How much do solar panels cost in Victoria?

The cost of installing solar panels in VIC varies depending on system size, installation complexity, and brand choice. As of October 2024, homeowners in Victoria can expect to pay around $4,150 for a 4kW system, $4,630 for a 5kW system, $5,200 for a 6kW system, $6,070 for a 7kW system, and $7,850 for a 10kW system.

How much electricity does a solar PV system generate in Victoria?

In Victoria a typical house consumes an average of around 12 kilowatt hours of electricity per day. Over one year, a 1.5 to 3 kilowatt solar PV system can generate around 45–90% of this, though the amount generated by the system varies throughout the year as the amount of daily sunshine changes.

What is solar Victoria & how does it work?

Solar Victoria is the body the state government has set up manage the delivery of the Victorian Government’s Solar Home Program – which offers an additional rebate to the federal program to eligible solar panels Melbourne customers. Importantly this is in addition to the federal STC rebate mentioned above – you don’t have to choose between them.

Are solar panels a good investment in Australia?

Australia is home to some of the best solar energy resources in the world. Although Melbourne, Victoria is a bit further south than Brisbane or Sydney, there’s still enough sunshine to make panels a worthwhile investment.

How much does a solar PV system cost in Australia?

These prices include the STC discount (Renewable Energy Target incentive) and GST, representing the total retail cost to the customer. A commonly sized 6kW Solar PV System would cost between $4,000 and $6,000 in most states in Australia, while a 10kW system typically falls between $7,500 and $10,500.

How much does a Victorian Solar System cost?

Victorians typically pay $4,100 – $8,430 for a standard solar system based on their preferred size. Victorian solar rebates and schemes include Small-scale Technology Certificates (STCs), Feed-in tariffs (FiTs), and the Solar Homes Program.