A 40 kw solar system for the right home or business should save around £218200 over the course of its expected 25 year lifetime. That’s based on grid electric costing £0.34/ kWh. That’s roughly £8730 per year in savings, without taking into account inflation or rising electric prices (which both add to your savings if you invest in solar soon).
The cost of installing a 40kw solar panel price varies widely, depending on factors like location, the type of panels used and the complexity of your installation. For your ease, it will cost you nearly 15k AUD, But here’s the kicker: the savings can be substantial.
On an average and what users say, a 40kw solar system produces 130-170kw of electricity on a sunny day. Depending on lot of factors like your location, direction , it may vary. For more support, please reach out to our team. Solar enthusiast and professional installer at Speedy Solar.
Solar panels are usually around 2m², which means the typical 430-watt model will produce 372kWh across a year. A solar panel system will need space on either side, so finding out your roof's area is only one part of working out how much solar electricity you can generate, but it's a great first step.
A large portion of potential solar panel earnings comes from the government's generation tariff, which is part of the Feed-In Tariff (FIT) scheme. Under the generation part of this scheme, you receive a fixed rate of income for each kWh of electricity you generate.
With a 40kW solar system, you’re looking at generating enough power to run a small business or a large household efficiently. Plus, there’s the added advantage of increased property value. Homes equipped with solar systems are often valued higher and are more attractive to eco-conscious buyers.