Home >> Solar >> Solar Panel Prices

Solar Panel Prices

Back

Solar panel prices can vary significantly based on a number of factors including the city you live in, the brand, the efficiency of the system and your installer’s margins. Therefore it’s important to get an idea of what a reasonable price range looks like before you get a solar panel quote.

That’s why we’ve put together a guide on average solar prices for different system sizes in each of our capital cities over the 6 months to June 2018, using data provided by Solar Choice. We also ran these prices through our Solar Panel Savings Calculator to give you a guide on which sizes make sense economically.^

Pick your city

  • Sydney
  • Melbourne
  • Brisbane
  • Perth
  • Adelaide
  • Canberra
  • Hobart
  • Darwin
  • Sydney

    Solar panel prices in Sydney have been generally around 5-8% cheaper than the national average over the 6 months to June 2018. However while the national average has been steadily falling over this period, prices in Sydney have been rising to the point where the difference between Sydney prices and the national average in June was negligible. Despite that, solar remains a very attractive investment in Sydney, with short payback periods.

    System Size Average Price Payback Period Worth It?
    1.5kW $2,530 6 years 3 months Yes
    2kW $3,150 5 years 10 months Yes
    3kW $3,765 4 years 8 months Yes
    4kW $4,446 4 years 1 month Yes
    5kW $5,498 3 years 9 months Yes
    7kW $7,466 3 years 11 months Yes
    Table 1: Payback period based on a household using 50% of its solar generation, with no battery storage, paying a flat electricity price of 23.2c per kw/h (after discounts), and receiving a net feed-in-tariff of 12.5c per kw/h.

    * Solar installation quotes arranged by Total Quote, which pays us a commission for business we pass on. This commission helps us keep our site open, and to keep all our content free of charge.

    Melbourne

    Solar panels in Melbourne are around 10% higher than the national average price. That said, prices have been falling significantly since the start of the year, with drops of 10-15% making solar more attractive.

    Solar panel installations under 3kW are generally not economical in Melbourne, and returns on larger systems will be somewhat lower than elsewhere in Australia. There are three main reasons for this:

    • Cheaper power costs: Melbourne has some of the cheapest power in Australia (after retailer discounts are included), so the amount you save by using solar is less than in other cities.
    • Less sunlight: solar panels in Melbourne produce an estimated 10% less power than those in Sydney, and approximately 15-20% less than those in Brisbane and Perth.
    • Lower rebates: solar panels installed in Melbourne get smaller subsidies under the Federal Government’s “Small-Scale Technology Certificate” (“STC”) scheme than those in most other capital cities.
    System Size Average Price Payback Period Worth It?
    1.5kW $3,060 8 years 11 months No
    2kW $3,750 8 years 2 months No
    3kW $4,255 6 years 3 months Yes
    4kW $5,073 5 years 7 months Maybe
    5kW $5,866 5 years 2 months Yes
    7kW $9,356 5 years 10 months Yes
    Table 2: Payback period based on a household using 50% of its solar generation, with no battery storage, paying a flat electricity price of 20.8c per kw/h (after discounts), and receiving a net feed-in-tariff of 9.9c per kw/h

    * Solar installation quotes arranged by Total Quote, which pays us a commission for business we pass on. This commission helps us keep our site open, and to keep all our content free of charge.

    Brisbane

    Solar panel prices in Brisbane are virtually equal to the national average. Unlike Sydney and Melbourne, which have seen large rises and falls respectively in the 6 months to June 2018, Brisbane prices have generally been steady throughout the year. With large amounts of sunlight year-round, solar remains a financially attractive investment in Brisbane as Table 3 below shows.

    System Size Average Price Payback Period Worth It?
    1.5kW $2,770 7 years 4 months Maybe
    2kW $3,276 6 years 6 months Yes
    3kW $3,975 5 years 3 months Yes
    4kW $4,806 4 years 9 months Yes
    5kW $5,450 4 years 4 months Yes
    7kW $7,828 4 years 5 months Yes
    Table 3: Payback period based on a household using 50% of its solar generation, with no battery storage, paying a flat electricity price of 22.2c per kw/h (after discounts), and receiving a net feed-in-tariff of 16.1c per kw/h.

    * Solar installation quotes arranged by Total Quote, which pays us a commission for business we pass on. This commission helps us keep our site open, and to keep all our content free of charge.

    Perth

    Perth currently has Australia’s cheapest solar panel prices, with prices sitting around 20-25% less than the national average. A big reason for this is the fact that Perth has one of the highest levels of sunlight in the country, making solar a highly attractive investment. Prices spiked in June after steadily dropping in the 5 months prior. Nevertheless, solar remains a great investment in Perth.

