Balmain East Solar Power Systems
As at March – 2024, Balmain East solar power installations have taken place on 704 homes (postcode area 2041).
Balmain East has 4,916 homes so that equals a solar penetration of 14%.
This is lower than the state average of New South Wales which has a statewide solar household penetration of 37%. So Balmain East is a fair way behind compared to the rest of the state.
The best performing suburb in New South Wales when it comes to the proportion of homes that have had solar power systems installed is Berrigal with a solar household penetration of 70%.
With statewide solar household penetration of 37%, New South Wales is almost there compared to the rest of the country which has solar penetration of 40%.
Balmain East Solar Power Statistics:
Number of homes: 4,916
Number of homes with solar: 704
Household solar power system penetration: 14%
Statewide household solar power penetration: 37%
National household solar power penetration: 40%
We estimate that last year, the homeowners in Balmain East collectively saved $890,784 off their power bills! That’s money going straight back into the local Balmain East community.
Solar Panels Balmain East Pricing Information
According to our research, the average price for a 6.6kW solar system in Balmain East is $4,000.
For a well performing solar system in Balmain East, we estimate that the electricity generated will be approximately 22 kWh/day.
If 50% of the 22kWh is consumed in the home, and the remainder exported into the electricity grid, we estimate that the annual saving on a typical power bill is $1,597 per year.
This represents a simple payback time of 2.5 years which is a pretty good return on investment.