Residential Solar PV Price Index December 2016

The average price per watt of installed solar power for December 2016 is $1.62 per watt, not much movement in prices has taken place over the past few months with the cost of most systems between 2kW and 10kW remaining steady.

Average solar PV system prices for December 2016

State1.5kW2kW3kW4kW5kW10kW
SA $3,465 $4,014 $5,176 $5,861 $6,870 $13,445
QLD $2,981 $3,583 $4,181 $5,113 $5,992 $13,424
ACT $4,382 $4,781 $5,981 $7,131 $8,181 $13,960
NT $6,527 $7,293 $8,670 $10,518 $9,250 $21,743
TAS $3,745 $4,355 $5,726 $6,914 $7,879 $16,313
VIC $3,380 $3,994 $4,837 $5,628 $6,501 $13,636
NSW $3,145 $3,650 $4,747 $5,327 $6,103 $13,451
WA $2,371 $2,646 $3,410 $4,137 $4,692 $13,330
Average $3,750 $4,290 $5,307 $6,329 $6,933 $14,913

Solar PV System Prices per Watt December 2016

All prices in the table below include the federal STC incentive which installers ordinarily include in final system prices. GST is also included.

Location1.5kW2.0kW3.0kW4.0kW5.0kW10kW
Sydney NSW $2.03 $1.78 $1.48 $1.31 $1.21 $1.33
Canberra ACT $2.84 $2.33 $1.94 $1.73 $1.59 $1.38
Darwin NT $4.35 $3.65 $2.87 $2.63 $2.53 $2.23
Melbourne VIC $2.15 $1.94 $1.56 $1.36 $1.26 $1.36
Hobart TAS $2.48 $2.15 $1.87 $1.71 $1.55 $1.62
Adelaide SA $2.26 $1.97 $1.69 $1.43 $1.35 $1.34
Perth WA $1.44 $1.31 $1.05 $1.02 $0.93 $1.33
Brisbane QLD $1.90 $1.75 $1.38 $1.26 $1.19 $1.33
Average $2.16 $1.89 $1.57 $1.40 $1.30 $1.38
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