Residential (Rooftop)
Solar System

What is Rooftop Solar System?

Rooftop

Benefits of Residential [Rooftop] Solar Panel System in Australia

1. Offsetting your electricity usage

The main way solar can lower your energy bills is by reducing how much electricity you need to purchase from your electricity vendor, which normally charges between 20 and 40 cents per kWh. The intelligence built into solar systems instructs your appliances to use solar electricity before “purchasing” energy from the grid. Your solar energy is being “self-consumed” in this case.

2. Feed-in-tariff for surplus energy

The system’s excess energy can be sold back to your energy retailer at a price known as a feed in tariff. These rates are fixed in WA and NT, but are left up to your energy retailer in other jurisdictions. what rate they offer you – view our comparison table here. In Victoria there is a mandatory minimum of 10.2c per kWh. Generally speaking, your feed in tariff rate is always lower than the rate your buying power.

3. An increase in property value

Installing solar power systems might raise the value of your home if you’re planning to sell. According to polls, the majority of Australians believe that solar panels increase the value of a property, and estimates indicate that a 5kW solar panel installation might increase a home’s value by about $29,000. That investment is wise.

4. Low cost of maintenance

In general, solar power systems don’t need much upkeep. They merely need to be kept somewhat clean; a few times a year of cleaning will do. After paying for the solar system’s original cost, you may anticipate spending very little on upkeep and repairs. An yearly examination with a certified inspector typically costs about $150

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What is the average cost of solar in Australia?

For those interested in knowing how much solar energy costs in Australia, the table below includes the solar price index and the current state-by-state upfront STC rebate amounts provided by the federal government, but it does not include any additional state incentives like the Victorian Rebate Scheme.

3kW 4kW 5kW 6kW 7kW 10kW
Adelaide, SA
$3,920
$4,570
$4,800
$4,730
$5,790
$9,140
Brisbane, QLD
$3,740
$4,290
$4,980
$5,590
$6,950
$8,710
Canberra, ACT
$4,580
$5,100
$4,990
$5,470
$6,260
$8,480
Darwin, NT
$5,570
$6,940
$7,810
$9,040
$10,020
$14,090
Hobart, TAS
$4,880
$5,440
$6,130
$7,050
$7,500
$10,880
Melbourne, VIC
$3,920
$4,200
$4,820
$5,350
$6,290
$8,590
Sydney, NSW
$3,910
$4,510
$4,950
$5,420
$6,480
$8,690
Perth, WA
$3,130
$3,530
$4,200
$4,900
$6,030
$9,160
All
$4,210
$4,820
$5,340
$5,940
$6,920
$9,720

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What is Payback Periods for Rooftop Solar Panel System in 2022

To estimate your solar system’s payback time With a 6.6kW solar PV system and an average daily usage of 25 kWh, we have generated the table below as a fast reference using some conservative assumptions:

Average price for 6.6kW solar system Average price for 6.6kW solar system Solar feed-in tariff ($/kWh) Payback period(Years) Internal rate of return
Adelaide
$4,990
$0.31
$0.10
2.5
40%
Brisbane
$5,240
$0.16
$0.05
5
20%
Canberra
$5,030
$0.20
$0.10
3.6
28%
Darwin
$8,970
$0.26
$0.08
5
20%
Hobart
$7,120
$0.27
$0.09
4.5
23%
Melbourne
$5,100
$0.25
$0.07
3.5
29%
Perth
$4,630
$0.29
$0.05
2.7
38%
Sydney
$5,360
$0.21
$0.05
4.3
24%

Assumptions:

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