Over the past few years, solar energy has exploded into the Australian energy market, with over 3.5 million solar panels installed last year, or an average of around 10,000 panels installed each day.
Due to this, one in five Australian households are selling their excess power back to the grid, but as more people are getting more solar every day, could this make government subsidies like the feed-in-tariff less viable?
Grattan Institute director, Tony Wood said as more people are feeding energy back into the grid, at certain times of the day there will be too much energy to consume, and it could lose its value.
Mr Wood said as the government has been happy to support solar investors until now, buying electricity in the middle of the day when they don’t need it is very inefficient and they could look to stop doing it.
Obviously, this could upset a lot of people, but as solar is still budding in the energy market, it may be years until something like this is enforced on a government level. Yet, it does open a door to a whole new market which is ready to take over in Australia.
Can batteries be your future solution to the energy crisis?
As you might have read in the solar battery basics, solar electricity gained from a solar system can be stored and used for times when your panels are not generating enough energy to supply your home or business.
Batteries are ideal for overnight use, as you will be able to harness what you’ve stored during peak times in the day so you do not have to borrow back off the energy grid. This in turn means you will essentially have your own private energy hub.
Mr Wood explains as there continues to be more demand to get off the grid due to Australia’s rising energy bills, this demand could supercharge the battery industry.
Around 20,000 batteries were installed across Australia last year, which is triple the number installed over 2016, but is still trailing far behind the mass installations of rooftop solar.
As solar technology has progressed and improved over the past decade, the demand has risen and cost has decreased dramatically.
Clean Energy Council chief executive Kane Thornton said just like the rise of solar, batteries look to be heading along the same path.
Mr Thornton then explains as many existing solar systems have the ability for batteries to be attached, many current solar owners and new clients should be looking very carefully into battery technology.
If you have been wondering whether a solar system and battery storage technology is what you need to get off the grid and stop paying bills, the Energy division at AICA have you covered.
Completing over 5000 commercial and residential solar and solar battery installations last year, AICA will ensure your solar system will have you bill free for years to come.
To find out more, call us on 1800 242 228.