Solar power nz cost

How much do solar panels cost in New Zealand?

A 3kW solar power system would need ten 300W solar panels at a rough cost of $8000 – $10,000 in New Zealand. Conversely, a 4kW solar power system would require fourteen 290W solar panels at a ballpark figure of $10k – $11k installed.

How much does a 5 kW solar system cost in New Zealand?

In 2023, a typical 5 kW solar power system in New Zealand costs around $13,500. Like most other things, the larger a system, the lower its cost per watt. For instance, a small, 2 kW system may cost around $7,500, which comes down to about $3.75/W. On the other hand, a larger, 10 kW system can cost around $25,000, or about $2.5/W.

What is the cost of a solar system?

The cost of solar panels and solar power energy systems has significantly decreased over the years. Today, a 3kW system can be installed for less than $9,000. Eight years ago, the same system would have cost around $40,000. As equipment and processes become more developed and efficient, prices drop.

How much does a solar system cost per watt?

Like most other things, the larger a system, the lower its cost per watt. For instance, a small, 2 kW system may cost around $7,500, which comes down to about $3.75/W. On the other hand, a larger, 10 kW system can cost around $25,000, or about $2.5/W. Let us dive a little deeper.

How many types of solar systems are there in New Zealand?

Generally, there are only three types of solar systems used in the New Zealand market: off-grid, grid-connected with a power storage system. You should discuss your specific requirements with your chosen solar installation professional.

How much does a 10 kW solar system cost?

On the other hand, a larger, 10 kW system can cost around $25,000, or about $2.5/W. Let us dive a little deeper. While solar panels steal most of the spotlight in any system, they are only one of the numerous components that make up the system.