This month marks a full four years of our publishing of the Solar PV Price Index. When we first started keeping track of average system prices back in 2012, it cost roughly 70c more per watt to install a solar PV system in Australia than it does today. The going average rate for a solar installation is $1.62/W.
Average solar PV system prices for August 2016
Prices in the table below include both the up-front incentive available for small-scale systems through the Renewable Energy Target and GST – they represent the total retail cost of the system to the customer. We’ve left fields blank where there were only a small number of price points available in our database (usually less than 3).
Solar system prices for August: $/W medians, highs & lows
Historic solar PV system prices (since August 2012)
The historic pricing in the tables below does not reflect prices for Darwin, NT. See ‘About this data’ footnote below for a more detailed description of where this data comes from and what it represents.
All $/W solar system prices (Historic)
The chart below provides an at-a-glance look at solar PV system pricing trends since August 2012. Data points are the average of average $/W for each system size (1.5kW-5kW until Nov 2013, then also including 10kW from Dec 2013).
A note about the ‘Solar Choice discount’
From August 2012 until November 2015, calculations for our monthly Residential Solar Price Index articles excluded the discount available through Solar Choice network installers exclusively to Solar Choice customers. From last month we have excluded this figure, which works out to approximately 14c/W in most instances. The chart below retroactively applies this amount to every month since the Price Index’s inception.
About this data
Tables and charts included in this article were compiled using data from Solar Choice’s installer network database, which contains regularly-updated pricing and product details from over 100 solar installation companies across Australia. Prices do not ordinarily incorporate meter installation fees or additional costs for difficult installations. ‘Premium’ installer offerings are excluded from calculations. Pricing data from Darwin is not included any of the charts showing historic trends.
© 2016 Solar Choice Pty Ltd