Australia is deploying renewables ten times faster than the global average, with rooftop solar photovoltaic panels leading the way. Premium feed-in tariffs (FiTs) paid by export-generated energy from the PV system created a solar boom during the past decade. Australian households have strongly supported solar power over the past decade to reduce their energy bills and greenhouse gas emissions.
Businesses are also signing up for solar. From rooftops to power purchase agreements, distributed solar delivers clean power to customers in ways that cut costs and leave a clean technological footprint. Distributing electricity through renewable energy programs, like solar, reduces the need for other energy sources and is starting to lead to cost savings.
Households in Queensland and South Australia are leading uptake of residential PV solar. More than one million homes in Queensland and South Australia now have the residential system installed.
Factors the popularity of residential solar panels:
With two million rooftops in Australia harnessing renewable energy, it is clear that Australians are embracing solar power. But why?
Let’s look at the main factors affecting residential solar panel popularity in Australia:
1. Economic factors:
Economic factors are the strongest of all and the most frequent for acquiring solar PV systems. One of the motivating factors for people to install solar PV panels is that they get to see an increase in property value in their homes. A recent survey conducted by Origin Energy revealed that 85% of Australians thought solar panels added worth to the property. The next big economic reason is the lower cost of solar panels in recent years. The average price across Australian capital cities for a 5kW system is $5100, and solar technology is only getting cheaper.
Other economic reasons were saving money on energy bills, taking advantage of subsidies/rebates, attractive feed-in tariffs at the time of installation, and the Payback period.
Electricity bills are a vital concern for Australians — and one that’s been growing at a rapid rate. By installing solar panels on your roof, you can look forward to significant savings on your power bill. Besides, people can transfer excess electricity produced to the power grid leading to more reduction when the consumption is low.
2. Social Factors:
Social factors like adequate information, family/friends influence, advertising/marketing influence impacts peoples decision to choose solar panels.
3. Environmental Factors
Environmental reasons were the next factor, with over half of people indicating a desire to help the environment, reduce carbon footprint, and contribute to sustainability.
4. Political Factors
Political factors like government support and initiatives was the next reason for installation of solar panels.
The Australian government offers rebates and STC certificates that help in saving on solar costs.
- Government Initiatives:
Households and small businesses across Australia will be able to receive a benefit under the Small-Scale Renewable Energy Scheme (SRES) to help with the purchase cost if they install a small scale renewable energy system.
- Solar Panel Rebate:
From 1 July 2019, you can apply for a rebate of up to $2,225 for getting a solar panel system for your home. If you install a 4kWh solar system, the government will offer you a four-year interest-free loan.
5. Other Reasons:
There are various other reasons for the growing popularity of solar panels. These reasons include independence, self-sufficiency, and the ability to go off-grid. Other less common motives include a sense of social responsibility, a desire to offset home electricity consumption, etc.
Barriers to solar panel installation:
Australians are using solar power as an energy source. But there are several obstacles in installing solar power. The crucial ones are:
• Financial and cost concerns.
• For some consumers, installing solar panels is impracticable because they are renters or live in a townhouse with corporate restrictions.
• Other less common reasons for not having solar panels include a lack of suitable land and property characteristics, such as a shade/tree cover or limited roof space. The property might also need home repairs or renovations first.
Many factors contribute to the popularity of solar panels across Australia, with different people and households having different motivations. For some, it is to lower their electricity bills. For others is to save the environment or help contribute to the fight against climate change.
Numerous financial and structural barriers may prevent families from adopting solar (i.e. high upfront costs, lack of knowledge on the installation process or minimal utility rate relief from retail-solar energy grid integration).
NuWay solar, the solar installer in Brisbane, understands the challenges to solar installation in Australia. That’s why we help people through financing options and the best installation services across Queensland. We have helped residents and corporations reduce their power bills substantially with quality installations.
NuWay solar helps people get sufficient information for Solar PV adoption through its website. Visit https://bit.ly/3cL8FU9 for more information on residential solar panel installation.