5 Reasons to Install Solar This Year

By Finn Peacock – Chartered Electrical Engineer, Ex-CSIRO & Founder of SolarQuotes

Last Updated: 3rd Jun 2024

If you buy a solar system in 2024, it attracts subsidies via a federal government scheme worth about $350 per kW installed.

That’s around $2,300 off a typical 6.6 kW system, which is applied at the point of sale.

You may have heard a lot of talk in the paper, on TV, and online about the rebate being scrapped or ‘significantly reduced’ at the end of last year.

These companies were trying to get you to rush into buying solar on the premise that it will cost you more if you waited until 2024.

To be clear – the rebate has reduced. By about $320 for a 6.6kW system.

But what the less reputable advertisers didn’t tell you is that it was only $320.

This translates into the price of a new solar system possibly only being about 5% more expensive if you buy it this year; and not necessarily given competition and the falling cost of solar panels.

Suddenly all those companies screaming about getting solar before the rebate reduced look a bit dodgy, don’t they!

Benefits of Solar

There are numerous benefits to installing solar panels on your roof, including both federal and state-level subsidies, as well as large savings on your energy bills. Here are the top 5:

1) Save around $350 per kW of solar that you install on your roof. As an example, if you purchase a 6.6 kW system you’ll save roughly $2,300 thanks to the solar rebate.

2) When you self-consume the electricity that your panels are generating, it’s 100% free electricity.

3) Take control of your living expenses. Avoid being a victim of year-over-year increases in electricity costs.

4) Reduce your reliance on dirty coal-fired power plants by generating your own clean electricity.

5) Add value to your home – Real estate agents now see solar panels as a revenue-generating asset.

How to get started

There are thousands of solar panel installers in Australia. It is very important that they are Clean Energy Council (CEC) accredited in order for you to be eligible for the Government solar rebate.

By comparing quotes from Australia’s leading CEC accredited solar installers in your area, you will be able to make sure that you qualify for the rebate. Our installers will also conduct a full electricity bill analysis to ensure that solar makes sense for your household before you make a decision to buy.

Solar panels are quick and easy to install, but first you need to find the right installer. SolarQuotes provides you with 3 competing quotes from local, CEC accredited installers within our trusted network.

We’ve been operating since 2009 and are Australia’s #1 Solar Panel Comparison site, with over 753,000 homes across Australia trusting us to organise their no-obligation solar quotes.

About Finn Peacock

I’m a Chartered Electrical Engineer, solar and energy efficiency nut, electric car and e-bike owner, dad, and founder of SolarQuotes.com.au. My last “real job” was working for the CSIRO in their renewable energy division. Since 2009 more than 750,000 Australians have used my site to get quotes for high quality PV systems from pre-vetted solar installers.