How much do solar panels cost in Sydney?
When you want to install a solar system in Sydney, you are worried about expenses. Many people think that solar panels are very expensive and that you need a fortune to install them. But the reality is not like that. You can search for reasonably priced systems that can fulfill your needs at low cost.
Some online providers claim extremely cheap solar panels and inverters. But you have to check their hidden costs. Some other quotes can be overpriced by thousands of dollars, so one has to check what he or she would be paying for the system.
Many users think that finding the right price for a good quality solar system can be tricky. Let’s check what is the average cost of solar panels if you want to install Solar Panels in Sydney.
Solar power price in Sydney
If you want to cut through the confusion, then you have to check the prices and before making a decision, you need to gather all the required information. Thus, the decision will be an informed decision.
For a good quality solar panel installation, the average price of a 6.6kW solar system in Sydney begins at around $6,500. It is a fully installed system.
If you think about a smart solar system, then it begins at $8,900. This system will output around 25kWh a day. If the system works at the best efficiency, then one can save around 2000 to 2500 dollars on power bills.
When one searches for a good quality solar panel installation, the average price of 10kW solar in Sydney starts at around $9,000 when it is fully installed.
If you want the same capacity in a smart system, then you will have to spend $12,500.
This system can produce an output of around 40kWh a day, and you can save around $3200 – $4000 every year on power bills.
However, you should not forget that the savings will largely depend on how much power you consume and how much you send back to the power grid. The money you spend on electricity depends on your consumption. Therefore, you should generate more Solar Power in Sydney. The more you generate, the more you can send back.
To get the most out of your solar system, experts recommend including battery storage so one can use excess solar power in the evening.
Also, you need to keep the panels clean to get the maximum benefit. There are many service providers that offer solar panel cleaning in Sydney.
If you do not have enough money to install solar panels in your home, then you can get loans. Many banks offer very low-interest rates for green loans to their mortgage customers. This low interest could be as low as 2 percent.
Some community banks offer higher loans, such as 5 percent to 7 percent.
Interest rates will vary depending on the credit rating of the borrower. That is the reason, it is worth talking to the lender so that the right rate estimate can be discussed.