Solar Savings & Payback Calculator
See how long it will take for a solar system to pay for itself. The calculator also allows you to compare a high quality photovoltaic (PV) system with a lower priced solar system and see the difference in payback time.
Solar use vs. Solar export
Calculations:
- Average solar 1kW output for postcode {{ formData.postcode }} : {{ yearlyOutput }} kWh
- Estimated daily consumption : {{dailyConsumption}} kWh
- Estimated yearly consumption : {{yearlyConsumption}} kWh
- Estimated electricity price per kWh : ${{formData.purchaseRate}}
- Estimated yearly bill : ${{yearlyCost}}
- (without supply charge)
Details
| System Size (kW) | Electricity cost (Yearly) | Electricity Consumed (kWh) | Electricity Produced (kWh) | Solar Used (kWh) | Solar Used ($) | Solar Exported (kWh) | Solar Exported ($) | Potential Solar Saving | Left to Pay | % of old bill |
|---|---|---|---|---|---|---|---|---|---|---|
| {{data.systemSize}} | $ {{data.yearlyCost}} | {{data.yearlyKWH}} kWh | {{data.yearlySolarProduced}} kWh | {{data.solarUsedKWH}} kWh | $ {{data.solarUsedPrice}} | {{data.solarExportedKWH}} kWh | $ {{data.solarExportedPrice}} | $ {{data.solarSaving}} | $ {{data.leftToPay}} | {{data.offset}}% |
ELECTRICITY PRICE RISE IMPACT
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Next CalculatorDisclaimer: This calculator allows you to enter certain data such as your quarterly electricity bill and the average cost of electricity in your area. The calculator then also asks you to make assumptions about solar used versus solar exported during the day. This calculator is not to be seen as a precise tool. It is only providing an indication and demonstration of how solar electricity used versus solar exported works. The solar used versus solar exported varies depending on your own personal electricity consumption patterns. LG encourages you to discuss your energy consumption pattern with your chosen solar installation company to create the best solution for you having regard to your individual circumstances.
Please note these calculators are a guide only. Please verify the information obtained through these calculators independently. In compiling these calculators LG Australia (LG) has utilised available data from the Clean Energy Council and the Australian Bureau of Meteorology. LG has used its best endeavor to ensure that the supplied calculations and information are correct, but LG takes no responsibility for any error or defect therein. LG Electronics shall not be liable for any loss or damage arising from the use or reliance of any data supplied by these calculators.