Solar PV price check – May

Indexed dollar per Watt solar system prices have been rising in recent months, mainly due to price increases among 1.5kW and 2kW solar systems.

Prices for solar photovoltaic systems of 1.5kW and 2kW continued to rise from April to May while 3kW-5kW remained steady and 10kW system prices fell.

This month’s article includes for the first time an indexed chart tracking weighted average $/W prices of solar systems in Australia, in order to provide an at-a-glance perspective on how prices have changed over time.

May 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 – May

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

Graph for Solar PV price check – May

About STCs

STCs accounted for a price reduction of approximately 71c/W for Zone 3 cities (Sydney, Canberra, Perth, Adelaide, and Brisbane), and around 61c/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, Canadian

SolarMax, SMA, Power-One Aurora, Fronius, Growatt

Brisbane, QLD

ReneSola, Perlight, Canadian, Yingli, Trina, REC, LG, Seraphim, Top Solar, Jinko

SolarMax, JFY, Eltek, SMA, Samil, Power-One Aurora, Zever, Fronius

Canberra, ACT

ReneSola, Q-Cells, Phoenix, Jinko, Yingli

JFY, Growatt, Fronius, Power-One Aurora

Melbourne, VIC

Trina, ReneSola, BenQ/AU Optronics, SolarWorld, Yingli, Lightway, Canadian, Jinko Solar

SolarMax, Power-One Aurora, Latronics, Fronius, SMA, Samil

Tasmania

Jinko, Q-Cells

Fronius, Power-One Aurora

Sydney, NSW

ReneSola, Trina, Munchen, Phono Solar, Top Solar, Tianwei, Jinko, Hanwha, Canadian Solar

Power-One Aurora, SolarMax, Fronius, JFY, KStar, Sharp, Samil, Delta

Perth, WA

GY, Hanover, Jinko, ReneSola, Canadian Solar

JFY, Growatt, SMA, Power-One Aurora, SolarMax, Delta, Fronius

Historic solar PV system prices (since August 2012)


Graph for Solar PV price check – May


Graph for Solar PV price check – May


Graph for Solar PV price check – May


Graph for Solar PV price check – May


Graph for Solar PV price check – May

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). As can be seen, on the whole, solar system prices have been rising in recent months, mainly due to price increases among 1.5kW and 2kW solar systems. As per the charts above, prices for systems larger than 2kW have remained steady.


Graph for Solar PV price check – May

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.