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What is the Cost of Solar?

Introduction

At Oz Solar Generation, we're passionate about helping Australians harness the power of the sun. One of the most common questions we encounter from homeowners and businesses considering solar is, "How much does it cost?" Understanding the various factors that influence the cost of solar panel installation can help you make an informed decision. In this article, we'll break down these factors and provide a clear picture of the investment involved in going solar.





Factors Influencing Solar Costs


Solar Panel Manufacturers There are many solar panel manufacturers out there, each offering different products and prices. At Oz Solar Generation, we work with top manufacturers like Jinko and Suntech. A lot of these brands vary in price and quality, with some offering higher efficiency and longer warranties. While it might be tempting to go for cheaper options, investing in reputable brands ensures better performance and durability in the long run.


Inverter Costs Deciding on which inverter will most likely be the most important decision you will have to make on your solar journey. This converts the DC power (from solar panels) to AC power (the power you use in your house) The inverter options range from String inverters, DC Optimiser systems and micro inverters. All of these options have different pros and cons and depend on each house's unique requirements. String inverters are quite cost effective but have less warranty than micro inverters. Micro inverters and DC optimisers also work better in shade. This can confuse some homeowners and this is why we help guide you through this decision.


Installation Costs Installation costs can vary depending on several factors, including the complexity of the installation. Some factors that affect installation cost are: The type of roof (tin/tile/kliplok) , its height (two story vs single story), and angle (how steep is the roof) can all affect installation difficulty and, consequently, the price. At Oz Solar Generation, we ensure a seamless installation process, providing quality workmanship at competitive rates.





System Size 

The size of your solar system is determined by your energy consumption needs. Larger systems generate more power but come with higher upfront costs. However, they often provide greater long-term savings. Our team at Oz Solar Generation will work with you to determine the optimal system size for your home or business, ensuring you get the best value for your investment and future proof your home.


Average Costs in Sydney

In Sydney, the average cost of a solar panel system depends on the factors mentioned above. For a standard 6.6 kW system, which is a popular choice for many homes, costs typically fall between $4,500-$9,500. At Oz Solar Generation, we strive to offer competitive pricing without compromising on quality.


The price at Oz Solar Generation for a good quality system is listed below:

  • 6.6kW system: $4,275 to $9,300

  • 10kW system: $6,000 to $14,500

  • 13kW system: $7,100 to $17,00


Government Incentives and Rebates

The term "solar rebate" often misleads, as it actually refers to incentives provided through Small-scale Technology Certificates (STCs) under the Australian Government’s Renewable Energy Target (RET) scheme. This program helps reduce the initial costs of installing solar systems by issuing STCs based on your system's size, location, and installation year.

The number of STCs awarded decreases annually, and the program is set to end by 2030. Therefore, installing your solar system sooner ensures you benefit more from these incentives before their value further declines.

Additionally, some states offer additional rebates and incentives to further lower the cost. Our team at Oz Solar Generation will help you navigate these incentives to maximise your savings.





Potential Savings and ROI

While the initial cost of solar panels can be substantial, the long-term savings often justify the investment. On average, Australian households can save between $1,000 and $3,000 annually on electricity bills. Over the lifespan of a solar system (typically 25 years), these savings can add up significantly, resulting in a favourable return on investment. At Oz Solar Generation, we aim to provide solutions that deliver both immediate and long-term financial benefits.


Financing Options

To make solar more accessible, various financing options are available, including solar loans, leases, and power purchase agreements (PPAs). These options can help spread the cost over time, making it easier for more people to afford solar installations. Our team at Oz Solar Generation will work with you to find the best financing option to suit your needs.


Conclusion

The cost of inaction in adopting solar energy is multi-faceted, affecting your finances, the environment, society, and even personal aspects of your life. At Oz Solar Generation, we believe in empowering our customers with the knowledge to make informed decisions. By choosing solar, you not only invest in a sustainable future but also protect yourself from the rising costs and adverse impacts of continued reliance on traditional energy sources. Contact us today to learn more about how you can benefit from making the switch to solar.



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