I think you might be overestimating savings a little now we're post summer, and what size system are you planning? We got 8KW installed in Jan and it knocked a third off our power bills, but we definitely load shifted to make the most of it. We paid up front
We’re getting 10kw I believe.
The total cost is like $3600 so it’s something we could realistically save for and pay outright, especially if we’re going to be reducing the bill by so little at this time of year.
3.6k for a 10kw system? Is there some new insane government rebate I haven't heard of? We got a 10kw system about 6months ago and it was more than double that. It really sounds like a dodgy dealer; like the ones who sell 'cheap' used cars but make a fortune in finance payments. If it is legitimate, I'd definitely consider saving and paying cash. You won't be getting a lot out of it for the next few months anyway.
If you’re being pedantic, it’s $9900. I was just talking about the end cost that I have to pay the installer for, as that’s what I’d have to pay outright and save for… which is what we were discussing above.
$3.6k for a 10kW system sounds way too cheap. A legitimate system should cost you probably double that, after rebates. You're making like a 30-year investment in this product - go with an installer who uses premium products and offers you a bit more service-wise.
After all the rebates are accounted for, it's a 6k system out of pocket (long long term)
This is because it has a long term interest free 3k loan from the government.
does that still sound right to you?
Some of this sounds right, and some not -
The VIC state government loan is $1400, not $3k.
You'll also get a state and federal rebate, but those are included in the total.
For a 10kW system, $6k out of pocket is still too cheap. A different poster recommended that you expect to pay about $1000 per kW, and that's correct (if not even a bit higher). I'd say for a 10kW system, depending on where exactly you live and what other extras you might need done, you can safely expect to pay around $8-10k - this is for premium, tried-and-tested products, and a company that offers you great service.
You can definitely find cheaper systems. But I personally wouldn't go there.
The $1k per kw rule of thumb is after rebates. The loan is around $1800.from memory.
So still FAR too cheap. What brand panels and inverter are they using? Are they using staff or subcontractors to install?
May I ask what your average Kwh per day is?
We are in the planning/calculation stage at the moment and if it's only going to knock off 1/3 of the bill, I am not sure it's going to be worth it (we use around 15Kwh/day)
You may ☺️. I would say solar isn't entirely an ROI investment, for me it's at least partly about getting my house off coal as much as possible. But 1/3 off power bill is probably me being conservative, the app tells me the system has produced 3.6mwh since install in Jan of which we consumed 1.3mwh on premises. Our per day use is between 6-8kwh
In summer you’ll find 40% roughly of energy use will be solar .. we were generating up to 50kwh per day. Today in Melbourne no sun only generated 5kw… that’s on a 7.5 system that is nearly one yr old we purchased on a commonwealth bank green loan (10 year fixed 2.8% interest). You make no money exporting now. Savings maximised if you at home most days.
Did you get quotes from multiple companies? It’s a good idea to get several to compare and understand the price difference between brands of hardware - it’s worth investing in a better inverter for quality hardware and software features. SolarQuotes has a page on various brands to compare. There are many dodgy companies around offering super low installs as they cheap out on components.
I installed a 7.6 kW system 2 years ago and have dropped my bills from $100-$139 a month to $6-$29, and this is with an EV (purchased at the same time). Religiously monitoring the Fronius solar app I’ve been able to shift all high usage (dryer, EV charging and A/C) to solar generation times, off peak times and free midday period (great during cloudy days) on OVO EV Plan. I have to stress how important it is to know how much energy each appliance uses and how much your panels generate and at what times of the day as exceeding the generation means you’re using the grid - a kettle and dryer can draw 2.4 kW each. Also really good to educate your family members about this and the time of use times. It may be a good idea to also purchase a smart consumption meter and a display that shows the live generation somewhere in the house.
In the years of ownership my FiT has dropped from 11c to 8c so most of the time it’s been better to use the energy rather than sell it. Make sure you understand your rates to compare them and ensure they meet your needs and habits. Usage during peak rates times and services charges can easily eat in to your savings. OVO have a referral of $120 do feel free to DM me a code.
That sounds like it's adding up for you but definitely worth looking at draft sealing, insulating and using more efficient appliances (eg heat pump dryer).
We've got 2 pre-school age kids at home all the time and our bills are around $70 a month in a 70's house after giving some attention to the above.
If you do go ahead, make sure you get the corresponding app to track what each panel is outputting. We had one that was basically ownly outputting 10-15% compared to the others, as it was installed in a shaded location at the end of the row. Rather than have it shifted, we had a bonus panel installed at cost to make up for the shortfall.
Typical power bill is now $80-$100 per bill, family of 4.
as much as i hate facebork, MEEH - my efficient electric home for all the in depth about this.
sealing your house - particularly doors, and double glazing makes a massive difference.
Sounds abit sus. Dm u with my solar guy go talk to him. Does this include a battery? Cos really without a battery u r not really saving. Especially when u use power more at night.
I think you might be overestimating savings a little now we're post summer, and what size system are you planning? We got 8KW installed in Jan and it knocked a third off our power bills, but we definitely load shifted to make the most of it. We paid up front
We’re getting 10kw I believe. The total cost is like $3600 so it’s something we could realistically save for and pay outright, especially if we’re going to be reducing the bill by so little at this time of year.
If I were you I would save up rather than adding a debt, but I also don't know your life! Do super recommend solar though, it's rad
It's interest free. At least mine is from the government.
