How Much Do Solar Panels Cost

When you're considering making the transition to using solar energy, there's a lot of different angles to take into account. Without question the first and most important one to the average home owner's mind is "How much is this going to cost me?" This question seems like a simple one on the surface, you just call up and ask your local solar panel provider in Australia for a quote, have them come out, job done, right? If all you're looking for is how much they'll cost you initially, then this is a complete answer, the long term answer is going to be much more complex. This is just a basic over-view of the costs of solar panels Melbourne and how to go about calculating their true cost on a long timeline. It is best to contact a solar power professional, and get a full no-obligation quote today!

HOW MUCH DO SOLAR PANELS COST - THE COMPONENTS:

* Cost of Solar Installation and Supplies - The base cost of your systems

* Government Solar Rebates- Ways to reduce your cost overall with government programs.

* Long Term Payouts - How solar panels pay you back.

COST OF INSTALLATION AND SUPPLIES

The base price of installing of installing SOLAR PANELS IN MELBOURNE can vary rather widely depending on your energy requirements. The first step is to call a professional solar contractor come out and assess your home, sit down with your power bill and go over all the details. Current research indicates that the total cost of installing a system in Australia today will run you between 18,000 and 40,000, with most companies offering a financing program to help reduce the initial costs. This is a significant investment in a Melbourne home or business, and this initial cost may give you pause, but this is just the base cost. There are other cost elements to consider.

GOVERNMENT SUBSIDIES

In Melbourne, Victoria you'll find that there are government solar rebates that can benefit you before and after investing in solar panels. Some government subsidies will pay a portion of the cost of the installation in certain circumstances, significantly lowering how much your initial investment would be. In most areas you'll also find yourself subject to an additional subsidy, where the power company is required to pay those who are producing more energy than they use, pumping it back into the grid. So not will your solar panels provide you with an overall reduction in your power bill, they can also actually pay you by pushing power back into the grid that you're not using!

LONG TERM PAYOUTS

Depending on where in the world you are, the overall cost of your solar units can wind up being completely eliminated on a long enough timeline. In others you'll actually find your solar panels actually paying for themselves in a few short years, and then paying for their ultimate upgrade or replacement long before that comes due. Also, be aware that in some cases the government subsidy isn't going to pay out immediately, and may take up to a year for that cost to be returned. Again, this is one of those moments where determining the true cost of your solar panels requires a long view.

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Reference: cleanpowerlife.blogspot.com