Residential Solar PV Price Index: May 2015

Nationally, average solar energy system prices have risen for the second month in a row, according to data from the Solar Choice installer network database. Prices for 1.5kW, 2kW and 10kW systems rose in all capital cities, while prices for the most popular system sizes (3kW, 4kW and 5kW) showed more variation from place to place, holding steady in some cities, rising in others and declining notably in Brisbane and Canberra.

May 2015 average solar PV system prices

All prices in the table below include the federal STC incentive which installers ordinarily include in final system prices. GST is also included.

Solar Choice average system prices May 2015

Solar system prices for May: $/W averages, highs & lowsSolar Choice average high low prices May 2015

About STCs

STCs accounted for a price reduction of approximately 79c/W for Zone 3 cities (Sydney, Canberra, Perth, Adelaide, and Brisbane), and around 63c/W for Melbourne & Tasmania.

Components used

The table below contains the brands of inverters and solar modules used in installations as listed by installers. ‘Premium’ product offerings are not included.

City Panel brands used Inverter brands used
Adelaide, SA Jinko, ReneSola, Sunrise Solartech, BenQ, Simax, Hanwha Q-Cells, Lightway, Trina Fronius, Growatt, Zeversolar, SMA, Surpass, ABB/PowerOne Aurora, SMA, Delta, Schneider-Xantrex
Brisbane, QLD ReneSola, Jinko, Australia Premium Solar, Jinko, Luxen, LG, Canadian Solar, Hanwha Q-Cells, REC, Suntech Fronius, Zeversolar, ABB/PowerOne Aurora, JFY, SMA, Eltek, REA Powered Micro, Samil Power, Schneider-Xantrex, Growatt
Canberra, ACT Jinko, Hanwha Q-Cells, Trina JFY, ABB/Power-One Aurora, Delta
Melbourne, VIC ReneSola, TDG, Jinko, Yingli, SolarWorld, Canadian Solar Fronius, Delta, ABB/Power-One Aurora, SMA, Zeversolar
Tasmania ReneSola, Hanwha Q-Cells, Yingli Fronius, Samil, ABB/Power-One Aurora
Sydney, NSW LG, Yingli, Hanwha Q-Cells, Top Solar, Suntech, CSun, Jinko, ReneSola, Trina, Canadian Solar SMA, UNO, ABB/Aurora Power-One, Samil Power, Fronius, Growatt, Zeversolar, Eversolar, Sungrow
Perth, WA TN, ET GoodWe, ABB/Aurora Power-One, SMA, Delta, JFY

Historic solar PV system prices (since August 2012)

1-5kw solar system prices May 2015 2kW solar PV system prices May 2015 3kW solar PV system prices May 2015 4kW solar PV system prices May 2015 5kW solar PV system Prices May 2015 10kW solar PV system prices May 2015

Indexed $/W solar system prices (Historic)

The chart below provides an at-a-glance look at solar PV system pricing trends since September 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).

Index solar PV system prices May 2015

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 125 solar installation companies across Australia. Prices do not ordinarily incorporate meter installation fees or additional costs for difficult installations. The discount available to Solar Choice customers is also excluded from calculations, as are prices for ‘premium’ installer offerings. Except in the final chart, average pricing figures for all of Australia are not weighted.

© 2015 Solar Choice Pty Ltd