Solar Power Pricing – Bynoe Harbour, NT, 822

Bynoe Harbour Solar Power Systems

As at August 2022, Bynoe Harbour solar power installations have taken place on 1,018 homes (postcode area 822).

Bynoe Harbour has 8,985 homes so that equals a solar penetration of 11%.

This is lower than the state average of Northern Territory which has a statewide solar household penetration of 25%. So Bynoe Harbour is a fair way behind compared to the rest of the state.

The best performing suburb in Northern Territory when it comes to the proportion of homes that have had solar power systems installed is Girraween with a solar household penetration of 43%.

With statewide solar household penetration of 25%, Northern Territory is a bit behind compared to the rest of the country which has solar penetration of 34%.

 

Bynoe Harbour Solar Power Statistics:

Number of homes: 8,985

Number of homes with solar: 1,018

Household solar power system penetration: 11%

Statewide household solar power penetration: 25%

National household solar  power penetration: 34%

We estimate that last year, the homeowners in Bynoe Harbour collectively saved $5,994,725 off their power bills! That’s money going straight back into the local Bynoe Harbour community.

 

Solar Panels Bynoe Harbour Pricing Information

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

For a well performing solar system in Bynoe Harbour, we estimate that the electricity generated will be approximately 25 kWh/day.

If 50% of the 25kWh 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 $2,293 per year.

This represents a simple payback time of 1.7 years which is a pretty good return on investment.

Solar Finance in Bynoe Harbour

We estimate that when financing a $4,000 solar system in Bynoe Harbour 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 Bynoe Harbour

Solar systems installed in Bynoe Harbour 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 Bynoe Harbour, you are categorised in Zone 2 and likely to be eligible for a $5,106 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 Bynoe Harbour

In Bynoe Harbour, it is best to face your solar panels north at an angle of 13deg. 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 Bynoe Harbour Compare with its Neighbours?

Here is how Bynoe Harbour compares with its neighbours:

Berrimah is ahead with a solar penetration of 51%

Holtze is lagging with a solar penetration of 11%

Archer is ahead with a solar penetration of 36%