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.



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