As Australians race to purchase rooftop photo voltaic panels in November 2022, how a lot are they paying on common for the methods? Discover out the newest photo voltaic value experiences at SolarQuotes.
Photo voltaic system pricing exercise was as soon as once more a blended bag in November. Based mostly on value info supplied by 469 photo voltaic installer evaluations as of yesterday protecting gross sales contracts signed final month, just one state has are available in underneath a greenback a watt already. -installment together with any rebates and subsidies – WA. Here is how issues are wanting throughout the nation at this level for November; in comparison with October 2022 and November final 12 months.
| state | Value per watt (November 2021) | Value per watt (October 2022) | Value per watt (November 2022) |
| QLD | $0.95 | $1.10 | $1.04 |
| NSW | $1.05 | $1.13 | $1.18 |
| Acts | $1.23 | $1.46 | $1.30 |
| VIC | $0.99 | $0.96 | $1.13 |
| that | that | that | $1.24 |
| on | $0.96 | $1.08 | $1.03 |
| NO | $0.82 | $0.97 | $0.97 |
| NT | that | that | that |
| AU | $0.97 | $1.08 | $1.09 |
The outcomes for Victoria are fascinating – an enormous soar there from $0.96 a watt in October to $1.13 in November. Notice that new evaluations with pricing info will proceed to return in, so the above numbers are topic to alter.
Value Per Watt – Nationwide Common
The next graph exhibits pricing historical past on a cost-per-watt foundation for all system sizes throughout the nation since December 2020. Australians are nonetheless paying extra for methods on a per-watt foundation in comparison with earlier than. However regardless, the price versus worth makes rooftop photo voltaic a transparent winner for Australian households seeking to decrease their present electrical energy payments and buffer towards additional will increase. within the value of electrical energy.
6.6kW And 10kW System Costs – November 2022
After a three-month drop, the typical value for totally put in 6.6kW photo voltaic rose from $6,240 in October to $6,538 in November — the best common to this point in 2022. -also, this common contains all sorts of high quality, set up situations and after subsidies.
For a 10kW photo voltaic system, the typical November value within the nation is $11,046 at this level; can be the costliest this 12 months.
For extra in-depth particulars together with statistics on different system sizes, see SolarQuotes’ Australian Photo voltaic Value Index – that is what this report is predicated on. Keep in mind the averages that make up methods run the gamut of high quality; from very sturdy to reasonable; to good, stable methods and people boasting top-shelf elements put in by the best professionals.
Rebates Lower, However Photo voltaic Energy’s Worth Stays
Whereas the Photo voltaic Value Index does not have a sign of common December costs till early subsequent month, one factor that might have an effect is the looming discount in photo voltaic rebates on January 1.
The nationwide photo voltaic panel “rebate” that might have knocked 1000’s off the upfront value of going photo voltaic has been eradicated; regularly decreases when the calendar strikes to January annually. The rebate degree1 the characteristic is predicated on the date of set up somewhat than the date of buy. This implies many quotes in December – and maybe a number of in November given demand – will probably be factored in.
However regardless of the decreased rebate, residence solar energy will stay standard amongst Australian households in search of decrease electrical energy payments in 2023 following current power value will increase; and in entrance of greater than the horizon.
Whereas the Albanese Authorities is working to melt the price of electrical energy, the Power Value Aid Plan is just not anticipated to decrease electrical energy costs from the place they’re now. The objective of the Plan is to cut back the quantity they may improve over the subsequent 12 months or so.
One factor we are able to (hopefully) anticipate in 2023 is a discount in the price of {hardware} together with photo voltaic panels, and will slim the hole when it comes to decreased rebates – however do not maintain your breath. If the price of buying a system stays out of attain for you and also you dread the electrical energy payments arising, there are some photo voltaic finance choices that may be useful.
Learn how a lot you might save in your electrical energy payments with rooftop photo voltaic panels with SQ’s photo voltaic (and battery) calculator.
Footnotes
- To not be confused with feed-in tariffs, that are a cost for extra photo voltaic power exported to the grid as soon as a system is put in. ↩
