Residential Solar PV Price Index March 2017

Residential Solar PV Price Index March 2017

In March there was a reduction in the price per watt for residential solar power systems from $1.60 last month to $1.58. Although only a minor reduction on last month, this is in fact a new record low since the Solar Choice website began recording prices back in 2012.

Average solar PV system prices for March 2017

State1.5kW2kW3kW4kW5kW10kW
SA $3,276 $3,618 $4,806 $5,861 $6,870 $13,354
QLD $2,983 $3,649 $4,137 $4,936 $5,963 $13,425
ACT $4,382 $4,781 $5,981 $7,131 $8,181 $13,265
NT $6,527 $7,293 $8,670 $10,518 $12,485 $21,743
TAS $3,732 $4,323 $5,549 $6,842 $7,687 $15,210
VIC $3,522 $4,025 $4,766 $5,537 $6,468 $13,298
NSW $3,110 $3,619 $4,432 $5,207 $5,997 $12,519
WA $2,798 $3,324 $4,168 $4,974 $5,777 $12,604
Average $3,700 $4,234 $5,207 $6,255 $7,284 $14,424

Solar PV System Prices per Watt March 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 $1.81 $1.60 $1.34 $1.22 $1.13 $1.24
Canberra ACT $2.84 $2.33 $1.94 $1.73 $1.59 $1.31
Darwin NT $4.35 $3.65 $2.87 $2.63 $2.46 $2.23
Melbourne VIC $2.20 $1.96 $1.54 $1.34 $1.26 $1.32
Hobart TAS $2.40 $2.07 $1.81 $1.70 $1.52 $1.50
Adelaide SA $2.14 $1.77 $1.57 $1.43 $1.35 $1.32
Perth WA $1.56 $1.39 $1.18 $1.05 $0.96 $1.24
Brisbane QLD $1.79 $1.76 $1.35 $1.21 $1.17 $1.32
Average $2.11 $1.84 $1.53 $1.38 $1.28 $1.32
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