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
Engineering - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Sorry,
I don't know the answer. But, if the Australian Government gives tax
credits or rebates to people adopting alternative energy sources, it
would effectively reduce the cost to you of installing the solar panels.
2 :
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.
3 :
Hi Ling,
Good question,again it all depends on how much you pay for
your solar panels and the rest of the equipment and of course how much
electricity cost in your state or town.
If you go to your handler yes your going to pay 1000'S of dollars to get
solar panels set up on your roof or in your garden.
On the other hand I could show you a way to set up your own solar panels
for $200 US dollas and your break even point would be achieved far
faster.Take a look below.
