Is It Worth Getting Solar Panels In Melbourne

The bonus of solar power is that it will add value to your property let s face it electricity isn t getting any cheaper in nsw it s expected there ll be an annual average increase of.

Is it worth getting solar panels in melbourne.

In almost all cases for almost all homes yes it s still worth it he said. Up to 7 2kwh for a 2kw system. Assumed that 50 of solar energy is used by the home self consumption rate panels are tilted to the north at 30 pitch. If a homeowner paid 18 000 for solar those panels don t necessarily add 18 000 to the resale.

The other main problem with cheap solar deals in melbourne is they often come with a cheap installation job. Solar is worth it financially. Inflation at 2 5 and a 5 discount rate. How are you financing your solar panel system.

Ok so is getting solar still worth it. According to pvwatts a typical melbourne home s roof receives about 4 8 kilowatt hours kwh of raw sunshine per square meter per day while the bom gov au website averages work. So is solar power worth it in melbourne. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.

In fact a 5kw solar system can save you up to around 50 000 over the 25 year life of the system and can be the single most effective way to reduce your carbon footprint. Up to 5 4kwh for a 1 5kw system. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. Australia is home to some of the best solar energy resources in the world.

While solar leases and power purchase. Although melbourne is a bit further south than brisbane or sydney there s still enough sunshine to make panels a worthwhile investment. Panels that are owned add some value to the resale. Generally solar power will be a great investment that can significantly reduce your power bills for decades.

But it s not a straight calculation. What you re compromising on is not just the time of an installation team it s also the quality of the mounting kit running high voltage cables safely using good quality isolators the main fire risk doing a clean job and providing support for you after the installation is done.