Why is now the right time to go solar?
Over the past five-to-ten years we’ve seen quite a reduction in the price of panels and inverters. That, coupled with the three incentive schemes that are available to households, and particularly the latest one, means in terms of financial incentives it’s the best we’ve had it since 2009 and possibly ever.
How do I work out if solar is a good option for me?
The easiest thing to do is get a copy of your electricity bill and speak to a solar provider. With that they should be able to give you a good idea of what you can save and if you can install solar – they’ll look at your roof using imaging software and work out if they can fit enough panels to match your power consumption.
How much does it typically cost?
Systems range from $5,000 to $50,0000-plus, depending on size and quality. I’d say the average for a quality 5kW or 16-18 panel system here in Victoria is around $7,000-to-$9,000.
How long would it take to pay off a $10,000 home solar system?
As a general rule of thumb in Victoria we’ve been looking at less than a seven-year pay-back term, depending on how the home uses power, but that was before the latest rebates were announced. We’ve even seen systems with sub-four-year pay-backs, so they are starting to be really quick. If you’re eligible for these latest ones you’re probably looking around five years.
What kind of roof do you need to have?
If you’ve got a tin or a tile roof, lots of north, east and west sun, and few obstructions that’s perfect. More exotic roofs can change the cost benefits around. For example, slate roofs are real doozeys to install on, and most solar providers will tend to stay away because of the risk of breaking tiles.