Dear OzBargain family,
I am seeking your wisdom and sage advice. Finally serious about getting solar, probably a bit late, perhaps better late than never.
Situation: single-storey house in VIC, 2 adults (baby on the way!), yearly electricity bill ~$850 factoring in the new August 1 price increases in Victoria, but anticipated increasing usage with upcoming baby and parental leave.
Have received most of my information from Solar Quotes. Current preferred system is Trina panels + SMA inverter + 6 optimisers for shading issues (would like Fronius inverter, but given the fan, dealbreaker for me as I am exquisitely sensitive to noise). Due to some limitations, can only do 5 kW panel system + 5 kW inverter (would have liked 6.6 kW panel system, but oh well).
Fortunately/unfortunately do not qualify for the $1400 Victoria solar rebate. Best quote after STCs is about $7500. Given previous OzBargain deals with comparable systems, this is about $2000 above what I initially expected to pay (acknowledging ineligibility for the $1400).
Dilemma: relatively low electricity usage, factoring in anticipated increase in usage, return on investment would be 6-8 years. If electricity prices increase further, would be quicker return. However, we anticipate we will likely move house within 5-10 years. We could get a cheap system that I expect to last 5 years before breaking, but I couldn't do that to the potential future owners of our home, and wish to hand over a quality long-lasting product. I also want to do my bit for the environment.
Main question: does $7500 for our proposed system seem reasonable? All the installers I've spoken to are on Solar Quotes and are more the less at the same price point, but are they more 'expensive' because they are on Solar Quotes and therefore considered more reputable?
TLDR: do you think $7500 for 5kW/5kW solar system (Trina panels + SMA inverter) in Victoria at this point in time is reasonably priced (not eligible for $1400 VIC solar rebate)?
Thanks in advance and I look forward to hearing your thoughts.
Update (20/08/22): thanks so much for sharing all your experiences, thoughts and advice. Decided to pull the trigger. May not make a definite investment return, but I think it'll give us a bit more control over electricity in some ways, as well as doing our part for the environment. Installation will be late September. Cost ~$7300. Can't wait!
I think it would stretch out more as power generation in winter is very low. Also FIT is very low.
Not sure of Trina, I got Sunpower/Enphase and it cost me about $12k for 6.4kw without the VIC solar rebate.