The price of a 5kW solar panel system in Bunbury is generally between $3000 and $7000. These prices depend on several factors, including the system size, type of panels, and installer. As of September 2024, 8,422 small-scale systems have been installed in Bunbury.
Investing in solar panels is an increasingly popular decision among homeowners in Bunbury and throughout the South West of WA. The appeal of reducing energy costs, lowering carbon footprints, and gaining energy independence makes solar energy an attractive option. This blog will help you understand the cost of installing solar panels in Bunbury and the potential savings.
Average Costs of Solar Panels in Bunbury
As of the last year, the average cost of solar panel systems in Bunbury is as follows:
- A 3kW system costs between $3,500 to $5,000 after incentives.
- A 5kW system is typically priced between $5,000 to $7,500 after incentives.
- A 10kW system could range from $10,000 to $12,500 after incentives.
Factors Influencing Solar Panel Costs in Bunbury
1. System Size and Capacity
The cost of solar panels largely depends on the system size you choose. Most residential solar panel systems range between 3kW to 10kW. The size of a system directly impacts its cost. Larger systems, while more expensive to install, have the capacity to produce more electricity. The average size of an Australian rooftop solar system is around 9kW (including commercial solar). However, a 5kW system is usually enough to fulfil the electricity needs of an average Australian household. This size also offers a good balance between cost and energy savings.
2. Panel Quality and Type
Not all solar panels are created equal. High-efficiency panels, often made of monocrystalline silicon, tend to be more expensive but convert more sunlight into electricity. Alternatively, polycrystalline panels are generally less expensive but might be slightly less efficient. Your choice will depend on your budget and the size of your roof.
3. Installation and Labour Costs
Another consideration is the installation cost, which can vary based on roof type, height, and accessibility. Installation by New Energy Tech qualified electricians ensures systems are safe and effective. Prices can also vary between different solar companies in Bunbury. It’s wise to compare multiple quotes to ensure the best deal and service quality.
4. Government Solar Incentives
The Australian government offers incentives like Small-scale Technology Certificates (STCs) which can significantly reduce the upfront costs. The number of STCs awarded depends on your system’s size and location. Bunbury residents can take advantage of these incentives to offset their installation expenses. The STC rebate value is generally applied as a discount to the upfront price of your solar system.
Further Reading: What is the Solar Rebate in Bunbury?
Potential Savings and Return on Investment (ROI)
Remember to factor the long-term savings into the initial costs of installing solar. Solar panels provide long-term savings such as reduced energy bills, feed-in tariffs, and increased property value. The return on investment can be quite substantial. Bunbury households often achieve a full payback within 2 to 4 years, depending on energy usage and system size.
If you’re considering going solar, South West Solar Force can assist with detailed consultancy and competitive quotes tailored to meet your specific needs and budget. Embrace the power of the sun and make a positive impact on both your finances and the environment.
