Cost Of Installation Of Solar In Gold Coast

The cost of solar panel installation in Australia varies. Some factors need to be considered in order to arrive at an accurate computation. The size of your solar panels is a big factor in determining the cost of the installation and of course, the amount of energy you want to generate. The material of your solar panels will also determine the amount of your overall installation costs. This is also the reason why some prospective solar power users utilize solar power calculator to weigh the advantages and disadvantages of getting Solar in Gold Coast, financial wise.

If you are thinking about converting your energy source to solar power, now is the perfect time to do that because the cost of installation has gone down compared to what it was in 2009. In 2010, the cost of 5kw solar power system installation would amount to $17,000 to $20,000. At present, the same system would only cost you $7000 to $15,000 for the installation. The cost would even get lower since the Australian government provides financial incentive to those who will install Solar in Gold Coast and all over the country. The financial incentive is called Small-scale Technology Certificates (STC). It is a rebate offered by the government to those who will install solar power system at home or in their establishment. The rebate can be taken out of installation cost or every month while having the solar power system. STCs can be bought or sold and its value changes from time to time. As of July 2016, by installing a solar power system, you will get a solar rebate of $700 per kW. To illustrate more, the computation of your expenses would look like this:

Overall cost of 3kW solar installation: $7,100
Solar power rebate: $2,100
Net cost: $5,000

To determine the exact cost of Solar in Gold Coast installation, request for cost estimates from at least service providers. Solar contractors will check your premises and will determine what exactly you will need and how much solar energy is needed to provide your power needs.