Despite a decrease in the incentive available under the federal Renewable Energy Target last month, average solar power system prices have remained very steady. A small reduction was found in larger systems around 10kW down to $1.60 per watt from $1.62/W in February.
Average solar PV system prices for February 2017
| State | 1.5kW | 2kW | 3kW | 4kW | 5kW | 10kW |
|---|---|---|---|---|---|---|
| SA | $3,465 | $4,014 | $5,176 | $5,861 | $6,870 | $13,625 |
| QLD | $3,005 | $3,572 | $4,151 | $4,954 | $5,965 | $13,609 |
| ACT | $4,382 | $4,781 | $5,981 | $7,131 | $8,181 | $12,992 |
| NT | $6,527 | $7,293 | $8,670 | $10,518 | $12,485 | $21,743 |
| TAS | $3,782 | $4,389 | $5,668 | $6,966 | $7,871 | $15,746 |
| VIC | $3,497 | $4,076 | $4,589 | $5,565 | $6,468 | $13,492 |
| NSW | $3,110 | $3,619 | $4,432 | $5,207 | $5,997 | $12,519 |
| WA | $2,643 | $2,219 | $4,130 | $4,246 | $4,865 | $11,953 |
| Average | $3,801 | $4,245 | $5,350 | $6,306 | $7,338 | $14,460 |
Solar PV System Prices per Watt February 2017
All prices in the table below include the federal STC incentive which installers ordinarily include in final system prices. GST is also included.
| Location | 1.5kW | 2.0kW | 3.0kW | 4.0kW | 5.0kW | 10kW |
|---|---|---|---|---|---|---|
| Sydney NSW | $2.00 | $1.74 | $1.44 | $1.28 | $1.19 | $1.24 |
| Canberra ACT | $2.84 | $2.33 | $1.94 | $1.73 | $1.59 | $1.28 |
| Darwin NT | $4.35 | $3.65 | $2.87 | $2.63 | $2.46 | $2.23 |
| Melbourne VIC | $2.19 | $1.99 | $1.46 | $1.35 | $1.25 | $1.34 |
| Hobart TAS | $2.43 | $2.10 | $1.85 | $1.74 | $1.56 | $1.56 |
| Adelaide SA | $2.26 | $1.97 | $1.69 | $1.43 | $1.35 | $1.36 |
| Perth WA | $1.63 | $1.10 | $1.22 | $1.04 | $0.96 | $1.19 |
| Brisbane QLD | $1.91 | $1.73 | $1.36 | $1.21 | $1.17 | $1.35 |
| Average | $2.18 | $1.85 | $1.57 | $1.40 | $1.29 | $1.33 |
