Solar PV Price Index – June 2014

On the whole, system prices fell slightly between May and June. 1.5kW system prices look more or less steady across the board, while average pricing for 4kW, 5kW and 10kW systems dropped slightly. Average 2kW and 3kW system prices appear to have fallen a bit more than others (from $2.49/W to $2.27/W and $1.97/W to $1.85/W, respectively), although price fluctuations depend on the city.

June 2014 solar PV system prices

All prices in the table below are inclusive of the federal STC incentive which installers ordinarily include in final system prices.

Solar Choice PV Installation Average Prices June 2014

Solar system prices for June: $/W averages, highs & lows

SolarPVSystemsPrices-Jun2014About STCs

STCs accounted for a price reduction of approximately 68c/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’ offerings are not included.

City Panel brands used Inverter brands used
Adelaide, SA ReneSola, Hanover, Q-Cells, BenQ/AU Optronics, Lightway, Trina, Jinko, Yingli, Munchen, Canadian
SolarMax, SMAFronius, Growatt, Afore, Samil
Brisbane, QLD ReneSola, Perlight, Canadian, Yingli, Trina, LG, Seraphim,  Jinko SolarMax, JFY, Eltek, Samil, Power-One Aurora, Zever, Fronius, SMA
Canberra, ACT ReneSola, Q-Cells, Phoenix, Jinko, Yingli JFY, Growatt, Fronius, Power-One Aurora, SMA
Melbourne, VIC Trina, ReneSola, SolarWorld, Yingli, Lightway, Canadian, Jinko Solar, Solar Juice SolarMax, Power-One Aurora, Fronius, SMA, Samil
Tasmania Jinko, Hanover, ReneSola, Canadian, Yingli Fronius, Power-One Aurora, SolarMax
Sydney, NSW ReneSola, Trina, Munchen, Phono Solar, Top Solar, Jinko, Hanwha, Canadian Solar, Yingli, Solar Juice Power-One Aurora, SolarMax, Fronius, JFY, KStar, SMA, Samil
Perth, WA GY, Hanover, Jinko, ReneSola, Canadian Solar, Opal JFY, Growatt, SMA, Power-One Aurora, SolarMax, Fronius

Historic solar PV system prices (since August 2012)

1.5kWPVPrices-June 2014


Indexed $/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).

PVpriceindexchart-jun2014About 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.

About Solar Choice

Solar Choice is a solar PV installation and advice service based in Sydney, NSW, providing free Solar Quote Comparisons for residential solar customers Australia-wide. Solar Choice’s commercial wing, Solar Choice Commercial, manages tenders for medium- to large-scale solar projects for a wide range of clients. Solar Choice also develops large-scale and utility-scale solar projects of its own.

© 2014 Solar Choice Pty Ltd


  1. Hi,

    Does anybody know of a source for solar PV prices earlier than August 2012?


    1. Hi Richard,

      We might have this data available but need to do some digging into our database. Clean Energy Council or the Australian Solar Council should have some reports as well.

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