Solar Choice
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Installing a rooftop solar system is a major long-term investment, but its cost is gradually decreasing as energy prices increase. You can save on energy bills and support clean, renewable energy by going solar.
The cost of the solar panels will depend on the size you opt for. The cost of an inverter and installation fees will also be included in the final quote. A home battery is an optional addition that you can consider depending on your budget.
According to Solar Choice, solar panels of sizes ranging from 3kW to 10kW can set you back $4.030 to $8,440 on average in Melbourne. Premium solar panel systems with better quality and service will cost you more.
The brand and quality of hardware, the installer's rates and the rebates will influence the price you pay for a solar system.
You can get a free quote from Solar Choice.
There are a few things to know before contacting a solar panel retailer for a quote.
You should ideally request quotes from at least 3 retailers so that you can compare the prices, system sizes and customer reviews. A quote should have a breakdown of all the costs, along with any rebates or discounts. It should also include details of a system designed to fit the site, list of components and performance estimate.
You can get a free quote from Solar Choice.
You can earn a solar feed-in tariff for excess energy produced by your system that is fed back into the grid. Some providers offer a consistent feed-in tariff across plans, while others vary the rates, with dedicated solar plans usually having higher rates.
Provider | Solar feed-in tariff |
---|---|
Powershop | 6.7c/kWh |
Origin | Origin Solar Boost: 10c/kWh for the first 14kWh Origin Solar Boost Plus: 14c/kWh or 20c/kWh Other plans: 5.2c/kWh |
AGL | AGL Solar Savers: 10c/kWh for the first 14kWh, then 5.2c/kWh Other plans: 5.2c/kWh |
EnergyAustralia | Solar Max: 10c/kWh Other plans: 5.4c/kWh |
Red Energy | 6.2c/kWh |
GloBird | SolarPlus: 10c/kWh Other plans: 5.2c/kWh |
Dodo Power | 8c/kWh |
Alinta Energy | 6.7c/kWh |
Energy Locals | 8.3c/kWh for the first 10kWh, then 5.2c/kWh |
ENGIE (then Simply Energy) | Simply Solar: 11c/kWh Simply Energy Solutions Solar: 16.7c/kWh for the first 3kWh per day, 6.7c/kWh for the rest (5.5c/kWh after 2 years) Other plans: 5.2c/kWh |
Sumo Energy | 5.2c/kWh |
Kogan Energy | 5.2c/kWh |
CovaU | 6.7c/kWh |
1st Energy | Solar Bonus: 10.2c/kWh Other plans: 5.2c/kWh |
Lumo Energy | 5.2c/kWh |
Tango Energy | Solar Saver: 10.4c/kWh Other plans: 6.7c/kWh |
Momentum Energy | 6.7c/kWh |
OVO Energy | 7c/kWh |
The returns from solar panels in Melbourne depend on a number of factors such as:
For instance, if you consume more energy than your solar system is capable of producing, the returns won't be as good as when the output and your consumption match. It is also best if you are able to use most of the energy produced by the system for maximised benefits. So, choosing an appropriately sized system for your consumption habits is important.
According to Solar Victoria, with the solar panel rebate, the payback period is typically 3 to 5 years. Without the rebate, the payback period could be 7 to 9 years. Payback period is the length of time it takes for the energy bill savings to make up for the cost of solar system installation.
You can save up to or more than $2,269 per year on your energy bill, as per Solar Choice.
A solar system is a significant investment so it is recommended that you go for a Clean Energy Council Approved Solar Retailer that only employs installers accredited by the Clean Energy Council. This ensures that the work done in your home will meet the best industry standards, and the solar system installed will be safe and reliable.
Solar Victoria has a list of authorised retailers and installers. In order to avail of any of the Solar Homes rebates, you need to get your solar panels installed by someone from the list.
You should pay attention to the quote documentation (and whether it has all the required details), warranty terms and the installer's accreditation ID. The installer is required to either install the system themselves or be present at the site at least three times during the installation process.
Most installers have a premium offer that is more expensive than average prices. It typically comes with longer warranty periods and higher quality products. You can consider this if it fits your budget.
If the space on your roof permits, the solar system should meet most of your daily energy usage.
You can go for a bigger solar system than required if you have the budget, where any excess energy produced will be fed back into the grid and you will earn a solar feed-in tariff. A bigger solar system can also shorten the payback time and address any increase in energy usage in the future.
The scheme, under the Renewable Energy Target, creates a financial incentive for you to install solar panel systems (or other eligible renewable energy systems) through Small-scale Technology Certificates (STCs). You can assign the STCs to an installer to receive a discount or delayed cash payment in exchange. The scheme ends in 2030.
Homeowners with existing homes, homes under construction and rental properties can get a discount of up to 50%, amounting to a maximum rebate of up to $1.400, for solar panel systems installation by an authorised retailer. These rebates are released every month.
You can also apply for an interest-free loan for an amount equivalent to the rebate amount to further help with the solar costs. The loan can be repaid over 4 years or can be repaid sooner in one go.
You are not eligible for this rebate if you have already received a Solar Homes Program rebate.
Households with existing solar panels can get a rebate of up to $2,950 in the form of a discount to install a solar battery. You are not eligible for this rebate if you have already received a Solar Homes Program rebate.
Homeowners residing at the property can get a 50% rebate of up to $1,000 on eligible solar hot water systems. You are not eligible for this rebate if you have already received a Solar Homes Program rebate.
Our energy guides can help you compare and understand what plan is best for you.
Best energy plans: 5 plans selected by our experts, assessed and updated regularly
Cheap energy plans: Find the cheapest energy plans available this month
Solar power plans: Got rooftop solar? Compare your options and save even more
Average energy bill: Find out how your energy bill compares to the rest of Australia
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