Solar Power Profile - Lane Cove, NSW 2066
More than 2007 homes in postcode 2066 have solar panels installed, which includes the towns of Lane Cove, Osborne Park, Lane Cove North, Lane Cove West, Linley Point, Longueville, Northwood and Riverview.
In terms of solar power, collectively that's a whopping 14,965 kW of solar panels installed that are generating on average 58,094 kWh per day, or 21,204 MWh per year. This means the average solar-powered home in this area is saving $1,852.375 per year, which combined saves this community approximately $3,710,754.25 per year.
Lane Cove and 2066 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 15,478.92 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 128,991,000 km worth of car emissions.
Solar Ranking
Postcode 2066
130th
State Wide
464th
Australia Wide
Solar Power in Lane Cove
* Data from The Bureau of Meteorology (BOM). Closest weather station to Lane Cove: Riverview Observatory - approx. 1.6 km
Featured Solar Installers Servicing Lane Cove
Community Solar Statistics - Lane Cove, 2066
Lane Cove Demographics
Lane Cove and the postcode of 2066 has a total population of 32156 people, with a median age of 38 years. There are 14088 households in Lane Cove, with an average of 1 people per bedroom. The average number of people per household is 2.5 with a median income of 2754 per week per household.
About 58% of homes in the area are homeowners who either own their home outright or have a mortgage. The median mortage repayment in Lane Cove is $3000/month. By installing solar power in Lane Cove, the average household could save 5.15% of their monthly mortage, resulting in approximately a $44218 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 1.29% of household income. Clearly, installing solar power in Lane Cove is a sensible thing to do financially and for the planet.
* Based on Australian Bureau of Statistics 2021 Data
About Lane Cove
Located in the Lower North Shore of Sydney, Lane Cove North is a charming suburb that offers a mix of residential and commercial areas. Its proximity to the Lane Cove National Park and the Lane Cove River makes it an ideal place for nature lovers and outdoor enthusiasts. The suburb is also home to a number of cafes, restaurants, and shops, making it a vibrant and lively community.
With an average of 4.2 hours of sunshine per day, Lane Cove North has a moderate climate that is perfect for solar power. Installing solar panels in this suburb can help homeowners and businesses reduce their electricity bills and lower their carbon footprint. Solar installers in Lane Cove North can help residents determine the optimal angle and orientation for their solar panels, as well as identify any potential shading issues that may affect solar yields.
Switching to solar power in Lane Cove North can bring a number of benefits. Not only can it help reduce electricity bills and lower carbon emissions, but it can also increase the value of a property. With the increasing demand for renewable energy, homes and businesses with solar panels are becoming more attractive to buyers. By investing in solar power, residents of Lane Cove North can contribute to a cleaner and more sustainable future for their community.