Solar Power Pricing – Shoal Bay, NSW, 2315

Shoal Bay Solar Power Systems

As at March – 2024, Shoal Bay solar power installations have taken place on 2,592 homes (postcode area 2315).

Shoal Bay has 7,772 homes so that equals a solar penetration of 33%.

This is lower than the state average of New South Wales which has a statewide solar household penetration of 37%. So Shoal Bay is almost there 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 70%.

With statewide solar household penetration of 37%, New South Wales is almost there compared to the rest of the country which has solar penetration of 40%.

 

Shoal Bay Solar Power Statistics:

Number of homes: 7,772

Number of homes with solar: 2,592

Household solar power system penetration: 33%

Statewide household solar power penetration: 37%

National household solar  power penetration: 40%

We estimate that last year, the homeowners in Shoal Bay collectively saved $3,814,630 off their power bills! That’s money going straight back into the local Shoal Bay community.

 

Solar Panels Shoal Bay Pricing Information

According to our research, the average price for a 6.6kW solar system in Shoal Bay is $4,000.

For a well performing solar system in Shoal Bay, we estimate that the electricity generated will be approximately 24 kWh/day.

If 50% of the 24kWh 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 $1,693 per year.

This represents a simple payback time of 2.4 years which is a great return on investment.

Solar Finance in Shoal Bay

We estimate that when financing a $4,000 solar system in Shoal Bay over 5 years, that the cost of finance in year 1 will be around $973.

This is based on an interest rate of 8% calculated monthly and without taking into account any possible extra charges like establishment fees or admin fees. Of course you need to check these numbers with a professional financial advisor.

Even still this means you may be able to install solar for zero deposit AND it is still cash flow positive. What we mean by “cash flow positive”, is that the amount saved by the solar system installation over one year is greater than the cost of financing that same solar system.

 

Government Solar Rebate in Shoal Bay

Solar systems installed in Shoal Bay on residential and commercial buildings are likely to be eligible for a Government rebate under the Federal Government’s Small Technology Certificate (STC) scheme.

The STC rebate is determined by your location in Australia and the size of the solar system that is being installed.

So if you install a 10kW solar system in Shoal Bay, you are categorised in Zone 3 and likely to be eligible for a $3,552 rebate.

The advertised price and the amount you pay or finance is generally after the STC rebate has been removed from the gross price of the solar system.

The price of the STC does fluctuate so best to keep that in mind too.

Naturally conditions apply to obtaining an STC rebate so it is best to talk to a solar professional.

 

Optimal Solar Panel Placement in Shoal Bay

In Shoal Bay, it is best to face your solar panels north at an angle of 33deg. Having said that, the majority of Australian roofs don’t generally have the perfect roof for panel placement so don’t be too stressed if your roof is not optimally orientated with the correct roof pitch.

 

How Does Shoal Bay Compare with its Neighbours?

Here is how Shoal Bay compares with its neighbours:

Anna Bay is ahead with a solar penetration of 42%

Salamander Bay is ahead with a solar penetration of 36%

Campvale is ahead with a solar penetration of 56%