Solar chases the magic million

Australian solar installations are running ahead of forecast and the latest figures suggest one million homes could be equipped with solar panels by the end of the financial year. Eighteen months ago the number was just 400,000.

The latest data from the Australian Clean Energy Regulator shows that more than 858,000 homes in Australia are now equipped with solar photovoltaic panels, totalling almost 2 GW of installed capacity in solar PV, according to the Sustainable Energy Association of Australia.
 
Australian homes also now have more than 600,000 solar hot water systems installed.
 
The ACER October 2012 release provides installation numbers up until September 30, 2012.
 
With eight million homes in Australia and existing growth trends, more than 10 per cent of homes now have installed solar panels, and rates of installation are running ahead of those previously forecast by me in July. Projections suggest one million homes will have solar by June 30, 2013.

Figure 1. Houses with solar panels installed.

Forecasting installation rates forward, Australia is likely to have a million homes with solar in around 12 months time, bringing installed capacity of small scale solar to over 2.3 GW.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles