Is It Still Worth Installing Solar Panels In Nsw

Solar choice september 2019 solar price index.

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. The nsw government s goal is to have net zero emissions by 2050 and switching to solar can help achieve this target. 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. 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.

Solar is worth it financially. 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. This solar power rebate can mean significant reductions in the cost of your solar system and have been designed to encourage australia s use of renewable energy. It s a question we get asked dozens of times a day and for most households installing solar panels is worth it.

Nsw is experiencing a solar power boom. Assumed that 50 of solar energy is used by the home self consumption rate panels are tilted to the north at 30 pitch. As you can see for most australians they can install solar and have the system pay for itself within 6 years. 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.

Check a licence online or call nsw fair trading on 13. They reduce the amount of electricity you need from the grid which lowers your energy costs. Before asking for any money for the supply and installation of solar panels or commencing any installation work the consumer must be provided with. Solar photovoltaic pv systems or solar panels are a way of capturing sunlight and converting it into electricity.

Inflation at 2 5 and a 5 discount rate. The average sydney household can save up to 900 a year by installing a 4 kilowatt solar system on their roof.