
What are the cost of solar power and Battery Systems in NZ 2024?




Low Power User
- Monthly Power Bills: Below $100
- System Cost: Under $10,000 in 2024 from $40,000 in 2002. That’s a 75% Drop in price!
- Ideal For: 1-2 people at home, using heat pumps or electric hot water. The system is expandable for future use, ensuring flexibility as your energy needs grow.
Average Power User
- Monthly Power Bills: Below $200
- System Cost: $10,000 – $20,000 in 2024
- Ideal For: 2-4 people at home. This system can include a battery and is also expandable for future use, providing a balanced solution for moderate energy consumers.
High Power User
- Monthly Power Bills: Above $200
- System Cost: $20,000+ in 2024
- Ideal For: 4+ people at home, with multiple forms of heating and a spa. This system is always expandable, accommodating high energy demands and ensuring you never run out of power.
Already Have Solar?
- Monthly Power Bills: Around $100 / Month
- System Cost: Can Vary from $10,000 to $15,000 in NZ 2024
- Ideal For: 4+ people at home, with multiple forms of heating and a spa. This system is always expandable, and comes with an additional 5kw Inverter which can accommodate additional panels to your existing solar system accommodating high energy demands and ensuring you never run out of power.
Find Out How Much Solar Could save you
What makes up the Costs of installing a Solar System with batteries?
Understanding the NZ 2024 solar panels cost helps you make informed decisions. Solar panel cost varies based on several factors, including system size and installation complexity.

Batteries (26.5%):
Batteries make up 26.5% of the cost. They store excess energy generated by the panels for use when sunlight is not available, ensuring continuous power supply.
Panels (18.5%):
Panels account for 18.5% of the total cost. They convert sunlight into electricity, and their quality and type directly impact the system’s efficiency and overall cost.
Installation (19%):
Installation costs, making up 19%, cover labor, mounting equipment, and materials required to securely and optimally set up the panels on your roof or property.
Inverter (13.2%):
Inverters represent 13.2% of the cost, converting the direct current (DC) electricity produced by the panels into alternating current (AC) electricity, which can be used in your home or business.
Balance of System (BOS) (10.6%):
BOS, at 10.6%, includes additional components such as wiring, switches, and monitoring systems, essential for the smooth operation of the solar power system.
Freight (6.9%):
Freight costs make up 6.9% of the total, covering the transportation of the solar panels and equipment to your location.
Service (5.3%):
Service costs, at 5.3%, include maintenance, monitoring, and post-installation services required to ensure the system’s long-term efficiency and performance.
With Affordable solar costs, how much can you save?
This is based off our standard 10 panel Starter Package over 35 years

Assumptions:
The projected energy cost is calculated by considering a 3.0% increase in energy cost each year, due to trends in the raising cost of energy. This estimate is based on Selected preferences, current energy costs and the position and orientation of your roof to calculate the efficiency of the system. Projections are based on estimated usage of 6875 kWh per year (NZ Average), assuming The following Rates:
Find Out How Much Solar Could save you
Utilising Battery Programability
Proposed Tariff Details – 3hrs FREE POWER | |
Energy Charges | |
Flat Rate 12am-9pm |
$0.29 / kWh |
Free Hours 9pm-12am |
$0.00 / kWh |
Feed-in Tariff | |
Feed In Tarrif All Day |
$0.10 / kWh |
Fixed Charges | |
Lines Charge | $1.13 / day |
Estimated Solar Battery System Savings
Month | Solar Generation(kWh) | Export Credit($) | Utility Billbefore solar ($) | Utility Billafter solar ($) | Estimated Savings($) |
Jan | 914 | 54 | 200 | 0 | 200 |
Feb | 771 | 41 | 195 | 0 | 195 |
Mar | 606 | 27 | 199 | 0 | 199 |
Apr | 445 | 14 | 208 | 15 | 193 |
May | 334 | 4 | 242 | 73 | 169 |
Jun | 269 | — | 309 | 153 | 156 |
Jul | 281 | 0 | 338 | 177 | 162 |
Aug | 409 | 2 | 307 | 109 | 197 |
Sep | 539 | 12 | 277 | 59 | 217 |
Oct | 824 | 48 | 203 | 0 | 203 |
Nov | 843 | 47 | 201 | 0 | 201 |
Dec | 919 | 59 | 189 | 0 | 189 |
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Reviews

⭐⭐⭐⭐⭐
“Sunshine Solar installed our 10-panel system last year. Our December bill dropped from $130 in 2021 to just $42 in 2022! We’re saving even in winter, and it’s great powering our home and charging our car. James provided clear details and the installation was seamless. Excellent follow-up service too. Thanks, Sunshine Solar team!”
Jo Wall

⭐⭐⭐⭐⭐
“Thrilled with the service from Sunshine Solar—both pre and post-installation. Their knowledgeable team, including office staff, kept us updated and were always ready to help. They assisted in coordinating with an informative electrician and related power companies. Even in just a few months, we’ve noticed savings and benefits. We wholeheartedly recommend Sunshine Solar to anyone considering solar. – Gary Sword”
Gary Sword

⭐⭐⭐⭐⭐
“I was new to solar and Chris explained everything very simply and clearly. It has now been 12 months since our installation and it has surpassed my expectations! A trustworthy and expert team who have followed up twice to make sure I understand how everything works.”
Kari White
0800-SUNSHINE (786 744)
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