Solar Power Profile - Speed, VIC 3488
More than 20 homes in postcode 3488 have solar panels installed, which includes the towns of Speed, Turriff and Turriff East.
In terms of solar power, collectively that's a whopping 83 kW of solar panels installed that are generating on average 356 kWh per day, or 130 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 $22,739.5 per year.
Speed and 3488 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 107.9 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 899,167 km worth of car emissions.
Solar Ranking
Postcode 3488
684th
State Wide
2568th
Australia Wide
Solar Power in Speed
* Data from The Bureau of Meteorology (BOM). Closest weather station to Speed: Speed (post Office) - approx. 1.2 km
Featured Solar Installers Servicing Speed
Community Solar Statistics - Speed, 3488
Speed Demographics
Speed and the postcode of 3488 has a total population of 80 people, with a median age of 53 years. There are 48 households in Speed, with an average of 0.6 people per bedroom. The average number of people per household is 2.1 with a median income of 1771 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 Speed is $867/month. By installing solar power in Speed, the average household could save 11.05% of their monthly mortage, resulting in approximately a $94967 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 1.25% of household income. Clearly, installing solar power in Speed is a sensible thing to do financially and for the planet.
* Based on Australian Bureau of Statistics 2021 Data
About Speed
SPEED VIC 3488 is a small town located in Victoria, Australia. The town is known for its beautiful natural surroundings, including the nearby Grampians National Park and Mount Arapiles. Visitors to the area can enjoy hiking, rock climbing, and camping in these stunning locations.
With an average of 5.5 hours of sunshine per day, SPEED VIC 3488 is an ideal location for solar power production. The town's sunny weather and lack of shading issues make it a prime spot for solar panel installation. Additionally, the optimal solar panel angle and orientation can be easily achieved in this area, maximizing solar yields.
By investing in solar power in SPEED VIC 3488, residents and businesses can take advantage of the many benefits of renewable energy. Solar power can help reduce electricity bills, decrease reliance on non-renewable energy sources, and contribute to a cleaner environment. Local solar installers are available to assist with the installation process and ensure that solar panels are properly placed and maintained.