30/03/2023
ππ‘ Australian Solar Prices: March 2023 Update π
π§ NEWSLETTER
πAustralian Solar Price Report - March 2023 π
While the cost of installing a home solar power system remained well above $1 a watt in February on average in Australia, the value in having solar panels installed is only getting better. π°π‘
The price per watt of fully-installed solar power systems (after all subsidies) increased in February compared to January in Queensland, Victoria, South Australia and Western Australia; but dropped in New South Wales and the ACT. Even with the increase in WA, it remained the cheapest state in February. ππ
Check out the table below for the latest figures. Itβs based on pricing information provided in more than 300 solar installer reviews submitted to SolarQuotes as at March 24; covering solar sales contracts signed last month. Note that as new reviews come in, the figures below will likely change. ππ
π State π‘ Cost per watt (Feb 2022) π‘ Cost per watt (Jan 2022) π‘ Cost per watt (Feb 2023)
QLD $1.02 $1.07 $1.12
NSW $1.14 $1.18 $1.15
ACT $1.37 $1.43 $1.34
VIC $1.06 $1.00 $1.08
TAS $1.21 $1.33 NA
SA $1.02 $1.17 $1.08
WA $0.88 $1.00 $1.05
NT NA NA NA
AU $1.04 $1.09 $1.11
π Average Cost Per Watt Since March 2021 π
The following graph indicates Australians were paying around 92c a watt installed on average in March 2021 compared to $1.11 in February this year. But given the situation with mains electricity supply since (and more power price rises to come), solar panels remain a slam-dunk decision for households with a suitable rooftop. ππ‘
π Graph: solar cost per watt in Australia 2021 - 2023 π
6.6kW And 10kW System Prices β February 2023
Average pricing for fully installed 6.6kW solar was fairly stable in February ($6,464) compared to January ($6,399) at this point.
π Graph: 6.6kW system cost: Australia 2021 - 2023 π
10kW solar power systems were also pretty stable β $11,765 in February compared to $11,747 in January.
Note these averages will also change as new reviews with pricing information for February come in. βοΈπ
Another Rush On Solar Systems
If you havenβt installed solar panels yet, looking at the graphs might make you curse not going solar in the βgood old daysβ of 2021. But with electricity prices skyrocketing since and more