Is It Worth Installing Solar Panels In Melbourne

Solar power in melbourne you can count on your choice of solar installer is what makes your solar investment good value.

Is it worth installing 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. Solar panels offer a great return in melbourne. Installation prices will vary significantly depending on the solar company you choose and the equipment you install. Fortunately for us victorians we live in a country that sees sunshine on an average of 185 days per year.

But it s not a straight calculation. A good quality properly installed solar system pays off to a degree that surprises many people. With two rebates slashing the cost of solar products in victoria these good quality systems are more affordable than ever. Of course its the hot and bright melbourne sun.

Panels that are owned add some value to the resale. Inflation at 2 5 and a 5 discount rate. Melbourne homes can save hundreds of dollar per year by installing a solar pv system which when combined with the low system prices discussed above translates into payback periods as short as 3 5 years depending on how much of the solar energy your home manages to use directly. 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.

While cheap solar panels might feel like the easiest way to save some cash your total 20 year savings will often be higher if you invest in high quality equipment. This is one of the more popular reasons of why solar panels are worth installing in melbourne. Solar is worth it financially. Why should you consider installing solar panels in melbourne.

If a homeowner paid 18 000 for solar those panels don t necessarily add 18 000 to the resale. It s a question we get asked dozens of times a day and for most households installing solar panels is worth it. Assumed that 50 of solar energy is used by the home self consumption rate panels are tilted to the north at 30 pitch. Aside from the environmental sustainability aspect of using solar panels harnessing the sun s energy to support some of your home s energy needs will also lead to considerable savings in electricity bills.

The answer depends on many factors including where you live how much roof space you have if your roof is shaded how much power you use what your local utility charges you for electricity and the prices offered by. With the 26 federal tax credit reducing at the end of 2020 millions of american homeowners are asking themselves whether or not installing solar panels is worth it this year.