A new market insights report from solar industry analysts Sunwiz has highlighted just how much the cost of installing solar has fallen in Australia over the past four years, hitting a new low this month averaging at $1.67/W.
The series of charts, based on data from Solar Choice and compiled by Sunwiz’s Warwick Johnston, show that residential PV system prices fell considerably, and were lowest in Brisbane and Perth, where a 5kW system installed in December 2015 cost $5,998 and $5,600, respectively.
The report also notes that Australia imports a huge 81 per cent of its solar panels from China, while 6 per cent came from Singapore, 4 per cent from Korea, 3 per cent from Taiwan and 2 per cent from Germany – a higher than usual percentage.
