Residential Solar PV Price Index February 2017

Residential Solar PV Price Index February 2017

Despite a decrease in the incentive available under the federal Renewable Energy Target last month, average solar power system prices have remained very steady. A small reduction was found in larger systems around 10kW down to $1.60 per watt from $1.62/W in February.

Average solar PV system prices for February 2017

State1.5kW2kW3kW4kW5kW10kW
SA $3,465 $4,014 $5,176 $5,861 $6,870 $13,625
QLD $3,005 $3,572 $4,151 $4,954 $5,965 $13,609
ACT $4,382 $4,781 $5,981 $7,131 $8,181 $12,992
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 $3,497 $4,076 $4,589 $5,565 $6,468 $13,492
NSW $3,110 $3,619 $4,432 $5,207 $5,997 $12,519
WA $2,643 $2,219 $4,130 $4,246 $4,865 $11,953
Average $3,801 $4,245 $5,350 $6,306 $7,338 $14,460

Solar PV System Prices per Watt February 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 $2.00 $1.74 $1.44 $1.28 $1.19 $1.24
Canberra ACT $2.84 $2.33 $1.94 $1.73 $1.59 $1.28
Darwin NT $4.35 $3.65 $2.87 $2.63 $2.46 $2.23
Melbourne VIC $2.19 $1.99 $1.46 $1.35 $1.25 $1.34
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 $1.10 $1.22 $1.04 $0.96 $1.19
Brisbane QLD $1.91 $1.73 $1.36 $1.21 $1.17 $1.35
Average $2.18 $1.85 $1.57 $1.40 $1.29 $1.33
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