Australia's Money Matchmaker®

Solar Power Australia

Find out how much a solar system might cost you and what you could save.

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Australia's Money Matchmaker matching you with your best loans across multiple lenders
Money Matchmaker® will match you to a great Australian solar provider to get an estimate on a system that suits your needs

How it works

1
Money Matchmaker saves you time looking for your loan
Tell us about your home

Answer some questions about your home and what you're looking for in less than 60 seconds

2
Money Matchmaker is 100% free to use
Get a free quote

A solar expert will be in touch to give you an obligation free quote

3
Money Matchmaker stops you overpaying on your loans
Assess your options

Review and compare pricing and then choose the option that best suits you

Welcome to the home of Solar Energy in Australia! 

Written by

Shaun McGowan

Here you’ll find everything you need to know about powering your home with solar electricity, including:

  • How solar energy is generated and used
  • The type of solar energy system you need
  • How to compare solar electricity products
  • How to install a solar energy system in your home

Once you’ve covered the basics, read our in-depth guides to explore the most important components of any residential solar energy system in greater detail. 

If you’re ready to get a quote for a solar installation and start exploring a world of clean, green energy, visit our helpful Solar Rebate page to see the latest available energy rebates in your state to see how you can save further on your residential solar power system. 

Completely new to solar energy? Read our Residential Solar Starter Guide.

Residential Solar Starter Guide

Understanding your Solar Energy System

There are three core elements to a complete residential solar energy system:

  • Solar Panels capture sunlight and convert it to electricity.
  • Solar Inverters manage the converted electricity to your home or the grid.
  • Solar Batteries store excess solar electricity generated by your panels.

You can learn more about each of these components in the guides to help you decide on what type of solar setup is most suitable for your home. 

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Solar Batteries

Overview and Specifications

Through our partners, we offer two leading solar energy storage solutions for Australian homes:

You can read more about each of these products, including our comparison overview and their specifications, on the individual product pages.

Learn about different types of solar batteries with Money Matchmaker

Ready to Save with Solar?

Before you go ahead with installing solar to reduce your energy bills, it’s worth taking a look at the available solar rebates in your state. 

The Australian Federal Solar Rebate is essentially a discount on your solar installation. This can be a great way to reduce the cost of your solar installation if you’re working on a budget or planning to upgrade an existing system. 

The federal solar rebate is slowly being phased out into 2031, with the potential rebate amount reduced slightly each year until that date.

Find out about how to save the most on your energy bill with Money Matchmaker

The requirements are:

  • Your system installation must be less than 100 kW in size.
  • Your system is installed and designed by a Clean Energy Council (CEC) accredited professional.
  • Your system uses panels and solar inverters approved for installation in Australia by the Clean Energy Council.

Simple! Visit our Australian Solar Rebates (state-by-state latest) page to see how much you could save when installing solar.

Australian Solar Rebates (state-by-state latest)

Residential Solar Energy FAQs

The cost of solar installations are cheaper than ever, and the available rebates only further these savings.

In 2022, the only real limitations to a solar installation are your budget, how many solar panels you can fit on your property, and the amount your local electricity network (DNSP – Distributed Network Service Provider) allows you to install.

For the average home, most experts will agree that the minimum you should consider buying is 6.6 kW of panels (approx. 18 in total) with a 5 kW inverter. This is a solid starting point. 

You should only really need to consider going larger than a 6.6 kW installation if:

  • You use a large amount of electricity,
  • You’re adding a battery storage system
  • You plan to charge an EV vehicle and power your home. 

While prices will vary depending on the product brands you choose, here’s what you can expect to roughly pay for a standard solar installation:

  • 5kW: $4,500 – $8,000
  • 6.6kW: $5,500 – $9,000
  • 10kW: $8,500 – $13,000

These estimates include the average cost of the products and the solar installation itself, and you may find solar quotes higher or lower than the above estimates based on your specific needs.

The main way home solar power saves you money is by offsetting your grid electricity usage:

  • You pay 33c per kWh
  • You generate 3 kWh to offset your usage. 
  • You save 99c. 

If your system generates any kWh that you don’t use, it’s sent back into the grid, and your retailer pays you a feed-in tariff. Nice!

Exactly how much money solar power will save you depends on a few things:

  • The size of your system in kW - generation capacity
  • The output capacity of your system - total generation and storage
  • Your Energy Consumption Ration (ECR) - how much you generate vs how much you sell to the grid.
  • Your feed-in tariff - the amount you earn per kWh sold to the grid.
  • Your usage tariff - the amount you pay for grid electricity.

On average, it will take around five years for a standard solar energy system to provide payback costs equal to installation.

Here are some payback calculation examples for a 6.6 kW system:

  • Sydney: 4 years, 7 months
  • Brisbane: 4 years, 9 months
  • Canberra: 4 years, 11 months
  • Perth: 5 years, 11 months
  • Melbourne with VIC rebate: 4 years, 2 months
  • Melbourne without VIC rebate: 5 years, 5 months
  • Adelaide: 4 years, 6 months
  • Darwin: 5 years, 4 months
  • Hobart: 6 years, 2 months

With most solar products guaranteed to last decades before they need replacing, by the time you need to revisit any installations or upgrades, you’ll have earned the money to afford them through your existing system. 

Yes, although who you choose to get finance with will largely depend on your personal circumstances.

While entire websites are devoted to comparing and analysing financial products, one quick word of warning is to avoid any ‘installer finance’ that can often turn out to include high fees or higher interest repayments.

Similar to buying a car, don’t just grab your finance from the dealership - take your time to compare your options, speak to a financial adviser, and make an informed decision about your future.

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We understand that the world of finance is complex, and offer free, extensive guides on Personal Loans, Car Loans and Business Loans, along with tools like our Budget Planning Spreadsheet to help you better manage and understand personal finance.

About the Author

Shaun McGowan from money.com.au

Shaun

McGowan

Shaun McGowan

Shaun is the founder of Money.com.au and is determined to help people pay as little as possible for financial products. Through education and building world class technology. Previously Shaun co-founded CarLoans.com.au and Lend.