10kw Solar System Price - Complete 2024 Guide

As the cost of solar panels significantly decreases in Australian markets, an increasing number of owners of extensive properties are showing keen interest in installing a 10kW solar power system.

A 10kWh solar panel system costs $10,239 on average Australia-wide. However, the prices can go as high as $10,789 and as low as $9,571 depending on the government rebate, installer and quality of panels/ inverted used.

Before you get prices, you will need to know if you have the roof space, how much the rebate is and whether this is a good sized system for your needs.

How much does a quality 10kw solar system cost?

On average, most Australians pay $10,239 to install a 10kw solar system. However, the prices can go as high as $10,789 and as low as $9,571 after the government rebate.

You’ll, therefore, pay higher or lower depending on the rebate rates of your state. For instance, Homeowners in New South Wales and Victoria may pay more than homeowners in the Northern territory since their solar rebate rates are lower.

10kW Solar Price by State

How much power will a 10kw solar power system produce?

Ideally, a good quality 10kw solar power system will generate 40 – 55kWh daily.  However, the 10kw system output is subject to the solar system’s location, the panel’s array tilt angle, and orientation.

Temperatures and shading may also affect the system’s efficiency.

The 10kw system output also varies depending on the season of the year. Your 10kw solar power system is more likely to generate more electricity during summer than winter.

Below is a table of the average daily production of a 10kWh by major cities.

How many panels does a 10kW solar system need?

A quality10kw solar system requires about 27-34 solar panels. The precise number of panels you’ll need depends on the wattage of each panel.

If the panels have a 350-watt rating, 29 panels will be enough for your system. However, with about a 300-watt rating or lower, the number of panels needed will also increase.

To put this into perspective:

10000 watts / 350 watts = 29 panels

10000 watts / 300 watts = 34 panels

How much roof space will I need?

27 – 34 solar panels mean that you need a lot of roof space. Since most solar panels measure 1.6m x 1m, you’ll need at least 54 – 80 square meters in space, depending on panel wattage.

If you have little roof space, you can opt for the latest more-efficient panels. They generate more electricity with fewer panels of the same dimension but are more expensive than the regular PV solar panels.

What’s the government rebate on a 10kW solar system?

The Australian government’s solar rebate program, the Small-scale Renewable Energy Scheme (SRES), provides huge incentives and rebates on PV solar systems, making it cheaper for homeowners looking to go solar.

The rebate comes in the form of Small-scale Technology Certificates (STCs), which are tradable for a discount on your overall price. Each STC is worth around $39.30.

For a 10kW solar system, the total rebate amount you’ll receive greatly varies with the state you live. Normally, states with higher sunlight hours will receive higher rebates than those with lower sunlight hours.

Below is a breakdown of how much you can expect as a rebate for your 10kW solar system by State.

Who is eligible for this rebate program?

Anyone looking to install a solar system in their home is eligible for this rebate program. Your only requirements would be having a system less than 100kW and enough capital to cover the remaining costs after rebates.

You’ll also have to apply for the rebate through a registered solar retailer. The retailer will give you a point of sale discount based on the STCs you’re entitled to; then, they can later complete the application.

This makes the process hassle-free and very convenient.

Alternatively, you can apply for the rebates as an individual through the Clean Energy Regulators portal. For this, you’ll first need to have a solar system (10kW or less) installed in your home.

Once you receive your STCs, you’ll then have to look for a way to sell them through any Australian STC trading site.

Is the solar rebate program ending?

Yes. Unfortunately, the Australian government is slowly phasing out the solar rebate program. It is expected to end by 2030.

In the meantime, the rebate amount reduces by 1/15^th each year. But this is no reason to worry. With over 10 years left on the program, you can still install a solar system today and enjoy a substantial government rebate.

How much money will I save with a 10Kw solar system?

Most homeowners usually want to know, how much does a 10kw save on your power bill? Well, your savings by going solar will depend on your household’s power consumption. The more power you use in your home, the more savings you can make when you install a 10kW solar system.

For instance, Australia’s average cost of power production is 25c/kWh during the shoulder period. During peak hours, this rate could go as high as 50c/kWh.

