The global warming effect and the consequent increase in pollution have prompted everyone to talk about renewable energy. Solar panel systems are the most popular option among renewable energy sources. This double benefit is achieved by reducing electricity costs and reducing pollution. This topic will discuss the best Solar Systems available in Gold Coast. We will also cover the best deals on solar systems in Gold Coast and ROI (Return On Investment) for solar systems in Gold Coast. Solar panel systems are installed on the roofs of around 30% of homes on the Gold Coast. This number is increasing. Gold Coast has many reasons why homes are going solar. The main reasons are high federal solar incentives, low prices, and abundant sunlight. Gold Coast has an average of 4 to 5 hours of sunshine daily, making it a great place to install solar PV. More sunlight means more significant savings and higher returns on investment. Gold Coast has a subtropical, sunny climate that makes it a popular tourist destination. The city is Australia’s sixth-largest city and the second-largest in Queensland, with a population of approximately 0.57 million. Brisbane installations – Source http://www.cleanenergyregulator.gov.au/ Being close to Brisbane, Gold Coast gets the advantage of the latest technologies and experienced solar installers faster, which is another reason you should get a solar system for your home if you still haven’t got one.
Polycrystalline panels are the most suitable for this purpose due to ample sunshine. Monocrystalline panels are a good option if the budget is acceptable. Due to their technological advantages, monocrystalline solar panels have replaced polycrystalline panels in the market. If you have a shading problem around your property, you can request a Half-cell solar panel system in Gold Coast that suits your budget. You can choose from a variety of inverters that use the latest technology. Our solar experts can help you choose the right solar panel system for your Gold Coast home based on your needs and budget. Individually, the most important reason for going solar is to lower your ever-rising electric bills. The Australian Federal Government’s solar incentive scheme allows you to claim rebates on the purchase and installation of solar systems. STC (Small Scale Technology Certificate), a refund or subsidy, will enable you to get a discount on the price of the solar panel system. A feed-in tariff (FIT) is an extra benefit that you receive from your solar system. Even if you cannot use all the solar energy produced by your system, you can still receive financial help. Each state regulates the minimum FIT rate, and it varies. You can negotiate a higher FIT rate with your retailer than the announced minimum rate.
STCs for solar systems purchased by Gold Coast homeowners
The amount of STCs varies depending on where you live. It is gradually phased out every year. The STC value currently ranges between $500 and $600 per kilowatt solar system installed at your Gold Coast home. The number of STCs for a 5kW system in Gold Coast is 76 in 2020. STC price fluctuates between $34 and $40. Assuming a $38 STC per STC, you received a $2888 total rebate for a 5kW solar system at your Gold Coast home in 2020. A 6.6kW solar system installed in your Gold Coast home in 2020 can give you a total rebate of $3800. And a 10kW solar system installed in your Gold Coast home allows you to get a refund of $5776; this amount, therefore, reduces the total cost of the solar system. The solar rebate is fading out every year, causing the price to increase. Now is the time to purchase a plan for your Gold Coast home.
Gold Coast solar system output
Solar systems are considered a long-term purchase, and the life cycle is estimated to be 10-15 years. This is why a question about solar system output is often asked. Before discussing a specific solar system size, we will learn about the factors influencing production and productivity.
- Geographical location
- The panels are oriented in a specific direction.
- The shadow cast by surrounding trees and buildings
- The intensity of sunlight and its season
- Cloud cover or Smog
- Dust and dirt
- Bird droppings
- The quality of the equipment used
- Installation quality
After considering all the options above, output from a solar system in Gold Coast depends on average sunshine of 4-5 hours a day. A 5kW system in Gold Coast should provide work between 20kW and 22kW daily. A 6.6kW system in Gold Coast will offer an average output of 24kW-26kW daily. A 10kW system in Gold Coast should provide an average result of 40kW-44kW daily.
Gold Coast solar system ROI
With electricity bills on the rise, solar is a necessity. The government’s constant support in the form of solar rebates, buybacks (feeding excess electricity to the grid), and other incentives make it a more profitable option. Thanks to technological advancements, the residential solar system has become increasingly affordable over the last few years. They are using less roof space while generating more power. ROI for a mid-range solar system is usually 4-6 years. Individual consumption and usage patterns will determine the savings on the electricity bill. The savings from solar energy can cover your monthly or fortnightly repayment if you finance your solar system.