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.

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 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. A typical solar power system consists of the following:

Are solar panels a good investment in New Zealand?

A solar power system in New Zealand can easily earn a 10 to 15% return on investment. But this rate of return is likely to increase each year as the price of electricity continues to climb. Unsure if solar panels on your roof will be worthwhile or if the upfront cost will lead to a good payback?

Why should you choose a solar panel system in New Zealand?

Dependable - Your family has constant access to power whether your panels are generating energy (daytime) or not (night time). So you never have to worry about running out. In New Zealand you currently get paid for the extra power that you are generating and putting back to the grid.

What is a hybrid solar system?

A hybrid solar system is a type of solar power system that combines the benefits of both grid-tied and off-grid systems. A typical hybrid solar system consists of solar panels, a solar inverters and batteries. Here is a description of a hybrid solar system with 20 panels and how it works: