Solar PV price check - June

Prices for residential solar systems fell across the month, with the average-sized 2kW and 3kW systems experiencing the biggest dip.

On the whole, system prices fell slightly between May and June. The smaller 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.

Graph for Solar PV price check - June

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

Graph for Solar PV price check - June

About 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 and 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)

Graph for Solar PV price check - June

Graph for Solar PV price check - June

Graph for Solar PV price check - June

Graph for Solar PV price check - June

Graph for Solar PV price check - June

Graph for Solar PV price check - June

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 November last year, then also including 10kW from December last year).

Graph for Solar PV price check - June

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 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.

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