How Much Does Solar Cost?

solar system cost bundaberg

So, you’re looking at getting solar. Good on you! Not only does it save you money, but it also helps our beautiful planet by reducing emissions.

Solar is a great and obvious choice for most homeowners and business owners.

What’s not obvious is how much you should pay. The solar industry is ruthless. For many companies, it’s a race to the bottom. For others, it’s about looking after the customer for life.

You’ve most likely been looking at systems by now. A quick search online will reveal a plethora of companies who are desperate for your business.

Once you receive a few quotes, you’ll notice something strange…the price.

Some companies charge $3990 for a 6kW system, others charge $8990.

But why?

How do you tell the difference? Especially if they’ re selling the same brands…

Why is there such a difference in price?

Many reasons influence this.
If they’re a high volume, low margin installer, they buy and install in bulk. This passes the savings on to you. Like Costco.

Another scenario is they’re a low margin installer who does a rushed job and runs for the hills afterward – leaving you with no aftercare.

Some of these installers use high-quality brands, others don’t.

There are a few companies that advertise cheap systems with high-quality parts. In the fine print, they have added a clause allowing them to swap out the panels and inverters for different brands if they choose.

This means you’re paying top dollar for a subpar system instead of bottom dollar for a great system.

The last scenario is an installer trying so hard to be competitive that they are literally pricing themselves out of business. Businesses need margins to stay afloat.

If someone is pricing their system so low the margins are too small, they won’t be around for much longer.

To help:

By researching online, you find a lot about a company. You want to know how long they’ve been around. Who owns the company. Do they have good reviews?

It’s important to filter through reviews and find ones that have been left some months after the installation.
A review given the same day of the job is meaningless.

You want to know if they’ve had problems and how the company has treated them after the sale.

The Brands: 
Like everything, solar can be grossly overpriced or priced so low it’s impossible to use good parts.

When you’re weighing up the costs, it’s important to understand how a price was met.
Here’s how we price solar systems at Pulse…

First we look at the panels you want. We can get good mid-range panels or exceptional, top of the line panels. Panels we like are JinKo and REC.  REC are the best in the industry at creating high quality panels. Some may argue otherwise but the facts don’t lie.

Then, we need an inverter. The brands we use for inverters are SMA, SolarEdge, and Fronius. Sometimes a customer has a special request and we go with that brand.

The Breakdown:
For a 6.6kW system, you can expect $2500 for mid range and $5000 for top line panels.

Then, we need an inverter. The brands we use for inverters are SMA, SolarEdge, and Fronius. Sometimes a customer has a special request and we go with that brand.
On average, an inverter for a 6.6kW system is around $1600 – $2200.

So far, we at $4100 for a standard system and $7200 for a top line system.
This price doesn’t include racking, labour, and cables yet either.
These costs usually add up to around $4000 – $4500. A tiled roof will cost more in labour and tilt kits will cost more in racking.

The totals so far are $8100 and $11,500 give or take.
If you’re switchboard needs upgrading, add another couple of thousand.

The last part is to calculate STC’s.
For a 6.6kW system, you’ll get 100 STC’s. Each STC is sold at the spot price that day. Today, each STC is $35.50.
This gives you a subsidy of $3500.

After this, you’ll pay between $5000 – $8500 for your system.

Factors that can influence the price can include the type of roof, single storey vs double, current electrical infrastructure, STC price, scarcity of parts, shaded areas, tilt kits, and how far the installer has to travel.

One could argue all day over panels, profits, and inverters. But, the truth is, panels are dropping in price all the time. What once would of costed $11,000 can now be bought for $6000. And with everyone fighting for the top spot, brands are improving and getting better everyday. The top brand today might be in it’s competitors shadow in a few months.

To Conclude:

At the end of the day, buying solar is confusing.

Although companies may sell the same gear, it’s more important to focus on a high-quality installation. Installations should take a day or more for residential jobs. Shorter than this and companies may be cutting corners.

Pulse has been around for over 23 years.

This has allowed us to build a reputation as an honest and ethical company. We don’t price our systems cheaper than the rest. Nor do we charge more than most.

We price our services fair for everyone. This allows us to stay in business and look after you, our families, and the community.

To see what we can do for you, enter your details here to get a no-obligation proposal.Brand

Share on facebook
Share on twitter
Share on linkedin


Complete the form below and one of our experts will give you a call...

Thank you. We've received your message and will be in touch.