Climate Energy Finance calculates the price of systems will fall by 10% thanks to cheaper raw materials and more production in China and US

When I installed solar panels on our first home - about 12 years ago - it paid for itself within 5 years, and that’s ignoring the solar feed-in tariff that was very high at the time.

The same size system is now about 1/4 of the cost. It’s really cheap over a few years if all your cooking and water heating is electric. You need to get a reasonable size system otherwise it’s false economy. Everyone’s needs will be different, but not less that a 5kw system is a good rule of thumb.

We paid $4000 all up for our 6.6 kW system 3 years ago. It’s been pretty solid and good for the budget despite the dwindled FiT. I wouldn’t like to see our electricity bills if we weren’t cancelling out most of the daytime usage.

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