Are Solar Panels worth it?
Back in 2011 we put on a 2kw solar system onto our house in Melbourne. Back then the panels were only 180w and we had 11 of them. The feed in tariff (FIT) was set at 60c until the end of 2024. The system cost $3750 after the government rebate and I guestimated that we broke even after 3 years, taking into account what we would have paid in electricity had we not had solar and the FIT we received. The data available now will make this calculation much more accurate. Our electricity or gas were with the same supplier and we never paid a bill for either in those three years. Rolling onto 2018, we moved into a larger house with no solar. We replaced all the downlights with 11w LEDs and the question came up - do we put in solar again. My husband emphatically wanted to but I wasn't sure if it was worth it now that the FIT had been reduced to 11.3c. I read up about solar on the web and asked for three quotes. One came, one didn't even call and the other said we didn't use enough