(1) <4kWp - UK Solar PV Installation Cost Analysis April'13-March'17

So, you're interested in installing solar PV, but don't know what it's likely to cost?, or possibly already have received quotations and looking for a reliable source to validate whether it's likely to be competitive?, or maybe there's an interest in how prices have moved since your own install?, or even a need to conduct research into the renewable energy sector?

Utilising data tables available from the latest spreadsheets published by BEIS (25/05/2017) it's possible to analyse Solar PV installation costs for all installations registered within the four financial years running from April 2013 through to March 2017. The above chart details installations per month and the average cost per kWp of installed capacity for registered systems below 4kWp and is based on a data subset sample size of 238556 registered systems.

The chart clearly shows the rate of system installation growth and the relative fall in costs prior to FiT scheme review changes taking effect on 15/01/2016, modifying both the scheme structure and applying major reductions to available tariffs. Following these scheme changes installation demand saw a dramatic reduction and an upward movement in average prices becomes apparent.

It must be noted that the above chart applies to installations rated below 4kWp and therefore the costs reflect a range of system sizes within a PV installation market segment which is heavily influenced by relatively poorly diluted cost elements such as inverters and scaffolding. It is therefore sensible to deduce that systems with an installed capacity close to 4kWp will cost less per kWp installed than the chart indicates.

(This is part of a set of articles - please check for 'Related Posts' in the single post view)

Data Source : BEIS (Solar PV Cost Data) - https://www.gov.uk/government/statistics/solar-pv-cost-data