In March there was a reduction in the price per watt for residential solar power systems from $1.60 last month to $1.58. Although only a minor reduction on last month, this is in fact a new record low since the Solar Choice website began recording prices back in 2012.
Average solar PV system prices for March 2017
| State | 1.5kW | 2kW | 3kW | 4kW | 5kW | 10kW |
|---|---|---|---|---|---|---|
| SA | $3,276 | $3,618 | $4,806 | $5,861 | $6,870 | $13,354 |
| QLD | $2,983 | $3,649 | $4,137 | $4,936 | $5,963 | $13,425 |
| ACT | $4,382 | $4,781 | $5,981 | $7,131 | $8,181 | $13,265 |
| NT | $6,527 | $7,293 | $8,670 | $10,518 | $12,485 | $21,743 |
| TAS | $3,732 | $4,323 | $5,549 | $6,842 | $7,687 | $15,210 |
| VIC | $3,522 | $4,025 | $4,766 | $5,537 | $6,468 | $13,298 |
| NSW | $3,110 | $3,619 | $4,432 | $5,207 | $5,997 | $12,519 |
| WA | $2,798 | $3,324 | $4,168 | $4,974 | $5,777 | $12,604 |
| Average | $3,700 | $4,234 | $5,207 | $6,255 | $7,284 | $14,424 |
Solar PV System Prices per Watt March 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 | $1.81 | $1.60 | $1.34 | $1.22 | $1.13 | $1.24 |
| Canberra ACT | $2.84 | $2.33 | $1.94 | $1.73 | $1.59 | $1.31 |
| Darwin NT | $4.35 | $3.65 | $2.87 | $2.63 | $2.46 | $2.23 |
| Melbourne VIC | $2.20 | $1.96 | $1.54 | $1.34 | $1.26 | $1.32 |
| Hobart TAS | $2.40 | $2.07 | $1.81 | $1.70 | $1.52 | $1.50 |
| Adelaide SA | $2.14 | $1.77 | $1.57 | $1.43 | $1.35 | $1.32 |
| Perth WA | $1.56 | $1.39 | $1.18 | $1.05 | $0.96 | $1.24 |
| Brisbane QLD | $1.79 | $1.76 | $1.35 | $1.21 | $1.17 | $1.32 |
| Average | $2.11 | $1.84 | $1.53 | $1.38 | $1.28 | $1.32 |
