It is labor. It's code. The amount of labor required to do an installation to code in the US is easily 50% more, if not more than that. Australia also has standardized streamlined racking that works on much higher percentage of roofs, the US has a lot more custom construction.
Australia's minimum wage is significantly higher than in the US. An adult working as a burger flipper at McDonalds can expect a minimum of $27.81 / hour.