Australian Solar Power Industry Staying Strong

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Solar power in Australia is heading towards a very bright future (no pun intended). A new research by the REC Agents Association called The Geographical Analysis of Solar Systems under the Renewable Energy Target, indicates that the number of families in major city mortgage belts and regional Australia are the biggest demographic with solar PV systems installed on their rooftops.

This recent research debunks the myth that solar panels can only be afforded by households with a higher income margin. As electricity prices keep increasing, more middle class Australian families are looking to solar power as an alternative energy source because of its known ability to provide clean energy at a lower cost. Strong solar power rebate schemes in Australia are one of the main driving forces behind the shift to solar energy as it helps families cut costs and reduce wastage.

In fact, the research also states that suburbs with lower incomes showed high penetrations of solar energy usage compared to high income level suburbs. The top 6 Australian suburbs with the largest number of installed solar systems are Coodanup (WA), Abbotsford (QLD), Booral (QLD), Cocoroc (VIC), Hoppers Crossing (VIC), and Bentley (NSW).

This information from the report is gathered and analysed based on households with installation of solar PV systems that have claimed the Renewable Energy Certificates (RECs) under the Renewable Energy Target (RET). John Grimes, chief executive of the Australian Solar Council said, €With power prices escalating, it is no wonder families with mortgages and regional households are looking at ways to cut energy costs. The Renewable Energy Target is one of the greatest policy achievements of the last decade. More than 4 million Australians now have solar power or solar hot water as a direct result of the Renewable Energy Target.€

Another recent report by the Australian Energy Market Operator (AEMO) shows that South Australia's annual energy consumption has decreased by approximately 5% in 2012. The total reduced energy consumption is estimated to be about 700 GWh, the equivalent of the average power usage of 107,000 Australian households.

It was also reported that one of the main drivers behind the increase in solar panel installations is the consumer response to increasing electricity costs. Also, the 18% jump in electricity prices also encouraged more households to go for more cost-saving alternatives.

Solar power rebates in Australia has also become a hot topic in the 2013 election as politicians are looking to reduce subsidies for households with small scale solar PV systems installed on their roofs. The aforementioned research also shows that voters could possibly be influenced by the simple basis of which party can help them best in facing the future of meeting upfront solar costs and the reduction of electric costs.

Grimes also said, €Governments that are messing around with solar policy should never underestimate the common sense of the general public. Solar offers householders the ultimate financial control over their power bills so voters will be looking to see which party will help them manage their energy bills now and in the future. This is true peoples' power.€
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