FRIDAY 05 APRIL, 2013 |
1,000,000+ Rooftop Solar Power Systems Installed In Australia
More than one million solar panel systems have been installed on the rooftops of
homes and businesses throughout the nation.
According to a Sydney
Morning Herald article
, the milestone was passed last month states an
analysis by SunWiz Consulting; which found 1,011,478 systems had been installed
by the end of March. This figure does not include solar hot water systems.
It wasn't that long ago the 1 million mark seemed like a pipe dream - in 2001
only 118 Australian homes had solar panels installed.
According to the Australian Bureau of Statistics; between 2001 and 2011, Renewable Energy Certificate data shows
the number of households installing solar
rose from 118 to 85,550 in 2009, then increased to 639,803 in
By July last year, 750,000+
had installed solar panels and by January 31 this
year, the number of small rooftop solar power systems in the country had increased
The growth in installations continues even in the face of reduced incentives due
to a sharp decrease in the price of systems and continual increases in the cost
According to national solar solutions provider Energy Matters, a 5kW system the
company currently has on
can provide a financial benefit of up to $2,540 annually, depending
on installation location.
However, the decrease in system costs may not go on forever. The situation could
be rapidly reversed by due to currency exchange issues, such as that occurred
during part of 2009 when a crash in the value of the Australian dollar saw
prices for solar power rise substantially for a period.
Additionally, last month we reported the possibility of the cost of solar panels
rising after four
from PV manufacturers shipping into Australia were noted.
Another threat to record low pricing is the possible reduction in the value of
government incentives, currently worth more than $1,600 depending on the size of
the system and location of installation.
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