Solar Power Pricing – Farrar, NT, 830

Farrar Solar Power Systems

As at August 2022, Farrar solar power installations have taken place on 2,167 homes (postcode area 830).

Farrar has 6,006 homes so that equals a solar penetration of 36%.

This is higher than the state average of Northern Territory which has a statewide solar household penetration of 25%. So Farrar does very well 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%.

 

Farrar Solar Power Statistics:

Number of homes: 6,006

Number of homes with solar: 2,167

Household solar power system penetration: 36%

Statewide household solar power penetration: 25%

National household solar  power penetration: 34%

We estimate that last year, the homeowners in Farrar collectively saved $5,636,126 off their power bills! That’s money going straight back into the local Farrar community.

 

Solar Panels Farrar Pricing Information

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

For a well performing solar system in Farrar, 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 fantastic return on investment.

Solar Finance in Farrar

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

Solar systems installed in Farrar 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 Farrar, 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 Farrar

In Farrar, it is best to face your solar panels north at an angle of 12deg. 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 Farrar Compare with its Neighbours?

Here is how Farrar compares with its neighbours:

Mitchell is lagging with a solar penetration of 36%

Virginia is lagging with a solar penetration of 32%

Howard Springs is ahead with a solar penetration of 41%