Average residential solar power system prices dropped to $1.63 per Watt during July equal to the low of April 2016 and close to the big low of $1.59 per Watt seen in December of 2015. The fall in solar PV prices applied to all system kW sizes. Perth has the best solar deals in Australia with some of the best prices for systems 2kW right through to 10kW and above.
Between May and June solar PV system installation prices increased slightly coming in at close to $1.69 per watt of installed solar capacity. Prices were at their lowest in Perth and Hobart was the highest with the exception of 10kW system prices remaining relatively stable across Australia.
Based on data from solar panel installers across Australia the average price per Watt for a fully installed solar power system is sitting around $1.65 including GST. Market indicators are continuing to show an increase in solar uptake in both the residential and commercial solar markets.