Solar

Australian rooftop solar installs hit 93MW in May, highest since 2012

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Australian households and businesses are installing rooftop solar PV at a rate not seen since 2012, according to the latest data from industry analysts SunWiz.

In its latest monthly report, SunWiz said that a total of 5.7GW or rooftop PV had been installed on 1.7 million households and businesses at the end of May, capping off a record first five months of installs in any year in the country’s history.

 

This second coming of Australia’s rooftop solar boom coincides with a period of broader energy market turmoil, in which retail electricity prices are being driven to record highs by soaring wholesale market prices, driven by a dysfunctional market.

The latest manifestation of this turmoil was a nearly 20 per cent hike in ACT retail electricity prices, announced by the Territory’s pricing regulator earlier this week.

Sophie Vorrath

Sophie is editor of Renew Economy and editor of its sister site, One Step Off The Grid . She is the co-host of the Solar Insiders Podcast. Sophie has been writing about clean energy for more than a decade.

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