Between May and June solar PV system installation prices increased slightly coming in at close to $1.69 per watt of installed solar capacity. Prices were at their lowest in Perth and Hobart was the highest with the exception of 10kW system prices remaining relatively stable across Australia.
The price of a new solar power system will depend on the size of the system, in other words, the power output or kW of the system.
Based on data from solar panel installers across Australia the average price per Watt for a fully installed solar power system is sitting around $1.65 including GST. Market indicators are continuing to show an increase in solar uptake in both the residential and commercial solar markets.
The average solar power system price dropped between March and April 2016. The average price per Watt for a fully installed home solar power systems is sitting on around $1.60.