Palmerston Solar Power Systems
As at March – 2024, Palmerston solar power installations have taken place on 2,414 homes (postcode area 830).
Palmerston has 6,271 homes so that equals a solar penetration of 38%.
This is higher than the state average of Northern Territory which has a statewide solar household penetration of 29%. So Palmerston 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 47%.
With statewide solar household penetration of 29%, Northern Territory is a bit behind compared to the rest of the country which has solar penetration of 40%.
Palmerston Solar Power Statistics:
Number of homes: 6,271
Number of homes with solar: 2,414
Household solar power system penetration: 38%
Statewide household solar power penetration: 29%
National household solar power penetration: 40%
We estimate that last year, the homeowners in Palmerston collectively saved $5,228,888 off their power bills! That’s money going straight back into the local Palmerston community.
Solar Panels Palmerston Pricing Information
According to our research, an average price for a 6.6kW solar system in Palmerston is $4,000.
For a well performing solar system in Palmerston, we estimate that the electricity generated will be approximately 25 kWh/day.
Let us assume that for the sake of calculating an annual savings amount that the cost of electricity is 30c/kWh, that the amount paid for exported solar electricity is 9.1c/kWh, 50% of the 25kWh of daily solar generation is consumed in the home, and the remainder exported into the electricity grid. Based on this, we estimate that the annual saving on a typical power bill could be $1,793 per year.
This represents a simple payback time of 2.2 years which is a pretty good return on investment.
Solar Finance in Palmerston
We estimate that when financing a $4,000 solar system in Palmerston 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 Palmerston
Solar systems installed in Palmerston 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 Palmerston, you are categorised in Zone 2 and likely to be eligible for a $3,959 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 Palmerston
In Palmerston, 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 Palmerston Compare with its Neighbours?
Here is how Palmerston compares with its neighbours:
Mitchell is ahead with a solar penetration of 46%
Virginia is ahead with a solar penetration of 39%
Howard Springs is ahead with a solar penetration of 42%
