Is solar worth it? – AEF | Australian Energy Foundation
Is solar worth it?

Is solar worth it?

For most households, solar is worth the upfront cost.

By installing solar you can expect to reduce your electricity bills by 30 to 60%. With these savings, a typical home will recoup the initial investment between 3 to 5 years.

One of the factors which influences how quickly you will recoup the investment is how much of the system’s power you’re able to use throughout the day.

If you’re at home during the day, you’ll be able to recoup the investment faster, closer to the 3 year mark. But if you’re not at home during the day, you can expect the system to pay itself back closer to 5-6 years.