5kw Solar Panel System
A 5kW solar system is sufficient for an average Australian home. If a 5kW solar system is not enough for your energy needs, then something is wrong somewhere, and you should seriously consider having an energy audit done on your home.
If you want to get a new solar system or buy new batteries, a 5kW system is what you should consider getting. A minimum of that will meet your needs.
5kW solar systems offer great value per watt, and they provide a good energy yield sufficient for most homes. This is why they are one of the most of solar system capacity installed in Australia.
Output, Returns and Pricing of a 5kW solar system
Here, the output, returns, and pricing of a 5kW solar system are examined.
How much roof space will a 5kW solar system require?
A 5kW solar system will require about twenty to forty-meter square of roof space. The size of the panel varies, but each one can be 1.6m x 1m.
How many solar panels will a 5kW solar system require?
A 5kW solar system will need about fifteen to twenty solar panels. Each panel could deliver about 250W.
What’s the cost of a 5kW solar system in Australia?
Solar systems are getting increasingly popular in Australia. People are using more and more of solar systems in their homes and businesses in Australia. 5kW systems are the most popular choice for homes looking to acquire solar power systems.
It might be somewhat difficult determining the cost of a 5kW solar system as there are so many options available. You will find some extremely cheap 5kW panels from unrecognized manufacturers. These panels don’t perform as expected and they pack up within a short time. People that install these extremely cheap panels often find out that the panel has stopped working and the solar system installer has refused to answer their calls.
On the other hand, there are some solar panel installers that attempt to extort customers and charge them exorbitant prices for solar panel systems. Some solar panel systems often try to confuse customers, so that they can make more money from solar panel deals.
We use precise data from our installer network database to publish prices for commercial and residential solar systems. We aim at making solar power choices easy for people to make. We do this by providing simple information in an easy to understand manner. An average 5kW solar power system in Australia costs $1.26 per watt or $6,800. There is a minimum of $1 per watt which is $3,500 and a maximum of $2.10 per watt which is $10,500.
Before deciding on a solar power system, you need to take your time and evaluate all options carefully. You need to understand the price range of various solar power systems and the differences in these systems. You also need to understand the full advantages that using a solar power system will give you in Australia. You need to understand what you stand to gain from a 5kW solar system regarding savings in your electric bills and the power output that you will get.
How long does it take for a 5kW solar power system to pay for itself?
The solar panel payback period is depending on various factors including the gross cost of the solar system, the value of up-front financial incentives like tax breaks and rebates, additional financial incentives, your average monthly electricity use, and your estimated electricity generation.
If you use all the energy yourself and assuming that you pay a good price for a 5kW solar system, the solar power system can pay for itself in less than five years. This is quite good and brings you a lot of value.
You can even save more money if you get a good solar finance. The finance could be so affordable that the amount you spend monthly on paying the loan back is less than the monthly energy saving that you get.
How much money can I save with a 5kW solar system?
A lot of people think that because a 5kW solar system is sufficient to meet their energy needs, they won’t need to pay electric bills again. But that is not true in any way.
In most Australian states, the amount of money that electric companies will pay you for solar energy is much less than what they will charge you for buying electricity from them. There are also costs on bills like service charges, supply fees, etc. Regardless of these costs, solar power is still a good investment that will save you a lot of money in the long run.
A typical example is explained below. You might be paid 8 cents per kWh for solar energy that you export to the electric grid while you buy electricity from the electric companies at 30 cents per kWh. The following will show you how payback works for solar systems.
- You export all the electricity your solar system produces: If you export all the electricity that your solar system produces, you will save $700 in your first year.
- You export half of the electricity that your solar system produces: If you export half of the electricity that your solar system produces, you will save $1400 in your first year.
- You use all the solar electricity in your home: It is almost impossible to use all the solar electricity that you produce in your home. You can use all electricity generated if you operate a small business in your home or you have some crazy energy-consuming machinery in your home. If you do this, you will save $2100 in your first year and save $67,000 in 20 years (adjusting for electricity inflation).
If you need more information on solar electricity and solar electricity installations, you can give us a call now. We have solar systems that fit any requirement. Just give us a call, and we will provide you with a solar system that will meet with your budget, your needs, and your requirements.
Contact today on (03) 9310 4718 for more information!