When you are connected to the grid without a solar system, all your electricity comes from an energy retailer, costing at least 21c per kWh. Installing solar panels, however, allows you to reduce this expense significantly by generating your power. Every kilowatt-hour (kWh) of solar energy you consume is a kWh you don’t need to buy.
To make the most of your solar investment:
1. Choose the right-sized system for your energy needs.
2. Monitor and adjust your energy usage to maximise self-consumption.
You can also earn approximately 6.7c per kWh by sending any excess energy you produce back to the grid, though using as much of your solar power as possible typically results in greater savings. This approach not only reduces your energy bills but also makes your solar system a worthwhile investment for long-term savings.
Investing in solar panels and battery storage in Victoria is made more affordable through federal and state government rebates and loans.
Solar Panel Rebates & Loans
The cost of a solar system depends on factors like system size, brand quality, and installer expertise. While opting for a lower-cost installer may be tempting, quality should not be sacrificed. Choosing a reputable, CEC-accredited installer ensures that your system will perform reliably and meet Australian standards for safety and efficiency.
Melbourne boasts some of the world’s most affordable PV (photovoltaic) system installation prices, thanks to the STC rebate and the Victorian State scheme. This affordability has contributed to the widespread adoption of rooftop solar across the state. According to Solar Choice’s data from July 2023, the average cost for a 6.6kW system in Melbourne is around $6,030 (including the STC rebate and GST but excluding the state rebate). If eligible, the Solar Victoria Rebate can reduce costs by $1,400.
The power output of solar panels depends on system size, quality, and orientation. On average, a 6.6 kW system produces around 24 kWh per day under ideal conditions, which can significantly reduce household energy bills. Here’s a quick overview of expected outputs:
Factors like shading, roof orientation, and seasonal weather can impact the system’s effectiveness. To optimise efficiency, consult a Clean Energy Council (CEC)-an accredited installer who can assess your home’s specific conditions.
