Solar Power Profile - Magnetic Island, QLD 4819
More than 693 homes in postcode 4819 have solar panels installed, which includes the towns of Magnetic Island, Arcadia Bay, Arcadia, Florence Bay, Horseshoe Bay, Nelly Bay, Picnic Bay and West Point.
In terms of solar power, collectively that's a whopping 4,301 kW of solar panels installed that are generating on average 22,125 kWh per day, or 8,076 MWh per year. This means the average solar-powered home in this area is saving $2,044 per year, which combined saves this community approximately $1,413,234.375 per year.
Magnetic Island and 4819 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 5,895.48 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 49,129,000 km worth of car emissions.
Solar Ranking
Postcode 4819
248th
State Wide
1231st
Australia Wide
Solar Power in Magnetic Island
* Data from The Bureau of Meteorology (BOM). Closest weather station to Magnetic Island: Magnetic Island - Nelly Bay - approx. 2.4 km
Featured Solar Installers Servicing Magnetic Island
Community Solar Statistics - Magnetic Island, 4819
Magnetic Island Demographics
Magnetic Island and the postcode of 4819 has a total population of 2115 people, with a median age of 58 years. There are 1495 households in Magnetic Island, with an average of 0.7 people per bedroom. The average number of people per household is 1.9 with a median income of 1001 per week per household.
About 49% of homes in the area are homeowners who either own their home outright or have a mortgage. The median mortage repayment in Magnetic Island is $1353/month. By installing solar power in Magnetic Island, the average household could save 12.59% of their monthly mortage, resulting in approximately a $108186 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 3.93% of household income. Clearly, installing solar power in Magnetic Island is a sensible thing to do financially and for the planet.
* Based on Australian Bureau of Statistics 2021 Data
About Magnetic Island
Arcadia is a suburb located in the city of Townsville, Queensland, Australia. It is situated on the slopes of Castle Hill, offering breathtaking views of the surrounding area. The suburb is known for its lush greenery, peaceful atmosphere, and stunning natural landscapes, making it a popular tourist destination.
With an average of 320 days of sunshine per year, Arcadia is an ideal location for solar power. The optimal angle for solar panels in this area is around 23 degrees, facing north. However, shading issues may arise due to the surrounding trees and hills. Despite this, solar yields in Arcadia are still high, making it a great place for solar installers to set up shop.
Installing solar energy in Arcadia not only benefits the environment but also helps homeowners save money on their electricity bills. With the increasing cost of electricity, solar power is a smart investment for any household. By harnessing the power of the sun, residents can reduce their carbon footprint and contribute to a cleaner, greener future.