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Australia set for cheaper solar power as supply of panels soars, says report
(www.theguardian.com)
this post was submitted on 13 Jun 2023
28 points (100.0% liked)
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I love to see it. I think a lot of people are still scared off of solar because they think it's crazy expensive and they won't see a payoff for 20 years. The more people put solar on their houses, the less need for huge, damaging power plants. I'm sure the people in charge don't like that, but other than that I don't see a downside.
When I installed solar panels on our first home - about 12 years ago - it paid for itself within 5 years, and that’s ignoring the solar feed-in tariff that was very high at the time.
The same size system is now about 1/4 of the cost. It’s really cheap over a few years if all your cooking and water heating is electric. You need to get a reasonable size system otherwise it’s false economy. Everyone’s needs will be different, but not less that a 5kw system is a good rule of thumb.
We paid $4000 all up for our 6.6 kW system 3 years ago. It's been pretty solid and good for the budget despite the dwindled FiT. I wouldn't like to see our electricity bills if we weren't cancelling out most of the daytime usage.