Whereas costs for photo voltaic techniques elevated a bit in WA final month, the state nonetheless had the most affordable techniques in Australia on a median value per watt foundation. Discover out what occurred the place in SolarQuotes’ newest photo voltaic worth report.
Primarily based on pricing data included in 396 installer opinions submitted to SolarQuotes as at January 26 protecting gross sales contracts inked in December 2022, right here’s how issues are panning out up to now when it comes to cost-per watt for absolutely put in techniques final month (all sizes), and after any subsidies.
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As you possibly can see from the above, Australians have been nonetheless paying considerably extra for techniques on a per-watt foundation than they have been a 12 months in the past. A part of this is able to be attributable to a discount within the (nonetheless beneficiant) nationwide “photo voltaic rebate“; which is being progressively phased out and reduces annually on January 1. Whereas gross sales contracts could have been signed in December, installations have been extra prone to happen this month and the rebate stage relies on set up slightly than buy date.
Value Per Watt – Nationwide Averages
The next graph reveals pricing historical past on a cost-per-watt foundation throughout all system sizes nationally since January 2021. Methods could also be pricier than they as soon as have been, however putting in photo voltaic panels remains to be a no brainer for many households with an appropriate rooftop desirous to slash their electrical energy payments. And a pleasant bonus after all is the related emissions discount.
6.6kW And 10kW System Costs – December 2022
After three months of drops after which a leap in November, common pricing for absolutely put in 6.6kW photo voltaic lowered barely from round $6,600 to $6,523 in December.
10kW solar energy techniques are gaining reputation as Australians search to benefit from their rooftop actual property. December’s common value nationally at this level for a fully-installed 10kW system is $11,649, up from $11,249 in November.
Be aware that each one figures talked about on this report could change as new opinions containing pricing particulars are available in. One of the simplest ways to maintain tabs on actions is to make use of the SolarQuotes Australian Photo voltaic Worth Index – it’s what this report relies on and is up to date day by day. Additionally keep in mind the techniques concerned are throughout the total vary of high quality and set up situations. For ball-park ranges on pricing for good high quality techniques, see our photo voltaic panel prices web page.
What’s In Retailer For Australian House Photo voltaic In 2023?
2022 was a little bit of an odd 12 months for residence solar energy curiosity and installations. Within the second half of the 12 months, Australians definitely weren’t postpone having to pay a bit extra so as to keep away from the influence of some fairly nasty electrical energy worth rises.
(Polysilicon) crystal-ball gazing isn’t my forte, so I received’t try to predict what’s going to occur with photo voltaic costs in Australia this 12 months. However one thing you possibly can just about take to the financial institution (fairly actually) is a house solar energy system will save your family cash on electrical energy payments. And the longer your private home’s rooftop is with out one, the longer you’ll be paying your vitality retailer far more than you in any other case would.
To get an concept of how a lot you possibly can be saving by putting in panels and estimated payback occasions, attempt the extremely popular and easy-to-use SolarQuotes photo voltaic (and battery) calculator.