What is the price difference of solar PV vs solar hot water?

What is the price difference of solar PV vs solar hot water?


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  1. Solar hot water systems range in price from about $3000 to $7000 fully installed. Systems with a roof-mounted tank tend to be a bit less expensive than split systems, and electric-boosted systems tend to be less expensive to buy than gas-boosted systems.
  2. In comparison for a 5kW solar PV system (a commonly installed size in Australia), you can expect to pay:
- Between $5500 to $8000 for good quality solar panels with a string inverter 
- Between $8000 to $9500 for good quality solar panels with microinverters

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