A new study by Compare the Market Australia has revealed that Australia is leading the charge in accessible solar installation.

• New study by Compare the Market AU placed South Australia as the cheapest state for solar installation
• As a whole, Australia’s most expensive states are around three times cheaper than Canada and USA’s cheapest
• USA average solar installation rate AU$4.00/W, Australian average AU$0.89/W

The study found that Australian states are over AU$2.00 per watt cheaper than the cheapest states and territories in both Canada and the US.

South Australia came in as the cheapest state across every country studied, being priced at a rate of $0.80/W. The rest of the Australian states followed closely, with the most expensive state of the nation being priced at a rate of $1.08/W – signalling a range of only $0.28/W across the country.

Moving across the globe, Canada’s national average rate came in $3.65/W. The country itself returned with the highest range of prices of any of the countries studied, with the cheapest province, Ontario, being priced at a rate of $3.04/W while its most expensive area was priced at $4.82/W.

The USA landed similarly within the study, with a national average installation rate of $4.00/W. While individual rates varied quite heavily across states, the New England region of the US came in as the most expensive, with four of the six New England states being ranked in the top four. Of these states, Maine and Massachusetts came in tied as the most expensive, at a rate of $4.41/W.

Solar Installation Costs – Australia

Compare the Market’s Head of Energy, Meredith O’Brien, notes that while installing solar power capabilities requires an upfront cost, the long-term savings can be worth it.

“Solar energy is simply cheaper to produce than relying on the volatile price of coal and gas, plus rising network infrastructure costs such as poles and wires.” Ms. O’Brien said.

“One of the biggest deterrents to solar power is the upfront costs required for installation, but depending on the size of the unit you choose, the savings can outweigh the cost quickly.

“When signing up for energy plans with solar compatibility, it’s important to be mindful of what your typical daily energy household needs are, as well as the electricity supply and usage charges payable when the sun isn’t shining. Additionally, keep an eye out for the feed-in tariffs from each retailer to further increase the bang for your solar buck.

“Using energy comparison services can be helpful to more easily understand which retailers are right for you and your energy needs.”

For full results, please visit: https://www.comparethemarket.com.au/energy/features/solar-installation-costs/

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For interviews and more information, please contact:

Lachlan Moore | [email protected]   

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