,200 to $2,000. Depending on your energy consumption, the figures may even go beyond. The cost may even differ based on your electricity usage and other variables like your location, roof orientation and type of installation.
How Much Can You Save With Solar Panels?
The increasing amount of solar installations every year shows how much solar PV systems are helping homeowners save hundreds, if not thousands of dollars.
Homeowners find it surprising that such good quality solar systems can offer them countless financial, economical, and personal energy benefits.
Homeowners have started to make good use of the ever so often hot climate in Australia, by installing solar PV panels and running their air conditioners more often.
Generally, a solar power system will help save you up to around $400 per year, per kW. For instance, an 8kW solar PV system will save you up to around $3400 a year on your utility bill, giving you more power on hotter days compared to the colder ones.
Solar Panel Price Drop
Earlier, solar power systems were beyond the reach of average residential homeowners and were limited to the early adopters with greater financial means.
In the early days (pre-2010), solar prices in Melbourne or even Sydney were anywhere between $5 to $10 per watt. That meant a huge solar system was likely to cost you tens of thousands of dollars or maybe even more!
Since then, there has been a sharp decline in solar prices. The average solar price in 2012 was around $2.50 per watt, and by the end of 2020, it came down to $1 per watt. Such a sharp decline is only urging more homeowners to go solar.
Conclusion
So with all the fuss about "are solar panels worth it?" The answer is straight yes! With solar panel systems costing less these days, now is the perfect time to opt for solar panels in Sunshine Coast, Melbourne, Sydney, and anywhere!