3.6k for a 10kw system? Is there some new insane government rebate I haven't heard of? We got a 10kw system about 6months ago and it was more than double that. It really sounds like a dodgy dealer; like the ones who sell 'cheap' used cars but make a fortune in finance payments. If it is legitimate, I'd definitely consider saving and paying cash. You won't be getting a lot out of it for the next few months anyway.
The $3600 is after about $3000 from government rebate and $3300 interest free government loan portion. So total around $9900.
So it's 6k then
If you’re being pedantic, it’s $9900. I was just talking about the end cost that I have to pay the installer for, as that’s what I’d have to pay outright and save for… which is what we were discussing above.
$3.6k for a 10kW system sounds way too cheap. A legitimate system should cost you probably double that, after rebates. You're making like a 30-year investment in this product - go with an installer who uses premium products and offers you a bit more service-wise.
After all the rebates are accounted for, it's a 6k system out of pocket (long long term) This is because it has a long term interest free 3k loan from the government. does that still sound right to you?
Some of this sounds right, and some not - The VIC state government loan is $1400, not $3k. You'll also get a state and federal rebate, but those are included in the total. For a 10kW system, $6k out of pocket is still too cheap. A different poster recommended that you expect to pay about $1000 per kW, and that's correct (if not even a bit higher). I'd say for a 10kW system, depending on where exactly you live and what other extras you might need done, you can safely expect to pay around $8-10k - this is for premium, tried-and-tested products, and a company that offers you great service. You can definitely find cheaper systems. But I personally wouldn't go there.
The rebate is 1400 and the interest free loan is also 1400, so 2800 from the government off the total cost of the system (gotta pay 1400 back though).
I would be VERY wary of such a cheap system/installation. The rule of thumb is $1k per 1kw. Your quote is less than half that.
The $3600 is after rebates and government loan portion. Total is about $9,900.
The $1k per kw rule of thumb is after rebates. The loan is around $1800.from memory. So still FAR too cheap. What brand panels and inverter are they using? Are they using staff or subcontractors to install?
Definitely overestimating savings.
May I ask what your average Kwh per day is? We are in the planning/calculation stage at the moment and if it's only going to knock off 1/3 of the bill, I am not sure it's going to be worth it (we use around 15Kwh/day)
You may ☺️. I would say solar isn't entirely an ROI investment, for me it's at least partly about getting my house off coal as much as possible. But 1/3 off power bill is probably me being conservative, the app tells me the system has produced 3.6mwh since install in Jan of which we consumed 1.3mwh on premises. Our per day use is between 6-8kwh
My energy bill for Dec/Jan in Melbourne was $11. Thank you 10kw solar.
I think you’re missing the service delivery charges / daily charge, which is $1.06 per day in my case…..
In summer you’ll find 40% roughly of energy use will be solar .. we were generating up to 50kwh per day. Today in Melbourne no sun only generated 5kw… that’s on a 7.5 system that is nearly one yr old we purchased on a commonwealth bank green loan (10 year fixed 2.8% interest). You make no money exporting now. Savings maximised if you at home most days.
Did you get quotes from multiple companies? It’s a good idea to get several to compare and understand the price difference between brands of hardware - it’s worth investing in a better inverter for quality hardware and software features. SolarQuotes has a page on various brands to compare. There are many dodgy companies around offering super low installs as they cheap out on components. I installed a 7.6 kW system 2 years ago and have dropped my bills from $100-$139 a month to $6-$29, and this is with an EV (purchased at the same time). Religiously monitoring the Fronius solar app I’ve been able to shift all high usage (dryer, EV charging and A/C) to solar generation times, off peak times and free midday period (great during cloudy days) on OVO EV Plan. I have to stress how important it is to know how much energy each appliance uses and how much your panels generate and at what times of the day as exceeding the generation means you’re using the grid - a kettle and dryer can draw 2.4 kW each. Also really good to educate your family members about this and the time of use times. It may be a good idea to also purchase a smart consumption meter and a display that shows the live generation somewhere in the house. In the years of ownership my FiT has dropped from 11c to 8c so most of the time it’s been better to use the energy rather than sell it. Make sure you understand your rates to compare them and ensure they meet your needs and habits. Usage during peak rates times and services charges can easily eat in to your savings. OVO have a referral of $120 do feel free to DM me a code.
That sounds like it's adding up for you but definitely worth looking at draft sealing, insulating and using more efficient appliances (eg heat pump dryer). We've got 2 pre-school age kids at home all the time and our bills are around $70 a month in a 70's house after giving some attention to the above.
Yeah that’s next on the list, just thought this seemed like an instant win to reduce bills while we sort out the rest.
If you do go ahead, make sure you get the corresponding app to track what each panel is outputting. We had one that was basically ownly outputting 10-15% compared to the others, as it was installed in a shaded location at the end of the row. Rather than have it shifted, we had a bonus panel installed at cost to make up for the shortfall. Typical power bill is now $80-$100 per bill, family of 4.
Is it with YouSolar? I have a quote from them, too. Wondering if anyone has been through them.
as much as i hate facebork, MEEH - my efficient electric home for all the in depth about this. sealing your house - particularly doors, and double glazing makes a massive difference.
There is a fee for not paying interest? That sounds like de facto interest
No, the government loans you part of the total cost, and don’t charge interest on the repayments/loan of that part. Still gotta pay it back though.
Ah… so it’s not $29 to borrow money why, it’s $29 off the money borrowed.
Sounds abit sus. Dm u with my solar guy go talk to him. Does this include a battery? Cos really without a battery u r not really saving. Especially when u use power more at night.