Fed: What you'll pay for solar panels
17 Dec 2008 4:23 PM
Cost of installing solar panels under the new rebate system:
* The cost of an average-sized system (1.5kw) starts from $15,000. With a rebate of up to $7,500, the out-of-pocket expense will be at least $7,500.
* The cost of a small system (1kw) starts from $12,000. With a rebate of about $5,000, the out-of-pocket expense will be at least $7,000.
* The industry hopes costs will come down as more people go solar.
Sources: The Climate Group, the federal government.
