The Quick Guide to Solar Panels

 

You'll never feel disarmed when you get on the phone with a solar consultant again.

If there's one thing we know from speaking to thousands of homeowners, it's that the solar panel journey has become complicated - when it doesn't have to be. We've had our solar experts put together a rapid-fire guide that should leave you feeling confident about what you want out of solar panels.

And just in case you want something more in depth - each section has plenty of drop-down menus to expand on all your questions.

This guide has been updated to be current as of 2023, so the information below includes the most recent in solar system technology developments, electricity price rises in Australia, and general energy market activity, so you don't get left behind.

We've also had the information below vetted by engineers, third-party economists and other leading voices in the solar industry, so you don't have to take it from us.

Let's get you up to speed.

 

 

Index:

  • What makes up a residential solar system?
  • How much does a home solar system cost?
  • How much will solar panels save me on electricity bills?
  • Can all properties get solar panels?
  • Should I get a solar battery with my solar panels?

BONUS: Cheat Sheet solar panels checklist for your home

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What makes up a residential solar system?

Home solar systems require, at a minimum, solar panels and an inverter. They connect to a metre - which all homes already have in some form.

 

 

Could you elaborate?

 

How much does a home solar system cost?

are there government rebates?

 

Between $8000 to $28,000 typically - but there are some real caveats on those figures.

 

The bigger picture includes:

  • It depends how much electricity you intend to use (How many people in the house? How many big electric appliances do you have? How energy-efficient are they?)

  • It depends how much you want to save (you could get $3000 worth of solar panels, but for the average home they won't offset your electricity at all and will struggle to even pay themselves back. You need to balance what you buy with their intended use to get a good return on investment)

 

TIP

When assessing finances for solar systems, you shouldn't view them purely on the basis of "what they cost", but rather on "what is their return".

A $5000 system that saves you nothing is worse than a $12,000 system that saves you $6000. Always ask installers about the return factor. Keep this lens in mind and you can't go wrong.

Solar Panels Cost Averages:

 

In the table below are some averages for what a solar system might cost you depending on how much you currently pay in electricity bills right now. You could pay more or less depending on whether you intend to cover your bills only partially or more comprehensively, or even entirely. This is important to work out - as it will help you understand what you need to get to make a return.

Power Bill Spend (per year) Average Cost for Solar System to Offset

Under $1000

$8000 - $12,000
$1000 - $2000
$13,000 - $20,000
$2000 - $3000
$15,000 - $28,000
$3000+
$28,000 - $40,000

Are there rebates?

Fortunately, yes! As of writing, there are STCs (small scale technology certificates) available nationally, which can shave up to $3000 off the cost of your solar system.

 

Aside from these small scale technology certificates, there may be other local state initiatives to help reduce their carbon footprint and bolster energy independence.

State-wide solar panel initiatives: 

State Rebate or Benefit
Victoria

$8,800 interest free loan for battery installations

$1,400 interest free loan for solar panel installations

$1,400 solar panels rebate

Collectively, this means $1400 + $3000 (STCs) off for a solar and battery system in Victoria, with the rest being covered by an interest free loan. Really, it's a no-brainer in this state right now.

Australian Capital Territory
Canberra's interest-free loans are up to $14,000 (on top of the $3000 STCs).
New South Wales
New South Wales residents may have the odd LGA program, such as Randwick's $1000 rebate for batteries (contact your local government area representatives or council to enquire if they run any such rebates!)
Australia-wide
Everyone can access STCs (nationwide), which vary on system size but generally work out to around $3000.
 

Could you elaborate?

If you'd like a quote from us based on your exact circumstances, click below.

How much will solar panels save me on electricity bills?

 

There is no concrete answer due to variables. But solar panels without a battery will, on average, save about 50% of your energy bills. Solar panels with a battery will save you about 75%.

Disappointed that number isn't 100%? There are options.

 

Reposit is one of them - with our smart controller allowing our energy traders to trade the energy in your battery at scale across the country. This lets us harness the collective for trading purposes and it's always sunny somewhere - in return for your participation in the community program, our experts guarantee covering your electricity bill 100%.

The other option is to trade energy on the markets yourself, which some people enjoy. However, it does mean you may need to avoid using your appliances when trading prices are in your favour, and generally time your energy consumption against the market.

 

Could you elaborate?

TIP

How much you spend in electricity each year will determine whether you should get a solar battery or not.

Solar panels alone are fine for people with very low electricity consumption, while most freestanding homes or anyone spending over $2000 per annum on electricity bills will want a battery.

What should I take into consideration about my property when getting solar panels?

Several factors are important to consider when deciding to install solar panels on your property, namely roof orientation (north is better), roof angle, and roof condition.

To elaborate:  

  • Roof orientation and available space for solar panel installation.
  • The angle and tilt of the roof, as well as potential shading from nearby trees or buildings.
  • Local weather conditions and average sunlight hours.
  • Local regulations and permits required for solar installations.
  • The condition of your roof (to ensure it can support solar panels for their lifetime).
 

Other questions:

How does a Reposit 'No Bill' Solar Installation work?

Traditionally, a large number of solar panels will save you 50% of your energy bills each year. Adding a battery will save you 75% of energy bills. Teaming up with Reposit will save you 100%.

Start saving today

Our team is happy to answer any questions and help you decide if getting onto Reposit No Bill is the right investment for you.