Residential Solar PV Price Index January 2017

Residential Solar PV Price Index January 2017

The 2017 solar year has started with average solar power generation prices sitting stable at close to $1.62/W continuing the trend of the previous six months. Smaller sized PV systems between 2.5kW and 2kW are the most expensive to install on a price per watt basis with 5 to 10kW systems offering the best value for money. The most expensive install location is Darwin and the cheapest is Perth, however Darwin gets way more sun than most so in the long run the higher install price may have a quicker payback time.

Average solar PV system prices for January 2017

State1.5kW2kW3kW4kW5kW10kW
SA $3,465 $4,014 $5,176 $5,861 $6,870 $13,732
QLD $2,981 $3,583 $4,181 $5,113 $5,992 $13,465
ACT $4,382 $4,781 $5,981 $7,131 $8,181 $13,925
NT $6,527 $7,293 $8,670 $10,518 $12,485 $21,743
TAS $3,782 $4,389 $5,668 $6,966 $7,871 $15,746
VIC $3,469 $4,048 $4,841 $5,551 $6,454 $13,402
NSW $3,145 $3,650 $4,747 $5,327 $5,868 $13,431
WA $2,643 $2,774 $4,188 $4,183 $4,744 $13,330
Average $3,799 $4,316 $5,397 $6,331 $7,308 $14,847

Solar PV System Prices per Watt January 2017

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 $1.15 $1.32
Canberra ACT $2.84 $2.33 $1.94 $1.73 $1.59 $1.37
Darwin NT $4.35 $3.65 $2.87 $2.63 $2.39 $2.23
Melbourne VIC $2.18 $1.98 $1.57 $1.35 $1.25 $1.33
Hobart TAS $2.43 $2.10 $1.85 $1.74 $1.56 $1.56
Adelaide SA $2.26 $1.97 $1.69 $1.43 $1.35 $1.36
Perth WA $1.63 $1.37 $1.28 $1.03 $0.94 $1.33
Brisbane QLD $1.90 $1.75 $1.38 $1.26 $1.19 $1.33
Average $2.18 $1.90 $1.60 $1.41 $1.29 $1.37
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