Latest Victoria solar panel prices

How much do solar panels cost in Victoria?

The cost of installing solar panels in VIC varies depending on system size, installation complexity, and brand choice. As of October 2024, homeowners in Victoria can expect to pay around $4,150 for a 4kW system, $4,630 for a 5kW system, $5,200 for a 6kW system, $6,070 for a 7kW system, and $7,850 for a 10kW system.

Why are there so many solar installers in Victoria?

With the great benefit of solar panel systems with the state government rebates, more and more of the homes in Victoria are opting for solar power. This has resulted in a steep increase in the demand of solar installers in Victoria. The concentration of solar systems is mainly seen along the coastal line of Victoria starting around Melbourne.

How much does a solar PV system cost in Australia?

These prices include the STC discount (Renewable Energy Target incentive) and GST, representing the total retail cost to the customer. A commonly sized 6kW Solar PV System would cost between $4,000 and $6,000 in most states in Australia, while a 10kW system typically falls between $7,500 and $10,500.

How much does a solar system cost in Melbourne?

However, the most popular solar system among Melbourne residents (the 5kW solar system) goes for an average of $6,524. This is inclusive of taxes and total rebates offered. It’s worth noting that Melbourne solar owners enjoy two generous rebate programs; the federal rebate initiative and the state-level rebates.