Which Solar Panels Are the Cheapest?

“Cheap solar panels”.

Like thousands of other Victorians, you’ve probably Googled this too.

But, hang on:

Is cheapest always best?

When it comes to solar, it’s incredibly important to consider the case of upfront cost versus long-term savings – that is, a lower upfront cost can often obscure the case of a lower-quality product likely to cost you more over the lifespan of your solar PV system.

While finding and purchasing the cheapest solar panels may seem appealing, it’s crucial to understand the importance of investing in high-quality systems.

In this article, we’ll highlight the difference between upfront costs and long-term savings, emphasising why purchasing a quality solar panel system should be the primary goal for every homeowner in Australia – including you!

Ready? Let’s get started:

What factors should I consider when choosing solar panels?

When choosing between various options available on the market, it’s natural to feel overwhelmed. We’re here to remind you that investing in high-quality solar panels ensures optimal performance, durability, and long-term savings.

Of course, upfront cost is something you’re likely to consider in weighing up your options. But it’s not the only thing you should be thinking about:

Efficiency: Solar panel efficiency refers to how effectively panels convert sunlight into electricity. Higher efficiency panels generate more power from the same amount of sunlight, leading to increased energy production and savings. Australian solar panel manufacturers have made significant advancements in efficiency, with many offering panels above 20% efficiency. Considering efficiency when purchasing solar panels is likely to reduce your bills in the long-term – even more so than a panel with a cheaper upfront cost. Both our SunPower and REC solar panels boast incredible efficiency.

Durability and warranty: Quality solar panels are built to withstand harsh weather conditions, ensuring longevity and reduced maintenance costs. Look for panels with strong warranties, such as a 25-year performance warranty and a 10-year product warranty, to safeguard your investment. What point are cheap solar panels if you can’t replace them when they die? Check out our SunPower Maxeon solar panels which have a stunning, industry-best 40-year warranty.

Manufacturer reputation: Opt for solar panels manufactured by reputable companies with a proven track record of reliability, quality, and customer satisfaction. Research customer reviews and check if the manufacturer complies with Australian standards and certifications – for the record, all the panels we sell and install at G Store do!

…and, of course:

Cost: In the current economic conditions, it’s natural to be concerned about the upfront cost of your new solar panels. However, with a number of incredible government solar rebates and incentives available, quality solar panels – as opposed to the cheapest options – are now more available and accessible than ever before.

How do I choose the right solar panels for me?

Selecting the solar panel system that best suits your needs requires careful consideration. Factors to evaluate include:

Energy consumption: Assess your household’s energy consumption patterns to determine the size and capacity of the solar panel system required. Consider your average electricity usage, peak demand times, and the availability of suitable roof space for panel installation.

Cost versus performance: While upfront costs are important, it’s vital to evaluate the long-term performance and savings potential of the solar panel system. Compare the cost per watt, projected energy production, and estimated payback period to understand the system’s value.

Installation and maintenance: Ensure that the solar panel system installation is conducted by accredited installers following Australian standards. Additionally, consider the ease of maintenance and any associated costs when selecting a system.

It’s also important to understand more about the Victorian government incentives and rebates for solar that may apply to you – this way, you can get a higher-quality solar panel for a more affordable upfront investment level.

What government rebates and incentives are available for solar in Victoria?

Both the federal and state Victorian governments offer various government rebates and incentives for solar to promote the adoption of solar panels, solar battery storage, and renewable energy.

These programs can make quality solar panels more affordable.

Here are the initiatives you should be keeping your eye on:

Solar Victoria rebates: Simply Google “Solar Victoria” and discover today the solar and solar battery storage rebates for which you could be eligible. If your uncertain which incentives apply to you, just give our friendly team a call today on 1300 137 567 and we can help you out.

Small-Scale Renewable Energy Scheme (SRES): The SRES provides financial incentives in the form of Small-scale Technology Certificates (STCs) for eligible solar panel installations. These certificates can be traded or sold to reduce the upfront cost of the system.

Feed-in tariffs: Many states and territories in Australia offer feed-in tariffs, allowing homeowners to earn credits or receive payments for excess electricity generated by their solar panels and exported to the grid. Check out our G Store partnership with Simply Energy – you can earn a massive 15c/kW feed-in tariff just for exporting the excess energy you generate and store via your solar plus solar battery storage system!

Which solar panels are the best?

Balancing all of the above factors, our perspective – informed via 15+ years of extensive solar industry expertise – is that it’s worth choosing a panel that balances upfront cost and the various government incentives and rebates available with a panel that’s high-quality, efficient, and that includes an industry-best warranty.

G Store is proud to be an award-winning, deeply reputable Victorian solar retailer and installer offering a wide range of high-quality solar panels from trusted manufacturers.

Our offerings include:

• LG solar panels: Though LG recently ceased the manufacture and sale of its award-winning panels, we’re proud to continue servicing legacy LG solar systems to the high standard for which LG is known.
• SunPower solar panels: SunPower is renowned for its cutting-edge solar technology and highly efficient panels – as well as Maxeon’s industry-leading, incredibly 40-year warranty. Yes, that’s four decades worth of warranty! SunPower’s leading Maxeon® solar cells deliver unmatched performance, ensuring maximum power generation and long-term reliability.
• REC Solar Panels: REC panels are highly regarded for their superior quality, efficiency, and durability. With a strong commitment to sustainability, REC Solar Panels offer a reliable solution for homeowners looking to maximise their solar energy production and savings.

By offering these reputable brands and providing trusted advice on Victorian solar and solar battery rebates, G Store is proud to enable you to choose from a range of high-quality solar panels without compromising on affordability and cost-effectiveness.

So – does “cheap” matter when it comes to the best solar panels?

While finding the cheapest solar panels may seem tempting, the upfront cost should not be the sole determining factor when making a purchasing decision. Investing in a high-quality solar panel system ensures long-term savings, durability, and optimal performance. Factors such as efficiency, durability, manufacturer’s reputation, and tier rating contribute to the overall quality of the panels.

When selecting a solar panel system, it’s essential to consider your energy consumption, evaluate the cost versus performance ratio, and ensure proper installation by accredited professionals. Additionally, take advantage of government rebates and incentives, such as the SRES and feed-in tariffs, to make quality solar panels more affordable.

G Store offers a range of reputable solar panel brands, including SunPower and REC, providing you with an array of solar options that prioritise efficiency, reliability, and long-term savings.

Remember: the value of a solar panel system lies not only in its upfront cost but also in its long-term performance and the savings it brings over its lifespan. By investing in quality solar panels, you can enjoy substantial energy savings, reduce your environmental impact, and contribute to a more sustainable future for Victoria and Australia alike.

So – we suggest choosing wisely, prioritising quality, and reaping the benefits of a high-performing solar panel system that will provide you with long-term value and a greener energy future.

Wrapping up

Keen to understand more about the best solar panels for your needs, circumstances and budget?

With 15+ years of award-winning solar expertise, your G Store solar team is here to help.

To learn more, visit our Learning Centre or give us a call today on 1300 137 567.