Most people know that switching to solar is going to save them a lot of money but the general perception is that since it is a little heavy on the pocket, the solar energy transition may be slower. However, it is proving to be a myth as the renewable energy market in Australia is growing at an unseen pace.

11% of the Total Energy Produced was Renewable Energy

According to Australian Energy Market Operator (AEMO), the renewable energy output in 2019 amounted to nearly 11% of the power generated across the country. Nearly 2,400 MW of solar power-based energy was generated on 4 December 2019, which was the highest daily output for the year. This data also indicated that 2020 would have been a much better year for solar power generation as more people were intending to go solar.

The Pandemic Impact

Though the pandemic that hit the world in March 2020 slowed the pace of the expected growth of solar power generation in 2020, there were still incremental gains as the country started coming out of lockdown. As solar energy generation broke new records, wholesale energy prices started to fall sharply as well. The price reduction in 2019 was nearly 20% compared to the previous year, even with the unforgiving bushfires in South Australia.

2021: The Year of Solar

However, 2021 is expected to be the year when the solar energy switch will catch pace again and you should consider switching to solar as well. If you are looking for solar panel system in Australia, let Direct Solar Wholesaler team know and our experts will take care of your needs.