Is It Worth Getting Solar Panels In Melbourne

If a homeowner paid 18 000 for solar those panels don t necessarily add 18 000 to the resale.

Is it worth getting solar panels in melbourne.

As you can see for most australians they can install solar and have the system pay for itself within 6 years. Inflation at 2 5 and a 5 discount rate. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Australia is home to some of the best solar energy resources in the world.

The other main problem with cheap solar deals in melbourne is they often come with a cheap installation job. While solar leases and power purchase. According to chris barnes from consumer group choice the answer is pretty clear. Taking into account efficiency losses because no solar pv system will be able to use 100 of the solar energy it captures the daily energy output of different solar pv system sizes installed on a north facing roof in melbourne with 85 efficiency should be as follows.

Assumed that 50 of solar energy is used by the home self consumption rate panels are tilted to the north at 30 pitch. Although melbourne is a bit further south than brisbane or sydney there s still enough sunshine to make panels a worthwhile investment. 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. 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.

Ok so is getting solar still worth it. 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. But it s not a straight calculation. Solar is worth it financially.

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. How are you financing your solar panel system. So is solar power worth it in melbourne. Panels that are owned add some value to the resale.

In almost all cases for almost all homes yes it s still worth it he said. 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.