The statistics are stunning any way you slice them.
Australian solar power companies installed energy-efficient solutions at such a pace over the ten years to 2019, our nation’s solar capacity grew by almost 100-fold, according to the International Energy Agency.
That’s 10 times faster than the global average – and four times faster than our friends in Europe, China, Japan or the United States.
As a result, we now have the highest amount of solar capacity in the world at 644 watts per person.
Wow. And the good news just keeps on coming.
Over 330,000 solar energy solutions were added to the grid in 2020 – up 18% year-on-year, despite the pandemic.
So what’s behind these incredible figures?
Why Australians are Increasingly Working with Solar Power Companies
It’s no secret that Australia is blessed by abundant sunshine, with the country receiving an average of 58 million petajoules (PJ) of solar radiation every year. Or, to put it another way, that’s approximately 10,000 times more energy than we consume each year.
However, the real driver comes when you add our crippling energy prices into the mix – which are some of the highest in the world.
Solar energy solutions are a great way to put more money back in your pocket, with the Clean Energy Council estimating a rooftop system saves you on average $540 per year off your electricity bills.
Then there are the generous government subsidies on offer, which can slash your upfront costs by as much as 50% (depending on your eligibility).
This is all underpinned by a dramatic drop in a solar system’s cost, thanks to ramped-up global production capacity, increased demand, and improved efficiency.
According to the International Energy Agency:
- In 2006, you’d pay an average of $8.50 per watt for a solar panel
- In 2019, this cost had fallen to $0.52 per watt – a massive 93.8% reduction
These factors all combine to shorten the payback time – or how long it takes for an energy-efficient solution to pay for itself. In Melbourne, this can be as low as five years.
Tech Advances Mean an Even Brighter Future
Australia doesn’t just lead the world in solar generation.
Our scientists have punched above their weight in global solar research and development, pioneering groundbreaking innovations including high-efficiency PERC technology that enables solar cells to produce 6-12% more energy than conventional panels.
And every increase in efficiency should lower costs for consumers further – making it unbeatable, especially when compared to dirty fossil fuels.
And those aging coal power stations don’t just pollute the air we breathe and cause climate change, but are also increasingly putting our grid’s reliability at risk.
Solar battery solutions give you reliable backup power during blackouts and reduce your reliance on the grid and those shocking energy prices. And, just like panels, improved technology, and increased demand is making batteries more affordable than ever.