solar panels electricity
how long does it take for solar panels to make back enough electricity they cost in Australia?
how long does it take for solar panels to make back enough electricity they cost to make in the first place. This is in australia. like…does it take 5 years to save the electricity money it uses to put in the solar panels.
thanks
With the current Federal government rebate, expect to pay between $4,000 and $10,000 for a 1kW to 1.5kW system. This system would be unlikely to generate enough solar energy to power an entire home, however it will help reduce greenhouse gas emissions and save money on your electricity bills.It could be very costly to install enough solar modules to provide all of your household’s energy needs. For example, it would cost around $50,000 or more to install a system large enough system to meet 100 per cent of an average home’s energy needs.
Doing a quick search, average monthly power bill appears to be $100-150. Payback period depends on payments. $50,000 at $100/month will take 41.7 years to pay back. Factoring in interest means it may not be economical.
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