In the 2021 Future Energy Report, an interesting clash was revealed. Cost savings from rooftop solar was a reason some householders sought installation, but the cost of installation was a reason others didn\u2019t. So, what gives?<\/p>\n\n\n\n
Amongst those that don\u2019t have solar panels<\/a> installed on their homes, 78% say installing them is simply too expensive. However, amongst those that have had them installed, their main motivation (81%) was to reduce their electricity bill. Almost half the solar cohort were also motivated by the fact that it would increase the value of their home \u2013 and these were just a handful of the interesting insights from this year\u2019s Future Energy Report<\/a>.<\/p>\n\n\n\n So, if one group says they\u2019re too expensive to install, and another says they reduce costs and add value, are solar panels worth it?<\/p>\n\n\n\n Origin Solar Product Manager, Damien Power, says the upfront investment in rooftop solar<\/a> is typically around $5,000 to $7,000, including any solar rebate. If this only produced a saving of $500 to $700 annually, the panels could be paid off within ten years. However, solar panels tend to save significantly more than that.<\/p>\n\n\n\n We spoke with Origin customer Daniel, who recently had solar panels<\/a> installed on his two-storey, five-bedroom Canberra house. While many households opt for around 6.6kW of panels, Daniel had over 10kW installed.<\/p>\n\n\n\n Because of the larger install, the final cost for all of the work involved was around $10,000.<\/p>\n\n\n\n