Home Improvements – Should I Install a Home Solar System?
Solar panel systems are popping up on rooftops, becoming less of a novelty and a more common-place element cities landscapes. The growth of solar PV installation is due to a number of factors, the rise in electricity prices, decreasing installation costs of solar panels prices and the rebates available through Federal Government solar rebate systems.
In the past, solar panels were a questionable proposition, with high expense and low expected returns on your investment, but with recent technological advances and increased availability of Solar Rebates and incentives it’s become much more reasonable to install solar systems for the home, and use of home solar panels is gaining ground among home-owners looking to save on energy bills and gain some much needed independence from the grid. If you are looking to move to solar energy then there are a few considerations you need to make before you renovate your roof and install a solar panel system
- Cost of Solar panels
- Installation and Maintenance
- The Future of Solar Panels
Obviously, you’re going to want to know how much the solar panel system in Melbourne will cost you to install whether you are a home or business owner, but another attractive feature of solar power is the possibility of saving significant money in the long run on energy bills. Solar Rebates from local or federal government may lower the cost to you. The average Melbourne solar system costs anywhere from $15,000 to $40,000 and the up-front costs of a system break down like this:
- Equipment Costs
- Installation and Permits
The solar equipment constitutes about 45% of the over-all cost and includes the Solar panels, power inverter, mounting hardware and all the wiring. The variation within all of those pieces of equipment will affect the cost somewhat, but for a $28,000 system the equipment will cost very near to $12,600.
Installation and Permits
Once you have acquired all the equipment you’ll doubtless want it installed, and this will figure about 25% of the total cost. Something as complex as installing a solar panel system in Melbourne is best left to a professional contractor. Hiring a professional solar installer will ensure th
e job is done right the first time and that you won’t have to shell out further money to fix a poorly executed installation. A second cost of installation you may not have considered is Permits and Fees. It is important to investigate any permit requirements that Melbourne city may have, as well as inspection fees which may add as much as $3,000 to the overall cost..
If you’ve been keeping track of the math you’re probably wondering where the last 30% of the cost of your system has gone. Any Solar panel system requires maintenance to keep it running efficiently, and this is where the last estimated 30% of the money will end up. Besides any potential breakages or damage to the system, the power inverter will usually need to be replaced every 6-12 years, depending on use and other variables. Figuring maintenance into the cost of your system will prevent unexpected charges from sneaking up on you.
Ultimately if your are considering a solar panel system for your Melbourne home it should pay for itself as it saves you money on your monthly energy needs. The sun is a completely free source of energy and will continue to exist as such for the foreseeable future, which will also insulate you from any spikes in energy costs as you rely on you system.
It has never been as popular to install and invest in a solar panel system, as costs go down and efficiency increases, making this alternative form of energy more sustainable for a home consumer.