Solar Power Profile - Reservoir, VIC 3073
More than 3705 homes in postcode 3073 have solar panels installed, which includes the towns of Reservoir, Keon Park, Reservoir East, Reservoir North and Reservoir South.
In terms of solar power, collectively that's a whopping 18,622 kW of solar panels installed that are generating on average 66,526 kWh per day, or 24,282 MWh per year. This means the average solar-powered home in this area is saving $1,149.75 per year, which combined saves this community approximately $4,249,348.25 per year.
Reservoir and 3073 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 20,154.06 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 167,950,500 km worth of car emissions.
Solar Ranking
Postcode 3073
47th
State Wide
340th
Australia Wide
Solar Power in Reservoir
* Data from The Bureau of Meteorology (BOM). Closest weather station to Reservoir: Preston Reservoir - approx. 1.1 km
Featured Solar Installers Servicing Reservoir
Community Solar Statistics - Reservoir, 3073
Reservoir Demographics
Reservoir and the postcode of 3073 has a total population of 48112 people, with a median age of 38 years. There are 22212 households in Reservoir, with an average of 0.9 people per bedroom. The average number of people per household is 2.4 with a median income of 1541 per week per household.
About 55% of homes in the area are homeowners who either own their home outright or have a mortgage. The median mortage repayment in Reservoir is $1986/month. By installing solar power in Reservoir, the average household could save 4.82% of their monthly mortage, resulting in approximately a $41458 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 1.43% of household income. Clearly, installing solar power in Reservoir is a sensible thing to do financially and for the planet.
* Based on Australian Bureau of Statistics 2021 Data
About Reservoir
Keon Park is a suburb located in the northern part of Melbourne, Victoria, Australia. It is a small and quiet town with a population of approximately 2,500 people. The town is surrounded by beautiful parks and reserves, including the Edwardes Lake Park and the Darebin Creek Reserve. In addition, Keon Park has a range of local shops, cafes, and restaurants, making it a great place to live or visit.
Keon Park enjoys a temperate climate, with warm summers and mild winters. The town experiences an average of 2,200 hours of sunshine per year, which makes it an ideal location for solar power. Solar panels installed in Keon Park can produce a significant amount of energy throughout the year, especially if they are installed at the optimal angle and orientation. While potential shading issues should be taken into consideration, the solar yields in Keon Park are generally high.
There are many benefits to installing solar power in Keon Park. Not only does it help reduce your carbon footprint and contribute to a cleaner environment, but it can also save you money on your energy bills. By working with local solar installers in Keon Park, you can ensure that your solar panels are installed properly and efficiently. In addition, the Australian government offers various incentives and rebates for those who choose to install solar power, making it an affordable and practical option for many homeowners and businesses in Keon Park.