If your home consumes 25kWh daily, your daily power costs will be: 25 x 0.25 = $6.25

Monthly, your home consumption will approximately be: $6.25 x 30 = $187.50

Annually, your power bills will be: $187.50 x 12 = $2,250

Now, if you invest in a 10kWh solar system, you can drastically eliminate this power costs from day one. With the average system prices of solar power production being a mere 5c – 6c/kWh, here’s how much you can save:

Assuming your home consumes 25kWh daily, the 10kw solar system will save you the annual $2250 you spend on power bills. Additionally, the extra 15kWh produced by your system could be fed back to the grid through the feed-in tariff program.

If your utility company pays you 10.2c/kWh for the energy you send to the grid, you’ll save an extra: 15 x 0.102 = $1.53 daily. Monthly this will be $45.9 and yearly, $550.8 

In total, you’ll save: $2250 + $550.8 = $2,800.80 annually.

If you use the entire 40kWh daily, you may end up saving = 40 x 0.25 = $10 daily or $300 monthly. Annually, this converts to $3,600 in savings

Many homeowners usually ask, how much does a 10kw save on your power bill? Ideally, the 10kW solar power system should produce 40kWh daily.  However, the system output is subject to the solar system’s location, the panel’s array tilt angle, and orientation.

Temperatures and shading may also affect the system’s efficiency.

The 10kw system output also varies depending on the season of the year. Your 10kw solar power system is more likely to generate more electricity during summer than winter.

Below is a table of the average production per day of a 10kWh by major cities.

How long will a quality 10kW solar system take to pay for itself?

Most solar power systems usually pay themselves back within the first five years – but this is subject to change. Your 10kw solar systems may payback within 3-4 years, while others may take as long as 5 years. It all depends on your consumption.

If you’re using all the power generated at your home instead of feeding back to the grid, the system’s payback period will be shorter.

However, if the solar system is installed in a home you rarely use, like a holiday home, the payback period will be much longer. This is because you’ll be exporting most of the generated power back to the grid at a lower feed-in rate.

That said, assuming you bought your 10kW solar system at the average of $10,750, and your annual savings (from above) is $2,800.80, your system will pay itself back after:

$10,750 / $2,800.80 = 3.8 or 4 years.

When using the entire generated electricity (saving $3600), the payback becomes:

$10,750 / $3,600 = 2.9 or 3 years.

Again, this period might increase or decrease depending on the price you paid for the system, as well as your consumption.

Can a 10kw solar system power a house?

Yes! The average power consumption for an Australian home is 22kWh per day. A 10kW solar system produces nearly double that amount daily at around 40kWh.

This would be more than enough for a small house to run the entire home and feed the surplus to the grid. However, with the cost of a 10kw system being relatively high, smaller homes are advised to invest in smaller solar systems – maybe the 5kW system or the 6.6 kW system.

Opting for the 10kw system based on its high electricity generation will mean a longer payback period for small homes. If you consume less than 40% of the total generated electricity from the 10kw system, that’s a poor investment.

The 10kW solar system is a good choice for large homes or small offices with high daytime power consumption. It can also be a good choice for homes that want to go completely off-grid.

What battery size do I need for a 10kW solar system?

If you want to use your solar system at night or go off-grid, a solar battery is the way to go. However, if it works as you expect, you’ll need the right battery size for your 10kw system.

Under optimum conditions, the 10kw solar system requires batteries that can store 28kw (assuming you’re consuming 40kWh daily).

However, here are a few factors you’ll have to consider when choosing the battery:

Your power goals

Solar batteries aren’t designed to restore 100% of your operations whenever there’s a blackout. They should only be available to restore essential appliances.

With this in mind, you can assess what you want to restore once there’s a blackout. This could be your lighting, refrigerator, air conditioning, and appliances. Having the list of these appliances, you can then calculate how much power they need and the battery size required.

Duration of the back-up

Your next concern should be how long you need the batteries to last during a blackout. The longer you want your batteries operating, the bigger sizes you’ll need. You might also require multiple batteries.

Additionally, consider the space available for the batteries in your home to ensure they have a good storage area.

Your system’s power generation

A 10kW solar system generates 40 – 44kWh daily. And with most homes using just 30% of power through the day, the remainder 70% is consumed at night.

Your battery storage capacity

The battery size you choose should therefore be able to store the remaining 70% for use after hours.

