It’s the one bill you have the power to reduce and for more Australians solar panels are helping to lower the cost of electricity. We’re seeing an uptick in installations across the state with households and businesses pocketing easy savings.
The rise of solar energy in Australia has been remarkable. In the last decade, more than 3 million households and businesses have installed rooftop solar PV systems, making Australia the country with the highest uptake of solar globally. As of September 2022, these installations had a combined capacity of over 14 gigawatts.
Solar energy is now a major contributor to Australia’s electricity supply, generating around 10% of the nation’s electricity in 2020-21. This figure is expected to continue to grow as more Australians take advantage of the benefits offered by solar power.
The growth in solar energy has been driven by a number of factors, including technological advancements that have made solar panels more efficient and cost-effective than ever before. Solar panel manufacturers such as SunPower Corporation and Tindo Karra are producing high-quality products designed specifically for Australian conditions. Additionally, government incentives such as rebates and feed-in tariffs have made it easier for Australians to invest in renewable energy sources like solar power.
Australia also has an opportunity to expand its involvement in the global solar industry by manufacturing its own panels and components. This could create new jobs and economic opportunities while helping to reduce emissions from traditional electricity generation sources.
Overall, the rise of solar energy in Australia is an exciting development that could bring many benefits to both households and businesses alike. With continued investment in research and development, this trend is likely to continue well into the future.
