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.
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.
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 power system prices in most Australian capital cities changed little between October and November 2016, according to data from the Solar Directory installer network. Currently, the average price for a solar power system is close to $1.63 per watt give or take a few cents.