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Residential Solar PV Price Index: June 2. This month saw one of the sharpest drops to average system prices since Solar Choice first began keeping track in August 2. Between May and June, the average system price dropped 2. W) to $1. 3. 4/W. This sudden decrease stands in sharp contrast to the very gradual changes that we’ve seen over the past couple of years.

About the Solar PV Price Index. Here it’s worth reminding readers that our Price Index represents a sample of solar retailers in the broader market – the ones that work with Solar Choice. House With The Clock In Its Walls The Rocket on this page. As such, fluctuations in pricing are a reflection of changes to our network composition as well as changes to pricing from installers who are active in the network. The Price Index is therefore less of a real- time spot market ticker and more of a bellwether of overall pricing trends. It’s also important to note that the prices are all indicative prices on offer by installers, and do not represent the average price of systems sold.

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With these points in mind, there are two main reasons for the dramatic drop this month. The first is that one long- term member of the Solar Choice network active across multiple states on the east coast has left the network. Their offerings were generally on the . The second reason is a significant price reduction (concomitant with a new product offering) from another installer also active in multiple states. Unusually, both of these things happened in the same month, against a background of slowly falling average system prices over the past year or so – thus resulting in the stark difference between this and last month. How this decrease fits into the long- term trend. For some time now we have observed prices on the low end of the spectrum sink lower and lower across a range of installers and cities.

Where $1/W was once an outlier in terms of system pricing and therefore worthy of a high degree of skepticism, in 2. Solar Choice network. At the same time, we’re seeing prices on the . Although few would have thought pricing like this to possible – or common – only a few years ago, it has come to be the reality. Average prices would be even lower if we were to remove 1.

W systems (usually the most expensive system size in $/W terms) from our monthly analysis; this is something we have considered doing but decided against mainly for reasons of consistency. Installations of this size were popular when solar installations were 3- 4x the cost of today’s prices, but are fairly uncommon these days, as larger systems offer more value for money and virtually any unshaded roof is likely large enough to accommodate at least a 2k. W system (also increasingly uncommon). The most popular system size these days by far is 5k. W. Without further ado, below is our usual monthly breakdown of residential solar system prices by capital city & system size. Average solar PV system prices for June 2. Prices in the table below include both the up- front incentive available for small- scale systems through the Renewable Energy Target (STCs) and GST – they represent the total out- of- pocket cost of the system to the customer.

We’ve left fields blank where there were only a small number of price points available in our database (usually fewer than 3). Prices for each system size are colour- coded. Note that for Darwin there is no 5k. W pricing; this is because Darwin installers prefer to list pricing for 4. W systems instead, as there are additional hurdles for connecting solar systems above that size to the grid. We have recently revised our table to more accurately reflect this.)Solar system prices for June: $/W medians, highs & lows.

Prices above are colour- coded across highs, lows & medians for all cities and system sizes. Cells are grey where only a small set of data points was available.)Historic solar PV system prices (since August 2. The historic pricing in the tables below do not reflect prices for Darwin, NT.

Data points are the average of average $/W for each system size (1. W- 5k. W until Nov 2. W from Dec 2. 01. N. b. Please see note about . Prices do not ordinarily incorporate meter installation fees or additional costs for difficult installations.

Pricing data from Darwin is not included any of the charts showing historic trends.