Are you confused to find best solar system supplier and installer for your home? By this blog, you will know important guidance of choosing different types of solar PV systems, how much it will cost, what are Government incentive scheme available in your region, applicable Fee-in tariffs scheme. This information is really helpful to before signing installation/maintaining solar system contract.
As you know, solar panels have been installed on the rooftops of houses and commercial buildings in Australia since the 1970s. Nowadays, there are more than one million solar rooftops producing safe and reliable clean electricity across Australia.
Different Types of Installing Solar PV Systems:
A solar PV system is made up of a mounting frame with PV modules and an inverter that converts the direct sunlight from DC (direct current) to AC (alternating current), thus solar power can be used in your house or exported back to the grid. There are three types of solar PV systems can be used such to run your household appliances.
- Grid-Connected Solar PV System – These systems are most commonly used to generate solar power. first to produce electricity from the grid. At night, electricity is supplied from the grid.
- Grid-Connect with Battery Back-up Solar PV system – These systems are referred to as uninterrupted power supply units because of battery back-up solar panel installation can be viable option to store electricity during the day and run your household appliances at night. Major benefit of being able to supply energy during grid power outages.
- Stand-Alone Solar PV system – These systems are not connected to the Grid and typically installed in remote area where is limited connection to the grid. These systems have batteries or back-up generation to provide power at night.
Estimated Solar Panel Installation Cost:
The price of your residential solar systems can be affected by a number of things, including: Government Incentives, Contractor installation costs, type, size and number of PV panels and inverter, Height and accessibility of roof whether it is tiled or metal or concrete.
|SYSTEM SIZE||ESTIMATED PRICE RANGE|
|1.5 kW||$2500 – $6500|
|2 kW||$3000 – $7500|
|3 kW||$4500 – $8000|
|4 kW||$6000 – $9500|
|5 kW||$7000 – $11500|
Make sure to be aware of extra costs that might not be included in your initial quote.
Australian Government incentives available in the form of Small-scale technology Certificates (STCs) which is help to reduce the upfront cost of your Solar Panel Installation. STC is equivalent to 1 Megawatt-hour of electricity generated by your solar PV system and it is a subsidy you receive according to your location and size of solar PV system and its price.
In Sydney Zone, approximate STC Subsidy price is declared up to $2170 (62 STCs x $35). This price will vary.
A feed-in-tariff (FIT) is the rate you are paid for extra electricity generated by your solar panel system that you export back to the grid. The fee-in-tariffs differs from state to state, and from retailer to retailer.
In New South Wales (NSW), Annual FIT value depending on savings that could be made on a 3kW system and household energy consumption of 17kWh/day. To know detailed FIT information, you can call Department of Industry and Investment, 1300 136 888.