Commercial Solar PV Price Index: May 2016

Average commercial solar system prices continued to hug $1.32-$1.33 for the 5th month running (since the beginning of the year), according to data from Solar Choice’s installer network. Larger systems (50kW, 100kW) saw a slight price increase of about 2-3c per watt, while smaller systems (10kW, 30kW) saw a similarly minor decrease.

Commercial solar system prices (10kW-100kW)

All prices in the tables below include incentives available through the federal Renewable Energy Target as well as GST.

Table 1: Commercial solar PV system prices for May 2016 (average)

Table 2: $/W commercial solar PV system prices for May 2016 (average)

Historic pricing for popular commercial solar system sizes

Commercial system prices – All system sizes

A note about the ‘Solar Choice discount’

From May 2014 until October 2015, calculations for our monthly Commercial Solar Price Index articles excluded the discount available through Solar Choice network installers exclusively to Solar Choice customers. From November 2015, however, we have excluded this figure, which works out to approximately 14c/W in most instances. The chart below retroactively applies this amount to every month since the Commercial Price Index’s inception to give a rough idea of how prices have fluctuated historically, but should be seen as an approximation as opposed to a completely accurate representation. (We’ll look into properly applying the actual, listed discounts to the dataset at some point in the near future.)

About this data

Tables and charts included in this article were compiled using data from Solar Choice’s installer network database, which contains regularly-updated pricing and product details from over 100 solar installation companies across Australia. Although all pricing calculations do account for federal incentives and GST, they do not incorporate meter installation fees or additional costs, such as ground-mounting or grid connection studies. ‘Premium’ installer offerings are not included in the calculations.

© 2016 Solar Choice Pty Ltd

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Jeff Sykes

CEO at Solar Choice

Jeff has consulted on over 20MW of commercial solar projects, ranging from SMEs to ASX top 100 companies. Jeff has also provided independent advice to 100s of residential solar, battery and EV charging customers across every state in Australia. He holds an MBA from the Australian Graduate School of Management and is an expert in business strategy and financial analysis.

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