Looking for the 1 Kilowatt Solar Panel Price? Should you install a 1 kilowatt (kW) solar system for your home? These days, 1kW solar system installations are relatively rare, as larger systems frequently offer better value for money at only a modestly higher price. The smallest size of system that Solar Choice keeps track of in our monthly Solar PV Price Index articles is 1.5kW.
A more common application for a 1kW solar system these days might be as an addition to an existing solar installation. This article provides an overview of what 1kW of solar capacity may offer a home in terms of energy production and electricity bill savings.
1 Kilowatt Solar Panel Price
Solar photovoltaic (PV) system prices have dropped dramatically in the past few years, while grid electricity prices have continued to rise. As of 2016, solar power is a viable option for virtually any home or business with unshaded roof space and some daytime electricity consumption.
In Australia at the moment, the cost of installing a solar system is around $1.68 per watt (1 watt = 1000kW). As systems get larger, however, the price per watt tends to get lower – with 3kW and 5kW solar systems generally offering better value for money. Indeed, this is the size range that more and more customers are opting for, with 1kW and 1.5kW systems becoming increasingly less popular as stand-alone systems as time goes on.
Solar Choice publishes a Solar PV Price Index on a monthly basis. The index includes prices for 1.5kW, 2kW, 3kW, and 5kW and 10kW solar systems for 6 of Australia’s capital cities. Although the Index does not include 1kW solar system prices, 1.5kW system pricing gives an indication of what a 1kW system might cost to install. At the time of writing (early December 2016), the average price per watt of a 1.5kW solar system is about $2.16, meaning that a 1kW system would cost around $2,160 to install.
Of course this is only the average price, and there is considerable variety in the market, depending on the location, installer, and components used in the installation. The cost may be further reduced if you’re only considering the 1kW of solar to be retrofitted onto an existing system – e.g. during a routine inverter replacement.
Solar Choice can help you find the solution that is best for your home. Request a free Solar and Battery Storage Quote Comparison by filling out the form on the right of this page.
1kW solar PV system power outputs
Actual solar system power generation depends on a number of factors, including the following:
- Location and climate of the install
- Solar array tilt angle and orientation
- Presence or absence of shade
- Actual temperature of the panels
- Inverter capacity vs panel capacity
- Actual performance of the components–mainly the panels and inverter
Although this varies with latitude and climate, a solar system installed in Australia can be expected to produce about 4 kilowatt-hours (kWh) of energy per day, averaged throughout the year.
A 1kW solar system in Sydney, for example, would produce about (3kWh x 1kW =) 3kWh of power on a day in the middle of winter. In summer, power generation from the same 1kW solar system would be around (5 x 1kW =) 5kWh. (Figures are approximate only – check out PVWatts for more accurate figures.)
Is a 1kW solar system right for my home?
There are a range of factors come into play when determining which size solar system is right for your home. As a rule of thumb, a 1kW-1.5kW solar system would be most appropriate for a household with minimal daytime energy needs, or for a home looking to expand existing solar capacity.
To help you work out the answers for yourself, we’ve developed a range of calculator tools, outlined below:
- Want to investigate solar system payback & ROI? Check out our Solar PV System Payback & ROI Estimator.
- Not sure what solar system size is right for you? Check out our Solar System Sizing Estimator Tool.
- Want to investigate sizing for solar and batteries? Check out our Solar & Battery Storage System Sizing Estimator.
- Check out a comprehensive list of approaches to increasing solar self-consumption.