Banksmeadow Solar Power Systems
As at August 2022, Banksmeadow solar power installations have taken place on 447 homes (postcode area 2019).
Banksmeadow has 2,427 homes so that equals a solar penetration of 18%.
This is lower than the state average of New South Wales which has a statewide solar household penetration of 31%. So Banksmeadow is a fair way behind compared to the rest of the state.
The best performing suburb in New South Wales when it comes to the proportion of homes that have had solar power systems installed is Berrigal with a solar household penetration of 66%.
With statewide solar household penetration of 31%, New South Wales is almost there compared to the rest of the country which has solar penetration of 34%.
Banksmeadow Solar Power Statistics:
Number of homes: 2,427
Number of homes with solar: 447
Household solar power system penetration: 18%
Statewide household solar power penetration: 31%
National household solar power penetration: 34%
We estimate that last year, the homeowners in Banksmeadow collectively saved $1,234,454 off their power bills! That’s money going straight back into the local Banksmeadow community.
Solar Panels Banksmeadow Pricing Information
According to our research, the average price for a 6.6kW solar system in Banksmeadow is $4,000.
For a well performing solar system in Banksmeadow, we estimate that the electricity generated will be approximately 22 kWh/day.
If 50% of the 22kWh is consumed in the home, and the remainder exported into the electricity grid, we estimate that the annual saving on a typical power bill is $1,843 per year.
This represents a simple payback time of 2.2 years which is a pretty good return on investment.