Installed solar soars past 4GWp

The Australian PV Institute (APVI) has released its 2014 National Survey Report, which states the nation’s PV market grew from 800MWp in 2013 to 905MWp by the end of last year.

While the amount of residential PV capacity installed decreased, this was more than offset by the commercial solar sector and two large-scale solar farms.

Installed solar capacity throughout Australia now represents 7.2 per cent of electricity capacity and 2.4 per cent of electricity generation.

The decrease in residential solar installations would be due in part to market saturation – residential penetration levels in Australia average 17 per cent and are more than 50 per cent in some areas.

To put these figures into perspective, in 2001, only 118 Australian homes had solar panels installed and Australia’s total solar PV capacity (all types) was only 33MW. There are now more than 1.4 million small scale solar power systems in Australia and according to Energy Matters, with a retail value upwards of $1.68 billion a year.