Solar Photovoltaic (PV) technology has advanced significantly in Australia over the last few decades, and the industry is expected to expand further in the coming years. By 2022, the country will have over 3 million rooftop solar PV systems with a total installed capacity of more than 14 GW, making it one of the world’s largest rooftop solar adopters. Almost one in every three Australian households now has a solar system, demonstrating the growing popularity and acceptance of solar energy among the general public.
Solar PV is a significant source of renewable energy in Australia, accounting for approximately 6% of total energy generation in 2022. In that year, total solar energy generation in Australia exceeded 20,000 GWh, demonstrating the country’s growth and impact on solar energy. This increase in solar energy generation is due to an increase in the number of solar systems installed, as well as advancements in solar panel technology and system efficiency.
Solar energy costs have also steadily decreased over the last decade, with the average cost of a rooftop solar system in Australia now hovering around $1.25 per watt. This has increased the accessibility of solar energy to households and businesses, allowing many to install solar systems without the need for upfront capital. The cost reduction is largely due to technological advancements and increased competition in the solar industry, which has resulted in lower production costs and improved consumer affordability.
The solar PV industry remains a significant employer in Australia, employing over 20,000 people as of 2022. This figure is expected to rise as demand for solar energy rises, resulting in more job opportunities in the industry. Aside from direct job creation in the solar industry, the growth of solar energy has indirect economic benefits such as lower energy costs for businesses and households, as well as the establishment of new businesses and industries that support the growth of solar energy.
The Australian government continues to provide assistance to the solar PV industry through a number of initiatives and programs aimed at encouraging the use of renewable energy. The government, for example, offers rebates to homeowners and businesses that install solar panels and has set a target of 50,000 GWh of renewable energy generation by 2030. These initiatives help to create a favorable environment for solar energy growth, laying the groundwork for the industry’s continued growth.
Finally, solar photovoltaic (PV) technology has advanced significantly in Australia in recent years, and the industry is expected to expand further in the coming years. Solar energy is becoming more accessible and impactful as government support grows and costs fall, making it an important part of Australia’s energy mix. Solar energy’s continued growth will benefit both the environment and the economy, and Australia is well-positioned to be a leader in this field in the coming years.