The average price of a solar power system went down in the month of December 2015 in all Australian capital cities, demand for solar is increasing Australia wide with the total monthly installed system increasing by 2.7%. 2016 is shaping up to be the biggest year for solar power system sales on record.
Prices in November have dropped to one of the lowest levels since 2012 placing solar power at an average of $1.70/W. 1.5kW, 2kW, 3kW, 4kW and 5kW solar power systems have dropped to record low prices, this could be caused by the sudden high demand. It seems like everywhere one looks there is talk of solar power be it on the TV or social media.
The average solar PV system price came down to $1.79 per watt this month, coming close to the low of $1.76/W set in March of this year.
There was a fall in the price of solar power systems between August and September with large variations between solar prices for the smaller size systems 1-2kW. Brisbane saw a rise in price for the top end components while basic models changed little.