How Much Does An Average Solar Panel Cost In Australia

How Much Does An Average Solar Panel Cost In Australia

Average Solar Panel Prices in Australia: A Complete Guide:

To understand the current cost of solar power installation in Australia, it is important to know that the advertised price of a solar system usually includes installation. You may also get extra savings through solar panel rebates. For example, if a company quotes $6000 for a 6.6kWh system, that price covers both the system and installation. Be cautious of companies that charge extra for installation.

Make sure you hire a certified installer, as rebates only apply if the installation is done by someone certified. Costs may vary depending on where you live because each state offers different rebate amounts. Also, the number of panels needed for a specific energy output can vary by location. In areas where individual panels produce less power, you may need more panels to meet your energy needs.

Solar energy has increasingly been a popular choice for homes and business owners looking forward to reducing their carbon footprint and saving on electricity bills. Getting an understanding of the average solar system size and cost is crucial when considering the transition to solar power.

Once it is considered a luxury, solar panels are becoming increasingly affordable and accessible to homeowners and businesses. First of all, before deciding to invest in solar energy, it is necessary to understand the factors that influence the cost of solar panel installation.

The popularity solar panels have gained in Australia quickly gaining pace, resulting in greater affordability than ever. There is no need to go back and find a period when exorbitant costs meant solar panels were high-tech gadgets with very high prices.

READ ALSO: How Much Does One Solar Panel Cost In Australia

How Long Do Solar Power Systems Last

Solar power systems in Australia typically have a 25 to 30-year lifespan. This means that they will still produce electricity after this time, although their output may have slightly decreased. A solar power system’s lifespan can be affected by several factors, which include the quality of the solar panels, the installation, the climate, and the amount of maintenance performed.

Solar panels installed correctly with high-quality materials will last longer than those not. Solar panels in a harsh climate, such as one with high temperatures or dust, may also degrade more quickly. To help extend its lifespan, regular maintenance, such as cleaning the solar panels is needed.

Important Factors That Influence Solar Panel Costs In Australia

These are the factors that influence the quote of solar Panel in Australia:

Wholesale equipment costs:

• The wholesale cost of solar equipment has decreased significantly over the past 15 years as manufacturers have reached very big economies of scale following the global growth of the industry.
• Production of solar panels and inverters has shifted mostly to China and other Asian countries and is produced in Gigawatt scale, highly automated manufacturing facilities.
• The introduction of robotics and AI has also had a material effect on the efficiency and quality of the output of these facilities.

The Australian Dollar:

• Almost all of the components for a solar system come from overseas. As the price of the Australian Dollar changes relatively, solar equipment manufacturers and distributors rapidly change their prices to reflect this.
• 
Most quotes for installing solar are only valid for 7 to 30 days so that solar installers are not forced to wear any underlying changes in cost. In general, an increase in the AUD/USD rate will lower the cost of a solar quote, and vice versa.

The Solar Rebates:

• The federal solar rebate STC program winds back each year until it is phased out completely in 2030. This provides upward pressure on solar pricing but has been overshadowed in the early solar years with the cost of solar decreasing.

Competition and cheap solar panels:

• The solar industry is one of Australia’s most competitive markets with over 6,000 contractors accredited by the Clean Energy Council to install solar. As a result, the margins have been forced to be very slim in the market.

How Much Does An Average Solar Panel Cost In Australia

The below details show the average solar panel cost by city & size of solar panels installed (DC):

Adelaide, SA:

• 3kW: $3,600
• 4kW: $4,130
• 5kW: $4,760
• 6kW: $5,390
• 7kW: $6,340
• 10kW: $9,370

Brisbane, QLD:

• 3kW: $3,940
• 4kW: $4,500
• 5kW: $5,060
• 6kW: $5,630
• 7kW: $6,390
• 10kW: $9,390

Canberra, ACT:

• 3kW: $4,700
• 4kW: $4,910
• 5kW: $5,180
• 6kW: $5,850
• 7kW: $6,860
• 10kW: $8,920

Darwin, NT:

• 3kW: $5,300
• 4kW: $7,210
• 5kW: $8,240
• 6kW: $9,920
• 7kW: $11,270
• 10kW: $14,060

Hobart, TAS:

• 3kW: $5,020
• 4kW: $5,690
• 5kW: $6,540
• 6kW: $7,440
• 7kW: $8,430
• 10kW: $12,390

Melbourne, VIC:

• 3kW: $4,450
• 4kW: $4,610
• 5kW: $5,180
• 6kW: $5,570
• 7kW: $6,570
• 10kW: $8,680

Sydney, NSW:

• 3kW: $3,970
• 4kW: $4,340
• 5kW: $4,760
• 6kW: $4,940
• 7kW: $6,040
• 10kW: $8,180

Perth, WA:

• 3kW: $3,260
• 4kW: $3,780
• 5kW: $4,250
• 6kW: $5,320
• 7kW: $5,880
• 10kW: $9,440

National Average

• 3kW: $4,280
• 4kW: $4,900
• 5kW: $5,500
• 6kW: $6,260
• 7kW: $7,220
• 10kW: $10,050

Average Solar Panel Price in Australia

Per Watt:

• To calculate the cost per watt, you need to consider the system size and state-specific rebates. For a 5kWh system, the average price per watt is approximately AUD 1.04. If you opt for a larger system, like 10kWh, the price drops to around AUD 0.92 per watt.

Per kWh:

• Australia’s solar panel costs are among the lowest globally, largely due to government rebates and the growing solar industry. For a high-quality solar panel system, the cost per kWh ranges from $900 to $1000, making solar energy affordable for most households.

When investing in a solar panel system, it’s important to get quotes from multiple reputable solar providers, compare pricing and services, and consider factors such as quality, performance, warranties, and long-term savings potential. Again, consulting with a qualified solar installer or consultant can help you make an informed decision based on your specific energy needs, budget, and location. Click here for more.

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