Is It Still Worth Installing Solar Panels In Nsw

The installation of solar panels must be undertaken by either a licensed builder or a licensed electrical contractor.

Is it still worth installing solar panels in nsw.

Solar photovoltaic pv systems or solar panels are a way of capturing sunlight and converting it into electricity. The rebate program which is part of australia s renewable energy target means that when you install a solar system a number of renewable energy certificates are created. As you can see for most australians they can install solar and have the system pay for itself within 6 years. Solar panel prices are at a record low with an average sized 8kw solar system with good quality panels now costing as little as 8000 9000 fully installed generating over 30 kwh a day averaged out across the year.

Solar is worth it financially. A written contract a copy of the fair trading publication consumer building guide if the work is worth more than 5 000. They reduce the amount of electricity you need from the grid which lowers your energy costs. Across the state record numbers of households are installing small scale solar photovoltaic pv systems.

Assumed that 50 of solar energy is used by the home self consumption rate panels are tilted to the north at 30 pitch. 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. The average sydney household can save up to 900 a year by installing a 4 kilowatt solar system on their roof. These prices reflect estimated costs within sydney nsw the actual cost of your solar panels can vary greatly depending on where you are what system you re after and your installer for a specific quote get in touch with your preferred installation specialist.

Inflation at 2 5 and a 5 discount rate. If you re considering adding solar panels to your property we ve put together a list of things you should understand before making the commitment. Nsw is experiencing a solar power boom. Solar choice september 2019 solar price index.

Check a licence online or call nsw fair trading on 13. The nsw government s goal is to have net zero emissions by 2050 and switching to solar can help achieve this target.