Solar Power Profile - Lake Margaret, TAS 7467
More than 136 homes in postcode 7467 have solar panels installed, which includes the towns of Lake Margaret and Queenstown.
In terms of solar power, collectively that's a whopping 922 kW of solar panels installed that are generating on average 2,657 kWh per day, or 970 MWh per year. This means the average solar-powered home in this area is saving $1,277.5 per year, which combined saves this community approximately $169,715.875 per year.
Lake Margaret and 7467 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 708.1 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 5,900,833 km worth of car emissions.
Solar Ranking
Postcode 7467
66th
State Wide
1974th
Australia Wide
Solar Power in Lake Margaret
* Data from The Bureau of Meteorology (BOM). Closest weather station to Lake Margaret: Lake Margaret Dam - approx. 1.3 km
Featured Solar Installers Servicing Lake Margaret
Community Solar Statistics - Lake Margaret, 7467
Lake Margaret Demographics
Lake Margaret and the postcode of 7467 has a total population of 1632 people, with a median age of 47 years. There are 1128 households in Lake Margaret, with an average of 0.7 people per bedroom. The average number of people per household is 2 with a median income of 851 per week per household.
About 52% of homes in the area are homeowners who either own their home outright or have a mortgage. The median mortage repayment in Lake Margaret is $574/month. By installing solar power in Lake Margaret, the average household could save 18.55% of their monthly mortage, resulting in approximately a $159381 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 2.89% of household income. Clearly, installing solar power in Lake Margaret is a sensible thing to do financially and for the planet.
* Based on Australian Bureau of Statistics 2021 Data
About Lake Margaret
Located in the heart of Tasmania, Lake Margaret is a small town with a population of just over 100 people. The town is surrounded by stunning mountain ranges, including the Ragged Jack Range and the Eldon Range, making it a popular destination for hikers and nature enthusiasts. Lake Margaret itself is a beautiful alpine lake, perfect for fishing and boating.
With over 2,200 hours of sunshine each year, Lake Margaret is an ideal location for solar power. The town enjoys a temperate climate with mild summers and cool winters, making it an excellent place to install solar panels. Solar installers in Lake Margaret can take advantage of the optimal orientation and angle for solar panels to ensure maximum solar yield.
By producing solar power in Lake Margaret, residents can reduce their reliance on traditional energy sources and save money on their electricity bills. Solar energy is a renewable energy source that is both environmentally friendly and cost-effective. With the abundance of sunshine in Lake Margaret, solar power is a smart investment for homeowners and businesses alike.