Let’s walk you through getting solar panels for your home, by answering some of these common questions:
What size solar panel system does my house need?
How much will it cost?
What government rebates do I get?
What is the return on my investment?
What should I expect during my solar installation?
Let’s get started….
With most residential solar panels paying themselves off between 2 and 5 years, return on investment is super fast.
That’s a whole lot of savings you can potentially make, year after year. Money you can be spending on more exciting things.
So, what size do I need and how much do quality residential solar panels cost?
Small Solar Power Systems
- Ideal for smaller homes, singles and couples, low power consumers
- These systems range from 1.5kW to 2.5kW
- Average electricity production 6 to 11 units per day
- Potential electricity savings for a 2kW system is around $800 per year
- These systems range from $2,200 – $3,900
Medium Solar Power Systems
- Ideal for couples, families with young children, medium power consumers
- These systems range from 2.5kW to 3.6kW
- Average electricity production 11 to 16 units per day
- Potential electricity savings for a 3kW system is around $1300 per year
- These systems range from $2,900 – $5,900
Large Solar Power Systems
- Ideal for larger homes with pools, medium to high power consumers
- These systems range from 4kW to 5kW
- Average electricity production 16 to 22 units per day
- Potential electricity savings for a 5kW system is around $2000 per year
- These systems range from $4,600 – $7,500
What Government Rebates do I get?
There are TWO forms of rebates available when installing solar panels for homes:
1. Government rebates
Depending on the size of your newly installed compliant solar panel system Perth home owners will receive between $1,000 – $3,700 for your home (and up to $35,000 for commercial solar power).
When the sun shines on your solar panels they create electricity. If you use this solar power as it is produced, that’s free electricity! This is the power you would normally have to pay full price for.
In other words, you will receive a one-for-one credit for all electricity consumed as it’s produced. If you don’t use the power the excess flows back to the grid. For systems with inverters 5kW or less, Synergy pays 2.25 cents/kWh before 3pm and 10 cents/kWh after 3pm
The idea is to try and use the power as it’s produced during the day and reduce your power usage while the sun is not shining on your solar panels.
Is solar a good investment?
Yes, absolutely! Consider solar panels an investment to your home like a kitchen or bathroom renovation.
Solar will pay for itself in a number of different ways:
- Save energy
- Hedge against constant power price increases
- Increase the value of your home and
- Has a guaranteed rate of return on your investment
Residential solar panels have a return on investment of 20 to 50%
We find most of our residential solar panels pay for themselves, between 2 and 5 years.
There aren’t many investments that have such excellent returns. This makes solar a great investment for your home.
Lets explain why…
We all know solar is a sound investment for your home. However how fast the solar panel system pays for itself will depend on some variables such as:
- Is the system sized correctly for your usage? Clean NRG Solar will look at your bills and your usage patterns and make sure we size it correctly.
- Can you use the free solar power during the day? Homeowners that can use most of their power during the day will have a quicker payback time.
- Are you able to shift your power usage to sunlight hours? Clothes washing, dishwasher, cooking, heating and cooling ironing vacuum, etc. Are you able to use timers (delay start functions) to shift your power usage to sunlight hours?
For solar inverters 5kW or less in W.A. Synergy pays for any power you don’t use. This is called the “Feed-in Tariff”. For example, a popular system with a 5kW inverter and 6.6kW of panels installed correctly will produce around $3,000 worth of electricity per year, that is if you use all the solar power as it’s produced. Conversely, if you didn’t use any of the electricity and it all went back to the grid you would save around $500 because of the Feed-in Tariff. Your true saving will be between these numbers and will depend on how much power you use and when you use it.
We find most of our residential solar panels pay for themselves, between 2 and 5 years. In simple terms, that’s an investment return of 20 to 50 per cent!