I have installed a 4kw system. I chose 4kw because that was the best use for getting the maximum number of panels on the roof with the best aspect.
The price after the govt subsidy of $7931 ( the subsidy is for the first 1.5Kw) was $12,995. The installation also required two inverters (included in the price). The alteration to the metering system cost another $220.
I have a deal with Country energy where they buy all the electricity for 60c a unit and I pay them 19.62c a unit for the power I use. The deal is for 6 years.
The salesman was over enthuastic in working out how much I would make out of the deal. The sun would have to shine brightly all day every day to reach his objective. The meter tells the total amount that I feed in and another reading tells me how much I buy back. After a few months I will have better idea of the actual economics. Even with partly cloudy days since the installation I am producing more than I am using. The next big drought will at least have some benefit.
As electricity charges increase the profit margin will decrease however I think the system will have paid for itself well before then. At least I look forward to no electricty bills ever again.
The price after the govt subsidy of $7931 ( the subsidy is for the first 1.5Kw) was $12,995. The installation also required two inverters (included in the price). The alteration to the metering system cost another $220.
I have a deal with Country energy where they buy all the electricity for 60c a unit and I pay them 19.62c a unit for the power I use. The deal is for 6 years.
The salesman was over enthuastic in working out how much I would make out of the deal. The sun would have to shine brightly all day every day to reach his objective. The meter tells the total amount that I feed in and another reading tells me how much I buy back. After a few months I will have better idea of the actual economics. Even with partly cloudy days since the installation I am producing more than I am using. The next big drought will at least have some benefit.
As electricity charges increase the profit margin will decrease however I think the system will have paid for itself well before then. At least I look forward to no electricty bills ever again.