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Australia set for cheaper solar power as supply of panels soars, says report
(www.theguardian.com)
this post was submitted on 13 Jun 2023
26 points (100.0% liked)
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When I installed solar panels on our first home - about 12 years ago - it paid for itself within 5 years, and that’s ignoring the solar feed-in tariff that was very high at the time.
The same size system is now about 1/4 of the cost. It’s really cheap over a few years if all your cooking and water heating is electric. You need to get a reasonable size system otherwise it’s false economy. Everyone’s needs will be different, but not less that a 5kw system is a good rule of thumb.
We paid $4000 all up for our 6.6 kW system 3 years ago. It's been pretty solid and good for the budget despite the dwindled FiT. I wouldn't like to see our electricity bills if we weren't cancelling out most of the daytime usage.