The future of solar in Australia is bright just like the sun. In 2022, commercial rooftop solar installation reached 1.47 GW and surpassed residential installations for the first time ever and reached 1.35 GW. The solar installation market is constantly expanding and helping Australia’s vision to go green.
Reasons Why Solar Will Keep Growing in Australia
There are many reasons that make Australia a leading adopter of solar energy. Here are some reasons it will remain the same for the future:
Costs Are Reduced For Solar Installation
Solar power in Australia has become much more affordable in recent years. There are many names emerging offering affordable solar solutions. The cost of solar photovoltaic (PV) systems is also significantly lower than in other countries.
In the solar industry, there are many reasons for the cost decrease. It is because of the advancements in technology, increased production, and fierce competition in the solar industry. Because of this, more people can now afford to install solar systems for their commercial and residential solar needs.
Australia Government Support
The Australian government is actively and regularly promoting solar energy adoption. It is offering various financial incentives and programs to encourage people to embrace solar power. With nationwide schemes for promoting solar, it is offering incentives as well.
These incentives can include rebates and tax credits. With this, the government also has the option of a feed-in tariff, which pays you if you save electricity that is generated more than used. The government’s support makes solar more financially affordable and makes Australia committed to reducing greenhouse gas emissions.
Abundant Solar Resources
Australia has great sun availability. It is an ideal location in the world for utilizing solar energy for commercial energy and residential energy needs. Our country experiences high levels of sunshine throughout the year because of the climate conditions.
This excessive sunlight allows solar panels to generate electricity efficiently and in huge quantities. With some of the best solar resources globally, Australia has the potential to expand its solar power capacity for a better future.
Australia’s Remarkable Growth in Rooftop Solar Capacity
Australia is on the roll and working on the trend of doubling rooftop solar capacity every three years. It has installed nearly 20 GW on residential, commercial, and industrial rooftops in the last year (2022). This is a great hike from 10.4 GW at the end of 2019 and 5.3 GW at the end of 2016.
This growth in solar adoptions in the country is because of many factors. Some of the factors are falling costs, government support, and solar resources. Solar PV is now the fastest-growing in Australia and is expected to continue to grow rapidly in the coming years. This will create jobs and make Australia reduce energy costs while helping it become carbon-free.
Solar Energy Trends in Australia 2024
If you are thinking installing a panel with solar companies near me is a good option or not, here is the article to help you understand the dynamics for the future. Here are the top trends in the solar world that you know. These trends will keep the dominance of Australia in solar energy.
Continued Growth of Rooftop Solar
Rooftop solar PV systems will stay relevant and keep their dominance in the Australian solar market in upcoming years. This trend is in the talks as solar panel installation is becoming affordable. It is because the government is offering rebates and solar installation is helping in reducing electricity bills.
Growth of Large-Scale Solar
In Australia, solar energy is not only reliant on households. Many businesses are also dependent on solar for their business needs. It reduces their operational costs and helps them be more economical. Large solar projects can be helpful in generating huge amounts of electricity. It will help in improving Australia’s renewable energy capacity.
Development of New Solar Technologies
The world of solar industry is actively exploring new technologies, such as perovskite solar cells. These new developments and innovations can reduce solar panel installation costs. Perovskite cells offer improved efficiency and manufacturing flexibility.
Integration of Solar with Other Energy Technologies
Solar energy is becoming increasingly connected with other technologies. It is mainly being used with storage systems (batteries) and electric vehicles (EVs). This synergy of solar and other technologies creates a more sustainable energy ecosystem.
Leverage Solar Energy With ESA Solar Experts
As Australia is focused on achieving zero carbon emissions by 2050, solar will play a pivotal role in making this come true. If you want to get solar installation in any part of Australia, we are here to help. We have worked on countless solar projects and ensured customer satisfaction each time. By deploying quality panels and market-ready approaches, our experts help you achieve the long-term value of solar panels.
Established as the best solar panel company in perth, we also help you get government rebates so you can get solar installation in the minimum budget possible. If you want any assistance with solar panels or want to know more, contact us right away!