About 30% of the homes in the Gold Coast, Queensland area have solar panels on their roofs. There are many good reasons why so many Gold Coast homes have gone solar, including an abundance of sunshine, low solar PV system prices, and substantial federal government solar incentives. Many businesses and organisations have also followed suit – see above photo of 30kW solar panel installation on the Gold Coast Central Seventh-day Adventist Church.
Solar power on the Gold Coast: Is it worth it?
Turning Gold Coast sunshine into energy bill savings
The Gold Coast receives an an average of around 4.2 hours of full sun per day, making it one Australia’s sunnier cities, as well as one of the best places in the country to install solar PV.
What does 4.2 hours of peak sun translate into in terms of solar energy production in kilowatt-hours (kWh)? It depends on the size of your solar system and its efficiency. Some examples can be found below (assuming an overall system efficiency of 85%):
|Solar System Size||Average Output (more in summer, less in winter)|
|1.5kW Solar System||5.4 kWh per day|
|3kW Solar System||10.7 kWh per day|
|5kW Solar System||17.8kWh per day|
|10kW Solar System||35kWh per day|
These days, with all the state-sponsored solar feed-in tariffs closed to new applicants, the answer depends mainly on the amount of energy that you use during daylight hours and how you use it. Unless you are planning on installing battery storage as well, new solar systems should be sized to meet your daytime electricity needs. Any excess solar will essentially be ‘wasted’ – currently, Queensland retailers offer only up to 8-12c/kWh for your extra solar energy, significantly lower than standard retail electricity rates.
Compare quotes from 7 installers in the Gold Coast now
Attractive rebates exist for Solar Systems under 100kW
The federal government offers what are effectively up-front discounts on solar PV system installation costs under the small-scale portion of Australia’s Renewable Energy Target (RET). This ‘discount’ is usually applied directly to the price of your system by your installer. The amount of the incentive depends on your location – sunnier locales receive a bigger discount. The Gold Coast is technically in the second sunniest ‘zone’ under the scheme, the same one as Brisbane. As an example see the below system sizes and estimates of the rebate they would receive as of 2020:
|Solar System Size||STC Rebate*|
|1.5kW Solar System||$803|
|3kW Solar System||$1643|
|5kW Solar System||$2774|
|10kW Solar System||$5548|
* Estimates taken from Greenbank on 30 March 2020 – it is a live market so prices are always changing
How much do Solar Panels cost in the Gold Coast
This translates into lower solar system installation prices. Currently, Australia has some of the lowest solar PV installation costs in the world. Prices for the Gold Coast are not far off from solar prices for Brisbane. Solar Choice published pricing data for each capital city around Australia on a monthly basis – the below graph depicts the history of solar prices in Brisbane and surrounding areas.
What about Queensland’s solar feed-in tariff?
The deadline to apply for Queensland’s generous 44c/kWh solar feed-in tariff was 9 July 2012. Like most other states, the new feed-in tariff rates in Queensland are minimal, and vary by electricity retailer. The low system prices discussed above, however, mean that solar is still a worthwhile investment – as long as the households make sure that their system is appropriately sized to their needs (also discussed above).
We wrote an article on the topic of solar in Queensland after the FiT some time ago: What are the economics of solar power in the Sunshine State under the new rate?
Let Solar Choice help you find the best deal on solar in Gold Coast
Solar Choice, as Australia’s free Solar Energy Brokering and advice service, connects solar PV customers with installers who service their area. We provide comprehensive quote comparisons of solar power installations throughout the country – including in the Gold Coast. With a bird’s eye view of the solar power market, Solar Choice is uniquely poised to identify the best deals on offer and facilitate our customers to find the solar system that best suits their needs and budget. Request a Solar Quote Comparison today by filling out the form to the right of this page, or call us on 1300 78 72 73.
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