With the declaration of state government rebate and interest free finance on solar panel system in Victoria on top of the federal government STC, more and more people are leaning towards solar panels in Victoria. Out of pocket expense for installing solar panel systems and batteries have considerably reduced because of this rebate announced by the state government in Victoria and helping Victorians to mitigate the ever-rising electricity costs to a great extent.
People of Victoria who could not afford the solar panel system earlier has also started thinking about installing the solar panels for their homes in Victoria.
With relatively less number of sunlight hours, the climate of Victoria is less suitable for the solar systems as compared to the other states of Australia located in north, east and west.
However, with the announcement of state government rebates in addition to the federal government STC, the actual cost of solar system has been quite affordable and proving to be a very good return of investment to curb the electricity costs to a considerable extent.
These reasons put together along with the ever-rising electricity bills makes solar panel system an inevitable choice for the customers in Victoria.
Considering an average lifespan of around 15-20 years, solar panel system is considered a fruitful investment in Victoria in the long run.
As we have seen earlier that a major part of Victoria falls in STC zone 4, the price of the solar panel system in Victoria is highest as compared to the other states. However, with the announcement of state government rebates in addition to the federal government STC, the actual cost of solar system has been quite affordable. The state government rebates straightaway reduce the out of pocket cost and also provides and option of interest free loan on purchase and installation of the solar system in Victoria for the eligible customers.
Price in the regional Victoria area will be higher as compared to the metropolitan area of Melbourne as it includes the cost of transportation of goods and travelling cost.
A typical 6.6 kW solar panel system in Melbourne for a standard metropolitan installation will cost anywhere between $3000 – $4000 after deducting the state government rebate and on top of this an option to pay a part of this amount with an interest free loan is also available with the customers.
Price of a 6.6kW Solar Power System will vary for regional installations and for installations on a double or multi-storey house or on a house with a tile, decramastic roof. A 6.6kW Solar Power System price will also vary depending on the brand of panels or inverter.
With relatively less number of sunlight hours, the climate of Victoria is less suitable for the solar systems as compared to the other states of Australia located in north, east and west. Considering an average of 4 hours of daily sunshine; a 6.6kW solar power system is expected to generate around 22kW – 24kW per day. Considering an average daily power generation of 23kW in a day and assuming that you pay 25c tariff to your electricity company, a 6.6kW Solar panel system in Victoria can help you to save $5.50 per day if you consume the entire power generated by the solar system. In this case, your yearly saving will be around $2000. However, in practical scenario the entire power generated by the solar system is not consumed and transferred back to the grid, for which you are entitled to get the benefit of feed in tariff.
In such cases, your yearly saving will reduce to the extent the power is not consumed by you and sent back to the electricity grid. In short, if you consume solar power, you save 25c (rate at which you are billed) and if you are not able to consume solar power, you save at the existing feed in tariff rate.
If your property is connected with the electricity grid, you can decide to go for a grid connected solar panel system in Victoria. This type of system helps you to save the electricity cost during the sunshine hours as it uses the electricity generated by the solar power system as against the costlier electricity from the grid. This system comes with solar panels and a conventional inverter connected with your electricity grid. This system works only if the electricity grid is on and stops working in blackouts or grid failure.
This solar panel system works best for homes and commercials like offices or sheds where majority of power is consumed during daytime.
If you consume more power during after-hours or your electricity consumption is higher during night, you can go for a hybrid solar panel system in Victoria. A hybrid solar power system provides an option to store the excess unconsumed solar power in a battery which can be used after hours or during night time so that you can minimise your electricity usage from the costlier electricity from the grid.
Hybrid solar power system comes with solar panels, a hybrid inverter, and a battery as per your requirement.
In case if your property is not connected with the electricity grid, you can go for off grid or standalone solar panel system in Victoria. This system comes with solar panels and batteries.
This system usually proves to be very costly as number of batteries are required to store the power and the cost of batteries is quite high.
Currently, a 6.6kW solar panel system is mostly in demand in Victoria. A 6.6kW Solar Power System is widely accepted and most reliable solar power system for a residential property in Victoria. 6.6kW Solar Power System is suitable for large families or homes with lots of power-hungry appliances. A 6.6kW Solar Power System comes with 16 X 415w solar panels and a 5kW inverter. However, Solar panel system in Victoria also comes in different sizes like 5kW, 10kW, 20kW, so on and so forth depending on the consumption and requirement. Our solar panel system expert will assist in identifying the appropriate system size for you if you are based in Victoria.
Call us on 1300 650 747 and speak to one of our representatives to take a first step towards your solar journey.
