Over time, the installation of solar systems in Australia has seen a steady rise. Records point to a remarkable 627 GW of photovoltaic energy serving global needs. Notably, solar contributed more than 3% to the world’s total energy generation in 2020. Awareness of solar installations is growing, and this trend is gaining traction among Australians. The Australian government’s grants for solar installations have added impetus to the movement. As a result, the measured growth of solar systems in Australia exceeds an impressive 6.50%. If you are new to the technology, our guide on how solar panels work is a helpful starting point.
Electricity needs of Australian industry
Australian industry relies heavily on energy derived from coal and natural gas, a result of the country’s substantial coal mining industry and abundant natural resources. In 2019, fossil fuels contributed 76% of total energy generation, while renewable energy made up only 24%.
Renewable energy stats in Australia
Over the years, electricity generation from renewable sources has grown to 24%, driven by government incentives and subsidies that encourage greater investment in renewables.
As of 2019, out of 92 hybrid-solar projects, 27 were operational, with 66 still under construction. The government invested over $24.9 billion in generating 13,269 MW.
Expected solar energy stats in Australia
Before the global pandemic, projections anticipated 18% revenue growth over the following five years, reaching $1.3 billion. There are also expectations of a further increase in solar system installations. To work out the right system for your home, see our guide on what size solar system you need.
Australia has substantial development experience and growth potential, ranking among the top countries for solar capacity per capita. In 2019, solar systems contributed over 5% of energy generation and 22% under the renewable label.
Final thoughts
In conclusion, the global pandemic never slowed the growth of renewable energy in Australia. You can take advantage of the opportunity to save on electricity bills by switching to renewable energy. It is well worth understanding why solar is a smart investment before you make the move. Ask our experts for more information about your solar system, or get your free quote today.