    System Size Average Price Payback Period Worth It?
    1.5kW $2,360 5 years 6 months Yes
    2kW $2,493 4 years 5 months Yes
    3kW $3,275 3 years 10 months Yes
    4kW $3,940 3 years 6 months Yes
    5kW $4,433 3 years 2 months Yes
    7kW $6,720 3 years 4 months Yes
    Table 4: Payback period based on a household using 50% of its solar generation, with no battery storage, paying a flat electricity price of 24.9c per kw/h (after discounts), and receiving a net feed-in-tariff of 7.14c per kw/h.

    * Solar installation quotes arranged by Total Quote, which pays us a commission for business we pass on. This commission helps us keep our site open, and to keep all our content free of charge.

    Adelaide

    Alongside Perth, Adelaide is one of Australia’s most financially attractive places to install solar panels, but for very different reasons. Adelaide has Australia’s highest power prices – almost 50% higher than the national average. This makes the savings you get from solar very lucrative. Average system prices are also about 3% lower than the national average.

    Adelaide solar prices have dropped steadily throughout the year, by 10-15% in some sizes. The best value is on larger systems of 4kW to 7kW – prices on these are 3-7% lower than the national average.

    System Size Average Price Payback Period Worth It?
    1.5kW $2,762 4 years 8 months Yes
    2kW $3,316 4 years 2 months Yes
    3kW $3,935 3 years 4 months Yes
    4kW $4,653 2 years 11 months Yes
    5kW $5,250 2 years 8 months Yes
    7kW $7,548 2 years 9 months Yes
    Table 5: Payback period based on a household using 50% of its solar generation, with no battery storage, paying a flat electricity price of 37.2c per kw/h (after discounts), and receiving a net feed-in-tariff of 15c per kw/h.

    * Solar installation quotes arranged by Total Quote, which pays us a commission for business we pass on. This commission helps us keep our site open, and to keep all our content free of charge.

    Canberra

    Despite its cold winters, Canberra is an attractive place for solar. A solar system in Canberra generates more power than one in Sydney, due to the lack of cloud cover and a largely open landscape. Furthermore, Canberra’s solar panel prices sit consistently below the national average, by around 4-6% depending on the system size. In the 6 months to June 2018 prices of systems of 4kW size and above have recorded drops of around 10%.

    System Size Average Price Payback Period Worth It?
    1.5kW $2,610 6 years 9 months Yes
    2kW $3,120 6 years Yes
    3kW $3,875 5 years Yes
    4kW $4,613 4 years 6 months Yes
    5kW $5,416 4 years 2 months Yes
    7kW $7,595 4 years 3 months Yes
    Table 6: Payback period based on a household using 50% of its solar generation, with no battery storage, paying a flat electricity price of 18.8c per kw/h (after discounts), and receiving a net feed-in-tariff of 11c per kw/h.

    * Solar installation quotes arranged by Total Quote, which pays us a commission for business we pass on. This commission helps us keep our site open, and to keep all our content free of charge.

    Hobart

    Hobart’s solar panel prices are around 15-20% higher than the national average. Despite that, prices have dropped across all sizes in the 6 months to June 2018, by up to 15% in some sizes.

    Before you think of installing solar panels in Hobart, it’s important to understand that solar in Hobart is not always going to work for you financially. There are three main reasons for this:

    • Less sunlight: solar panels in Hobart produce an estimated 10% less power than those in Sydney, and approximately 15-20% less than those in Brisbane and Perth.
    • Lower rebates: solar panels installed in Hobart get smaller subsidies under the Federal Government’s “Small-Scale Technology Certificate” (“STC”) scheme than those in most other capital cities.
    • Low Feed-in-Tariffs: feed-in-tariffs in Hobart are amongst the lowest in Australia, at just 8.5c per kw/h, compared to the 11c to 15c available in most other parts of Australia. This means Hobart residents get very little income for the excess solar power that they send back to the grid.
    • System Size Average Price Payback Period Worth It?
      1.5kW $3,075 8 years 5 months No
      2kW $4,036 8 years 3 months No
      3kW $4,755 6 years 6 months Yes
      4kW $6,106 6 years 3 months Yes
      5kW $6,700 5 years 6 months Yes
      7kW $9,975 5 years 10 months Yes
      Table 7: Payback period based on a household using 50% of its solar generation, with no battery storage, paying a flat electricity price of 26.4c per kw/h, and receiving a net feed-in-tariff of 8.5c per kw/h.

      * Solar installation quotes arranged by Total Quote, which pays us a commission for business we pass on. This commission helps us keep our site open, and to keep all our content free of charge.

       
      ^Our payback calculations are based on you using 50% of your solar power during the day, and sending the remainder back to the grid. Although larger size systems look more financially attractive, that won’t be the case if you’ve oversized your panels, as you won’t end up using 50% of the power generated. Therefore it’s important to make sure you match the size of your panels to your electricity use.



© 2018 Start Sustainable Pty Ltd.