For the last two months solar power system prices have been on the increase however during March there was a slight decrease in prices. The current price per watt of solar power is sitting around $1.64/W.
Solar power system installation prices have increased for the second month running according to information submitted by our listed solar panels installers. The average price per Watt is roughly $1.65 up from last months figure of $1.58.
After a 6 month period of price falls solar power system prices started to rise slightly in all Australian cities increasing by approximately 5c/W.
The cost of deploying renewables across Australia is just a small proportion of electricity bills. By far the most significant component of electricity bills is network costs (40 to 50 per cent of bills) – that is, upgrading transmission and distribution infrastructure such as poles and wires to handle rising peak demand and replace old equipment.