Here is all you need to know about 3kW Solar System NSW
A 3kW solar system is the next most popular system size in NSW after the 5kW solar system. It is well suited for medium to large households having 4+ family members which is why they are becoming more popular then the larger sized systems.
Aimed primarily at the residential market, a 3kW solar system will provide a complete power solution for homes and businesses with all you need to get the system up and running.
Buying a solar power system can be an exciting time; you can pick up a good quality 3kW solar system suiting your requirement and budget. The result… best value for money 3kw solar system available. If you are an average sized household with an average electricity bill then you must go for it.
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As with any investment, users need to exercise caution in order to stay away from dissatisfaction. This blog will take a look at some important figures you need to keep in mind before purchasing the 3kW solar system.
- How much does a 3kw solar system cost?
- How many panels does it have?
- How much power does it generate?
- How much you can expect to save?
- What’s the average payback period?
- Bonus Tips and Benefits
- Should I buy a 3kw solar system?
Let’s start to discuss the price ranges of a 3kw solar system NSW.
How much does a 3kw solar system cost in NSW?
When it comes to the cost solar power systems, quality is closely tied to the price. A good quality 3kW solar system in NSW comes in the range of $2,000 to $4,000. This is the most inexpensive and affordable range you have yet to see any other brand offering this option.
You may find even more cheap options, but remember – you will only get what you pay for. Poor quality solar panels can affect their life span and power production. You also want to be protected if things go wrong.
That is why it’s essential to ensure your 3kw solar system comes with a performance warranty. At Solar Beam, we only source the world’s best solar PV systems, delivering them to you at the best possible price.
All our systems are made from Australian standard high quality material with a full warranty and perfect protection for a long-term investment.
How many solar panels & how much roof space is required?
To make up a 3kW solar system you need 12 solar panels, assuming you use 250W panels. A modern-day 3kW solar system will be composed of around 9-12 panels and each panel will be about 1.6m x 1m. So you’ll need at least 15-25 m2 of roof space, depending on the power of the panels.
How much power will a 3kW solar system generate in NSW?
In short, there is no “one size fits all” answer. It depends on a number of situational factors such as
- Geographical Location
- Orientation & tilt of the panels
- The presence or absence of shading
- Expected daily & annual solar irradiation
- The overall efficiency of the components in the system
These are the chief factors determining power output of a 3kw solar system. It’s convenient to sum up solar system output in a single figure – namely, kilowatt-hours per day (kWh/day).
On an average, a 3kW solar system produces 13.2 units of electricity per day. This equates to around half of the electricity used in the average sized Aussie households.
If your household uses a lot of power, a larger system such as 5kw solar system can be more appropriate. And it goes without saying that higher quality systems generate better results.
How much money will a 3kw Solar System Save?
The total amount of money you can expect to save with a 3kw solar system is based on 2 main factors:
- How much much power you use?
- When you use the power in your home?
In fact, (2) is usually a bigger factor than (1) why? As the time decides how much valuable units of solar energy goes out in the grid instead of your home. This really matters as most cities in NSW pay about 8c/kWh for exported electricity.
Compare and contrast that with 30c/kWh which most guys pay to purchase electricity from the grid. This implies that using solar electric energy in your home saves you 30c/kWh, while exporting you can earn only 8c/kWh.
A 350% difference! Therefore, your savings tend to an average at about $120 – $180 per billing cycle.
Using these figures, you can calculate the average payback period for a 3kW solar system. You can see the payback and cash-flow numbers for yourself with Solar Beam’s payback calculator.
3kw Solar System ROI and Average Payback Period | NSW
Good quality 3kw solar systems generally pay back in less than 5 years. From the very first month – your savings will be greater than the cost of financing the system (if you prefer to pay by cash, then your savings will be more than the interest you could earn from the $4,500 sitting in the bank).
Want to learn more? Try plugging the figures into our solar system ROI calculator yourself and determine your payback time and return on investment.
Using solar PV System Payback Estimator Tool, we’ve calculated payback periods, annual savings (in one year) and annual internal rates of return (IRR) in some major cities of NSW.
Awesome Benefits of Going Solar
- Federal government has decided to provide 30% tax rebate on all residential solar installations until 31st Dec 2019.
- Investing in solar on your roof delivers 6%-13% return on investment, better than most other investments today.
- The state & local governments as well as some utilities are also offering financial incentives to homeowners in Australia.
- Installing solar you’ll be reducing the overall dependence on fossil fuels & help clean up the environment for future generations.
- By going solar you’ll be supporting local jobs and helping NSW become more energy independent state.
If you are keen to explore reducing your overheads with solar, then this benefits can make a lot of sense to you. But again installing solar at your homes all depends on your individual situation.
Should I buy a 3kw Solar System in NSW?
With solar panel prices so low these days, we find many users in NSW buying 3kW and 5kW solar systems even when their quarterly electricity bills are around $600 or low.
By installing solar panels and taking advantage of generous government tax credit or rebate, we find several households expanding their electricity usage to invest in their lifestyle.
So why to wait?
Get FREE Solar Quotes from the Best solar Installers in NSW
To get the most out of solar, it’s essential that you choose the right installer for your needs. If you live in NSW, get your best 3kw price with the features you love at SOLAR BEAM. It’ll help you find the right system for your lifestyle, location and budget.
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