Solar power costs
How much does the average-sized solar system cost to install?
This depends on the size of your house, your energy consumption, and the quality of the system. When it comes to solar, you get what you pay for. Basic solar systems can range from as little as $2,000 after all the rebates to tens of thousands of dollars for high-specification systems.
High-spec systems will produce more power from the same number of panels and last much longer than cheaper ones, meaning you can save for years and years into the future. The average price for a good system after rebates will be around $5,000-$7,000.
How much will my electricity bills be with solar?
That depends on the solar system installed and how much energy you consume. Many household bills can be more than halved, with ‘negative bills’ in summer that can leave your account in credit and help offset winter bills as well.
For an estimation, you can plug your average daily energy use and the number of solar panels you want into the RACV solar calculator to estimate the cost of a solar system and your potential annual savings – both financial and carbon.
Am I eligible for solar rebates?
Some solar systems installed by accredited installers and using approved products are eligible for Victoria’s Solar Homes Program. The value of this incentive will depend on the size of the system, but can be up to $1,400 for a typical-sized residential system, with the ability to also take out an interest-free loan for the system. More information can be found with Solar Victoria. Additionally, the Solar for Business Program rebate can be up to $3,500 or 50 per cent of the total cost: whichever is the lesser.
From 1 April 2022, the Small-scale Renewable Energy Scheme has introduced new financial incentives for individuals and small businesses that install solar panels, solar water heaters, and other small-scale renewable energy systems.
You can also receive rebates for installing solar batteries. Currently the rebate pays up to $3,500, or $4,174 if you join a virtual power plant (VPP) pilot program.
To see what more homes and businesses are saving, check out some of RACV Solar's customers.
How long does it take to install solar in a standard home?
On most standard single-story homes, installation can be completed within one working day, weather permitting. For double-story homes, large systems (10kW+), or systems with storage, installation may take 2-3 days, and disruption to the household’s power supply will be minimal (less than 1-2 hours in most cases).
Where can I get solar? Can I install it myself?
Solar panels can only be legally installed by an electrician, and they must be certified for solar for you to be able to claim government incentives and rebates. When shopping around for solar, look to buy from a Clean Energy Council (CEC)-approved solar retailer.
Additionally, if your system is installed by a non-accredited installer, you will not be eligible for government rebates. RACV Solar is a CEC-Approved Retailer and is eligible for the rebate program. Our team of experts can design a system to suit your specific needs.