Solar Panels Gold Coast: Best Solar System Prices, ROI and Output
In today’s world everyone is talking about renewable energy due to the effect of global warming and hence increasing pollution levels. More and more people are leaning towards the usage of renewable energy and solar panel system is the most preferred option as compared to the other sources of renewable energy. It not only helps to control the pollution levels but it also helps in reducing the cost of electricity to a considerable extent, hence providing double benefit. In this topic we are going to discuss about of the best solar systems available in Gold Coast, best solar system deals in Gold Coast, ROI (Return on Investment) from solar systems in Gold Coast. Around 30% of the homes in Gold Coast have solar panel systems on their roofs and it is constantly increasing. There are many reasons why so many homes have gone solar in Gold Coast. The main reasons are High federal government solar incentives, competitive prices and abundance of sunshine. Gold Coast receives an average of 4-5 hours of daily sunshine, making it one of the best places to install solar PV systems. More sunshine means more savings and a higher return on your investment. Gold Coast is a major tourist destination with its sunny subtropical climate. It is the sixth-largest city in Australia, making it the largest non-capital city, and Queensland’s second-largest city with an estimated population of around 0.57 million.
| Month | Installations |
|---|---|
| Aug-19 | 608 |
| Sep-19 | 608 |
| Oct-19 | 782 |
| Nov-19 | 826 |
| Dec-19 | 847 |
| Jan-20 | 647 |
| Feb-20 | 671 |
| Mar-20 | 824 |
| Apr-20 | 622 |
| May-20 | 624 |
| Jun-20 | 788 |
| Jul-20 | 761 |
Brisbane installations – Source http://www.cleanenergyregulator.gov.au/ Being close to Brisbane, Gold Coast gets advantage of latest technologies and experienced solar installers faster which is another reason you should get a solar system for your home if you still haven’t got one. Due to adequate sunshine, polycrystalline panels majorly serve the purpose. If budget is not a constraint, you can go for monocrystalline solar panels. However, currently polycrystalline solar panels are mostly withdrawn from the market and have been replaced by monocrystalline panels due to various technological advantages associated with them. In case of shading issue around the property, you can ask for Half-cell technology solar panels system in Gold Coast as per your budget. There are variety of inverters with latest technology are available to choose from. You can decide the best solar panel system in Gold Coast in consultation with our solar experts suitable to meet your requirements and fits in your budget. The most important reason to go solar from an individual point of view is to reduce the cost of ever-rising electricity bills. Solar panel system, being an easy and affordable option serves this purpose as the price of solar panel system in Gold Coast, rather Australia is subsidised with the Australian Federal Government solar incentive scheme which entitles you to claim rebate on purchase and installation of solar system. The rebate or subsidy referred to as STC (Small Scale Technology Certificate) allows a discount on the final price of the solar system that you actually have to pay out of your pocket. Feed in tariff (FIT) is an additional benefit you get from solar system. You can still get financial returns even if you are not able to consume the amount of solar energy generated by your system fully. You benefit from the minimum FIT rates regulated by the state government that varies from state to state. The power is in your hand to negotiate with your retailer a FIT rate over and above the minimum rate announced by the government.
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STCs on purchase of solar system for your home in Gold Coast
The amount of STCs depends on the place where you live and it phases out slowly every year. Currently, STC value ranges anywhere between $500-$600 per kilo-watt of solar system installed at your home in Gold Coast. Number of STCs on a 5kW solar system in Gold Coast in 2020 is 76. STC Price fluctuates anywhere between $34 to $40, hence assuming a price of $38 per STC, you get a total solar rebate of $2888 for a 5kW solar system installed at your home in Gold Coast in the year 2020. Similarly, a 6.6kW solar systeminstalled at your home in Gold Coast in the year 2020, can fetch you a total solar rebate of $3800 and a 10kW solar system installed at your home in Gold Coast allows you a solar rebate of $5776. This means your total out of pocket expense on purchase of solar system in Gold Coast is reduced to this extent. As the solar rebate fades out each year in a phased manner resulting in increase in the price of solar system, the best time to buy a solar system for your home in Gold Coast is now as it starts giving you benefit with an immediate effect. Call us on 1300 650 747 and talk to one of our solar experts to get more information and get the best solar system deals in Gold Coast.
Solar system Output in Gold Coast
As solar system is considered as a long-term investment as the average life cycle of a solar power system is considered to be between 10-15 years, a common question asked is about output from a solar system. Before we jump into output from a specific size of solar system, we will first learn what are the factors that affect output or productivity of a solar system which are listed below:
Having considered all the above options, output from solar system in Gold Coast is dependent on an average sunlight of 4-5 hours per day. A 5kW solar system in Gold Coast is expected to provide an output of 20kW – 22kW per day. Similarly, A 6.6kW solar system in Gold Coast is expected to provide an output of 24kW – 26kW per day and A 10kW solar system in Gold Coast is expected to provide an output of 40kW – 44kW per day.
Solar system Return on Investment (ROI) in Gold Coast
Solar is becoming an unavoidable option with the constantly upward trending electricity bills. Constant support from the governments in terms of solar rebates and buybacks (feeding the excess electricity back to the grid) also make it more lucrative option to go for. Residential solar system has become more and more affordable in the past few years due to advancement of technology as they are acquiring lesser and lesser roof space and generating more electricity. ROI on a mid-range home solar system averages around 4-6 years. It all depends upon the individual consumption and usage patterns but the fact remains that more you consume the solar electricity, the more you save on your electricity bill. If you buy your solar system on finance, your fortnightly or monthly repayment can be taken care from the savings made from solar usage. Therefore, giving you an option to own a system without a large investment at a time and reaping the benefits for a lifespan of the system which is usually around 10-15 years. ROI on a 5kW solar system in Gold Coast can range anywhere between 2.5 to 4 years. Similarly, ROI on a 6.6kW solar system in Gold Coast can range anywhere between 3 to 5 years and ROI on a 10kW solar system in Gold Coast can range anywhere between 3 to 5 years. This again leaves a question in your mind as the ROI on 5kW solar system in Gold Coast gives you a better ROI as compared to a 6kW or 10kW solar system in Gold Coast. However, the difference lies in the amount of savings that is generated by a bigger system as compared to a smaller system and this completely depends on your electricity consumption. We hope that above information will certainly help you to make your solar system purchase in Gold Coast easy. If you are looking for more information, do not hesitate to call us on 1300 650 747 and talk to our friendly staff. We will be glad to make your solar system experience in Gold Coast a pleasant one.
