Residential solar PV price index – November 2015

Average solar system prices have sunk for the fourth month in a row, reaching a new all-time low since Solar Choice began publishing system prices in August 2012. For the first time, overall average system prices dipped down to $1.70/W, with 1.5kW2kW, 3kW, 4kW and 5kW systems hitting record lows.

(The data in this article has been updated since originally published.)

Average solar PV system prices for November 2015

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 November 2015 updated 2Solar system prices for November: $/W averages, highs & lows

Solar Choice system prices per watt November 2015 updated 2

About STCs

STCs accounted for a price reduction of approximately 79c/W for Zone 3 cities (Sydney, Canberra, Perth, Adelaide, and Brisbane), and around 67c/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, Canadian, CSun, Hanwha Q-Cells, JA Solar, Jinko, Simax, Sunrise Solartech ABB/Power-One, ZeverSolar, Fronius, Growatt, SMA, Sungrow, Surpass,
Brisbane, QLD Australian Premium Solar, Canadian, CSun, LG, Luxen, Hanwha Q-Cells, ReneSola, Risen, Topsola SMA, Sungrow, ZeverSolar, Fronius, Growatt, JFY, ABB/Power-One, REA, Schneider
Canberra, ACT CSun, Hanwha Q-Cells, JA Solar, Jinko, Opal, Trina ABB/Power-One, Delta, ZeverSolar, Fronius, JFY, Sungrow
Melbourne, VIC BLD, Canadian Solar, CSun, Hanwha Q-Cells, JA Solar, Jinko, SolarWorld Delta, ZeverSolar, Fronius, JFY, ABB/Power-One, SMA, Sungrow
Tasmania Canadian, Hanwha Q-Cells, JA Solar, ReneSola, Yingli ABB/Power-One, Fronius, Sungrow, ZeverSolar
Sydney, NSW Canadian, CSun, Hanwha Q-Cells, JA Solar, Jinko, Kyocera, LG, Opal, Yingli ABB/Power-One, Fronius, Growatt, Samil, SMA, Sungrow, UNO, ZeverSolar
Perth, WA ET, TN, GY Delta, GoodWe, JFY, SMA, Sungrow

Historic solar PV system prices (since August 2012)

1-5 solar system prices Nov 2015 updated 2kW solar system prices Nov 2015 updated 3kW solar system prices Nov 2015 updated 4kW solar system prices Nov 2015 updated 5kW solar system prices Nov 2015 updated 10kW solar system prices Nov 2015 updated

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).

All system prices average Nov 2015 updated

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. 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


    1. Hi Steven,

      We’ve just updated our data to exclude items where we have fewer than 2 points of data. Hopefully the pricing makes a bit more sense now.

Comments are closed.