Solar Power Profile - Banks, ACT 2906
More than 2642 homes in postcode 2906 have solar panels installed, which includes the towns of Banks, Conder and Gordon.
In terms of solar power, collectively that's a whopping 17,420 kW of solar panels installed that are generating on average 70,528 kWh per day, or 25,743 MWh per year. This means the average solar-powered home in this area is saving $1,724.625 per year, which combined saves this community approximately $4,504,976 per year.
Banks and 2906 are also doing their bit for the planet too because this amount of solar power has reduced the yearly carbon footprint for the area by 18,792.39 tonnes. To put this into perspective, that's the equivalent amount of yearly carbon dioxide captured and sequestered by 324,114 trees, or it's equivalent to 156,603,250 km worth of car emissions.
Solar Ranking
Postcode 2906
9th
State Wide
373rd
Australia Wide
Solar Power in Banks
* Data from The Bureau of Meteorology (BOM). Closest weather station to Banks: Lanyon House - approx. 2.9 km
Featured Solar Installers Servicing Banks
Community Solar Statistics - Banks, 2906
Banks Demographics
Banks and the postcode of 2906 has a total population of 17465 people, with a median age of 37 years. There are 6607 households in Banks, with an average of 0.8 people per bedroom. The average number of people per household is 2.7 with a median income of 2410 per week per household.
About 77% of homes in the area are homeowners who either own their home outright or have a mortgage. The median mortage repayment in Banks is $2000/month. By installing solar power in Banks, the average household could save 7.19% of their monthly mortage, resulting in approximately a $61752 saving over the lifetime of their loan, assuming they put the electricity savings toward their home loan, a $500,000 loan, with a 4% interest rate over 30 years. Electricy cost savings from an average solar system is approximately 1.38% of household income. Clearly, installing solar power in Banks is a sensible thing to do financially and for the planet.
* Based on Australian Bureau of Statistics 2021 Data
About Banks
Banks ACT 2906 is a suburb located in the southern part of Canberra, Australia. It is known for its peaceful and quiet environment, making it a perfect place for those who want to escape the hustle and bustle of the city. The suburb is surrounded by beautiful parks and reserves, including the nearby Tuggeranong Hill Nature Reserve and the Pine Island Reserve. Visitors can enjoy hiking, biking, and picnicking in these areas.
With over 200 sunny days per year, Banks ACT 2906 is an ideal location for solar power. The suburb receives an average of 4.5 hours of sunshine per day, making it a great place for solar panel installation. Solar installers in Banks ACT 2906 can take advantage of the optimal solar panel angle and orientation to maximize solar yields. While there may be some shading issues due to nearby trees and buildings, proper planning and installation can mitigate these issues.
By producing solar power in Banks ACT 2906, residents and businesses can enjoy the benefits of renewable energy while reducing their carbon footprint. Solar power is a clean and sustainable energy source that can help reduce greenhouse gas emissions. Additionally, installing solar panels can lead to significant cost savings on electricity bills over time. With the abundance of sunshine in Banks ACT 2906, it is a prime location for solar power and a great opportunity for residents and businesses to invest in renewable energy.