How Much Does An Average Solar Panel Cost In Australia?

How Much Does An Average Solar Panel Cost In Australia?

If you’re contemplating the installation of solar panels, it’s crucial to understand the cost involved and the factors influencing their costs in Australia. The adoption of solar panels in Australia is rapidly increasing, resulting in a more accessible and affordable option than ever before.

Australia boasts one of the highest rates of solar panel utilization globally, with approximately 30% of Australian households incorporating some form of rooftop solar installation. The country is home to over 3 million solar systems. Presently, the average cost of solar panels in Australia is approximately $0.93 per watt.

For a basic solar panel installation, the cost can start as low as $3500, but additional features or the desire for a more robust system may lead to an increase in the overall expenditure. For a 10kW system, inclusive of solar panels, system integration, and a control panel, the cost typically ranges between $17,500 and $20,500 in most parts of Australia.

READ: Solar Panel Cost With Installation

Cost Of An Average Solar Panel In Australia

Due to government subsidies, Australia enjoys reduced solar panel expenses, making solar power systems more economically viable compared to many global regions. The upfront cost of acquiring and installing solar panels is a key factor to consider, with variations influenced by factors like system size, panel quality, and installation fees.

Typically, a 6kW Solar PV System of common size is priced between $4,000 and $6,000 in most Australian states, while a 10kW system would generally fall within the range of $7,500 to $10,500.0.

Prices for an average solar panel;

The prices provided include the upfront incentive for small-scale systems through the Renewable Energy Target (i.e., ‘STC discount’) and GST, reflecting the total retail price of the system to the customer in various Australian cities.

In Adelaide, SA, a 3kW system costs $3,600, a 4kW system costs $4,130, a 5kW system costs $4,760, a 6kW system costs $5,390, a 7kW system costs $6,340, and a 10kW system costs $9,370.
In Brisbane, QLD, the corresponding figures are $3,940, $4,500, $5,060, $5,630, $6,390, and $9,390.
In Canberra, ACT, the costs are $4,700, $4,910, $5,180, $5,850, $6,860, and $8,920.
For Darwin, NT, a 3kW system costs $5,300, a 4kW system costs $7,210, a 5kW system costs $8,240, a 6kW system costs $9,920, a 7kW system costs $11,270, and a 10kW system costs $14,060.
In Hobart, TAS, the prices are $5,020, $5,690, $6,540, $7,440, $8,430, and $12,390.
For Melbourne, VIC, the costs are $4,450, $4,610, $5,180, $5,570, $6,570, and $8,680.
In Sydney, NSW, a 3kW system costs $3,970, a 4kW system costs $4,340, a 5kW system costs $4,760, a 6kW system costs $4,940, a 7kW system costs $6,040, and a 10kW system costs $8,180.
Finally, in Perth, WA, the prices are $3,260, $3,780, $4,250, $5,320, $5,880, and $9,440.
The overall averages across all cities are $4,280 for a 3kW system, $4,900 for a 4kW system, $5,500 for a 5kW system, $6,260 for a 6kW system, $7,220 for a 7kW system, and $10,050 for a 10kW system.

READ: Cost Of Solar Panels In Australia

To know how much solar panels cost in Australia, you need to think about different things like how much you pay upfront, any help from the government, how much money you’ll save over time, and how good the panels are. Even though you might have to spend a lot at first, in the long run, solar panels can be great for the environment and save you money, making them a good choice for homes and businesses. Hope the provided information is helpful, share your thoughts below in the comment section.

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Bernice Asante