10kW solar system cost with battery backup

Now that you know how to size a battery for the 10kW solar system, you’ll need to know that solar batteries’ price can be a bit higher than the solar system. As mentioned earlier, the price of a 10kW solar system is $9,800 – $14,000.

Depending on the type of batteries and brand, the cost of solar batteries for most 10kW solar systems ranges between $12,600 to $15,200.

Therefore, 10kW solar systems with a solar battery backup will cost anywhere from $22,400 to $29,200.

If you need a cheaper alternative for your solar batteries, you can opt for lead-acid or sealed-acid batteries. They are more budget-friendly but are only effective for low power consumption needs like lighting

Is there a solar battery rebate?

Yes, in some states, there are solar battery rebates available.  Some states running these battery rebate programs include; Victoria, South Australia, Australian Capital Territory (ACT), and South Australia.

Solar Battery rebate VIC – The Victoria battery rebate known as the Solar home program that gives eligible Victorian homes a point of sale discount of up to $3,223 to help them install a solar battery.

Solar Battery rebate ACT – The ACT government has also initiated its Household Battery storage program, that seeks to help 5,000 homeowners within ACT install solar batteries through discounts and rebates.

Under the program, homeowners receive an $825 per kW for systems less than 30kW. Therefore, homes using 5kW solar systems may receive rebates of about $1,886. Those with 10kW systems may receive rebates of almost $3,773 on solar batteries.

If you’ve met these requirements, visit the ACT government website and follow the application process outlined.

Solar Battery rebate SA – In late 2018, South Australia’s government introduced the South Australia Home Battery Scheme. This program provides South Australian households with access to $100 million in state government incentives and another $100 million in loans to repay for home battery installations.

As of September 2020, homeowners could enjoy subsidies of up to $3,000 on home battery purchases. The subsidies are calculated by the kWh capacity of the battery.

How much is a Tesla Powerwall for a 10kW solar system?

Arguably the best solar battery in the market, the Tesla Powerwall solar battery uses one of the most advanced systems available. As such, it’s fairly expensive.

For a 10kW solar system in Sydney for example, you’ll need 2 Tesla Powerwall batteries with a combined capacity of  28kW. You can, therefore, expect to pay about $25,000 for the entire battery installation.

By itself, a Tesla Powerwall 2 battery goes for $12,500 each.

Please check your local state government rebate on batteries to see savings you are entitled to.

FAQs

Is it worth buying solar now or waiting?

While the price of solar panels is falling by the day, whether you should buy solar now or wait is one decision you should weigh carefully.

Assuming you choose to wait, you’ll be saving almost $150 every year based on the current solar system market. Nonetheless, you’ll still have to pay more in power bills, thanks to the rising cost of electricity.

Moreover, the main reason for the cheap solar panel costs is the government incentive programs and rebates. As it stands, most state governments are slashing these rates, and others want to phase them out due to the rising popularity of solar power.

When this happens, the little savings you had each year will be outmatched. Therefore, while buying solar seems expensive now, it’s long-term benefits will be worth it.

If you buy solar now, you can take advantage of the government’s incentive programs, as well as the feed-in tariff to reduce its cost and quicken its payback period.

What is the lifespan of a solar battery?

Most solar batteries will last for 5-15 years before needing replacement. The exact lifespan depends on the battery type and brand, as well as your charging and consumption habits. Tesla batteries, for instance, come with an 8-year warranty, assuring you that they’ll last long.

Is 5kW solar enough?

For a small home, 3-4 power users, a 5kW solar system is more than enough to meet your power needs. A 5 kW solar system generates 20kWh on average per day – which is almost equal to the average daily power consumption in most homes.

Are solar batteries coming down in price?

Yes. The price of solar storage batteries is drastically coming down.  This is because of the fast-growing battery manufacturing industry in the world market. A lot of research is also on-going to make the solar batteries much cheaper, safer, and accessible.

Can I Use Solar Panels Without A Battery?

Yes! Installing a solar battery for your solar system is optional. You can use your solar panel to generate electricity during the day and send the excess back to the grid for utility credits. This will help cut down your power bills.

Battery storage like Solar batteries, on the other hand, only enable homeowners to store the surplus electricity generated during the day. You can then use the battery storage to store power at night or during days with low daylight hours. A battery back up goes a long way in ensuring you store up excess power.