Basic installation might be $3500 and payback time could be within 2 to 7 years. Those are just rough estimates because the upfront costs and payback time depend on the available roof space, number of panels, your location (amount of sunlight, available financial incentives), your energy requirements, quality of the system, power output and integrity of the installation (done by licensed professionals and all according to the latest Australian Standards).
How much does it cost to install solar panels?
For a more precise quote and give you a quick idea, you can phone us here at Essential NRG (0409 381 978).
For example, a 5 kW solar power system could be already enough for your daytime electricity use and if you’re in Sydney the payback could be 4 to 5 years. Again these are just rough estimates because it still depends on the site’s profile and your energy requirements. Also, there could be additional costs relating to installation and site preparation such as the need to remove the shading and trim the surrounding trees so that the solar panels will get more sunlight.
About your roof, warranties and other concerns
Aside from upfront costs, you’re also thinking about the product warranty, your roofing and others. For example, is your roof suitable for solar? Most likely it is, but to maximise your gains and savings, additional angled mounts might be installed (a particular angle is usually needed for the panels to work correctly). Also, the roof will be inspected for integrity and stability so that the panels will remain in place as well as ensure the roof is stable after the solar installation.
What about the warranty? Ten years is the most common and the panels could still be repaired or replaced for free if there are manufacturing faults. The inverter (for converting the panels’ input of DC into AC that our homes use) has a separate warranty of 5 to 10 years. Aside from the warranty for the panels, inverters and other components, the performance warranty is also included. For example, solar panels might have a performance warranty of up to 25 years. This is different from the product warranty which is about manufacturing faults. Performance warranty is about the guarantee that the panels’ power rating and efficiency will slowly and gradually (not rapidly or drastically) degrade over time.
If you have questions about solar installations, upfront costs and warranties, you can phone us today at 0409 381 978. We’ll clearly explain what it takes to have a solar power system in your home and we can give you a no-obligation quote.