Solar Power Pricing – Kings Creek Station, NT, 872

Kings Creek Station Solar Power Systems

As at August 2022, Kings Creek Station solar power installations have taken place on 234 homes (postcode area 872).

Kings Creek Station has 5,125 homes so that equals a solar penetration of 5%.

This is lower than the state average of Northern Territory which has a statewide solar household penetration of 25%. So Kings Creek Station 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%.

 

Kings Creek Station Solar Power Statistics:

Number of homes: 5,125

Number of homes with solar: 234

Household solar power system penetration: 5%

Statewide household solar power penetration: 25%

National household solar  power penetration: 34%

We estimate that last year, the homeowners in Kings Creek Station collectively saved $3,045,299 off their power bills! That’s money going straight back into the local Kings Creek Station community.

 

Solar Panels Kings Creek Station Pricing Information

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

For a well performing solar system in Kings Creek Station, we estimate that the electricity generated will be approximately 28 kWh/day.

If 50% of the 28kWh 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 $2,524 per year.

This represents a simple payback time of 1.6 years which is a pretty good return on investment.

Solar Finance in Kings Creek Station

We estimate that when financing a $4,000 solar system in Kings Creek Station 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 Kings Creek Station

Solar systems installed in Kings Creek Station 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 Kings Creek Station, you are categorised in Zone 1 and likely to be eligible for a $5,365 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 Kings Creek Station

In Kings Creek Station, it is best to face your solar panels north at an angle of 24deg. 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 Kings Creek Station Compare with its Neighbours?

Here is how Kings Creek Station compares with its neighbours:

Alice Springs is ahead with a solar penetration of 30%

Calvert is ahead with a solar penetration of 5%

Tennant Creek is ahead with a solar penetration of 12%