How Much Do Solar Panels Cost in Australia?

Like many other Australians you may have decided to go green and embrace solar energy. It is a positive step given the kind of side effects we are seeing from greenhouse gases and depletion of the Ozone layer. Since solar energy is available in abundance it is a wise choice to generate your own electricity and reduce your dependence on traditional source of energy derived from coal and gas. The question on everyones’ mindis – how much do solar panels cost in Australia? And the fact is you may have already heard different prices from different people and websites which make it all the more confusing. In this write-up we shall clear up several doubts you have in your mind regarding solar panel cost Australia. Solar Panel Prices To start with solar panels didn’t come cheap in the past but people who embraced them were able to recover the input cost over a period of time and have also been able to reduce theirmonthly electricity bill. In the recent years however the cost of solar panels have come down significantly and cost only a fraction of what they used to cost a decade back. Today you can easily install panels that have 5kW energy generation capacity for about $AUS 4,600 on average and with the rising cost of power, these systems can pay for themselves in as little as 3 – 4 years. Other Costs Involved Other than the cost of the systems themselves including the solar panels and inverter, there are 3 other major things that contribute to the cost of solar installation. These include Mount – You need to invest in a good quality mounting system that would hold the solar panels on your roof or in the exterior of your property. The mounting system has to withstand severe weather conditions and you need to invest in one that is rust free and shall serve you for long. Balance of System –You will need to invest in a Balance of System which basically includes cables, switches and most importantly the inverter that will convert DC current in AC to be used across your home. Installation – You need to get the solar PV system installed by an expert. While you may have watched several DIY videos it is highly skill demanding job that is best left to the experts. Check out reputation of the local companies and hire one that enjoys great reputation. The cost of solar panels in Australia can vary from one Installation Company to another and the quality of panels installed and their efficiency levels also tend to vary. This is where you need to choose the PV panels you are installing carefully. There are websites that compare the prices of PV panels from local contractors and also share customer experiences. By reviewing these websites you will be able to make the right choice as far as solar panel installation is concerned.