Residential Solar PV Price Index – November 2014

Average residential solar system prices have leveled out, changing little between October and November according to figures from the Solar Choice installer network database. This follows about four months of steady declines amid questions about the future of the Renewable Energy Target. Although overall average prices were steady, closer examination shows some variability in prices between cities and system sizes. This month, systems were dearest in Hobart and Canberra, while prices were generally lowest in Perth.

November 2014 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 residential solar system prices nov 2014

Solar system prices for November: Dollar-per-watt averages, highs & lows

Solar Choice avg high low solar system prices Nov 2014

About STCs

STCs accounted for a price reduction of approximately 70c/W for Zone 3 cities (Sydney, Canberra, Perth, Adelaide, and Brisbane), and around 66c/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 BenQ, Jinko, Lightway, Q.CELLS, RenaSola, Solar Juice, Trina, Yingli SMA, Power-One Aurora, Delta, Fronius, Growatt, Samil, Schneider, SolarMax
Brisbane, QLD Canadian Solar, CSUN, Jinko, LG, Luxen, RenaSola, Suntech, Yingli Power-One Aurora, Eltek, Fronius, Growatt, JFY, Samil, Schneider, SMA, Sungrow, Zever
Canberra, ACT Jinko, Q.CELLS, ReneSola, Solar Juice, Trina, Yingli Power-One Aurora, Delta, Fronius, Growatt, JFY, Samil, SMA
Melbourne, VIC Jinko, RenaSola, Solar Juice, Solarworld, Trina, Yingli Power-One Aurora, Fronius, Growatt, Samil, SMA, SolarMax
Tasmania ReneSola, Jinko, Solar Juice, Yingli Power-One Aurora, Fronius, Samil, SolarMax
Sydney, NSW ReneSola, Hanwha, Yingli, Trina, Top Solar, Jinko, Solar Juice, Munchen, Canadian Power-One Aurora, Eversolar, Fronius, Growatt, Power-One Aurora, Samil, SMA, SolarMax, UNO
Perth, WA Jinko, Solar Juice, Trina Power-One Aurora, Fronius, Delta, GoodWe, JFY, Samil

Historic solar PV system prices (since August 2012)

1-5kW solar system prices Nov 20142kW solar system prices Nov 20143kW solar system prices Nov 20144kW solar system prices Nov 20145kW solar system prices Nov 201410kW solar system prices Nov 2014

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).

Solar Choice PV Price Index historic prices Nov 2014

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.

About Solar Choice

Solar Choice provides an impartial solar energy Quote Comparison service for Australian consumers by delivering market transparency from a network of over 100 leading installers nation-wide. Since 2008, we’ve delivered our free Solar Quote Comparisons to over 85,000 Australian households. Solar Choice’s commercial wing, Solar Choice Commercial, compares the market for systems from 30kW to 100kW, and manages tenders for projects up to 2MW. Solar Choice also develops its own very large-scale solar farm projects.

© 2014 Solar Choice Pty Ltd


  1. When you say $, do you mean USD or Australia dollar.
    Thank for your great information.


    1. Hi Jess,

      We are working on making it possible for customers to compare energy storage options side-by-side on our platform. There will be an announcement when this functionality is available.

  2. Thank you. Great information!

    Further, do you have any information for ongoing costs (maintenance) for solar panel systems and solar battery systems?


    1. Hi Jess,

      At about year 5, 7 or 10 you’ll generally have to replace a solar system’s inverter, but besides that there are no standard maintenance actions that cost anything for a solar system owner. As far as energy storage goes, depending on the type of technology used, there will also be a 5-10 year replacement period. We don’t have much info about the exact costs at this point, however.

  3. Hi,

    I was wondering whether these prices include installation costs (including labor costs associated with installation)?



    1. Hi Jess,

      Yes, the prices include labor costs, and GST as well. They are the final out-of-pocket solar system installation costs.

  4. Hi
    I just want to know how does the government’s rebet for solar panel?
    I heart the government is rebeting up to $4000 per household for inversting into solar. Therefore, I spend about $5000 for my solar system. Will I just have to pay $1000 for that system?

    Thanks you

    1. Hi Sheng,

      The amount of the rebate available through the federal government’s Renewable Energy Target depends on the size of the system that you purchase. You can read more about how it works here.

      Roughly speaking, for every watt (W) of solar capacity that you install, this subsidy will reduce the overall system price by 60¢-70¢/W. So, for example, a 3kW system in Sydney would be eligible for a rebate of about (3000W x 70¢ =) ~$2,100.

      You can learn more about system prices by reading our historic solar PV price index articles or by requesting a Solar Quote Comparison by filling out the form to the right of this page.

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