Australia’s Clear Vitality Regulator (CER) has estimated how a lot rooftop photo voltaic might be put in in Australia this yr. All issues thought of, it’s a fairly spectacular quantity.
The CER’s September Quarterly Carbon Market Report (QCMR) launched yesterday signifies an estimated 729 megawatts of small-scale solar energy methods had been put in throughout the quarter, fairly an uptick on earlier in 2022 and heading again in direction of to the very excessive Q3 degree seen in 2021 (755 MW).
CER Chair David Parker famous extra installations of rooftop photo voltaic methods occurred after a rise in enquiries by Australians seeking to go photo voltaic that started in July.
If the present pattern continues, the Regulator expects whole put in capability in 2022 might be about 2.7 gigawatts. However even with the massive increase within the latter a part of this yr, it received’t be a file and can break a successful run. The file was set final yr – a whopping 3.2 gigawatts made up of roughly 380,000 methods and the fifth record-breaking yr.
Put in capability in 2022 to the tip of September totalled 1.9 GW; down 19% from 2021, however a lot better than the 27% decline within the first half the yr.
The cumulative whole of small scale photo voltaic put in in Australia as on the finish of final yr was round 17 gigawatts of capability. Assuming the two.7 gigawatts for 2022 is reached, we’ll be inside spitting distance of 20. In accordance with the info from the Clear Vitality Regulator’s website online, the cumulative tally was round 18.2 gigawatts as on the finish of September.
However that’s not all that will have been put in to that time. The Regulator compiles its figures primarily based on STC creations – the bits of digital paper that kind the premise of Australia’s “photo voltaic rebate“. Whereas the rebate is supplied as an up-front subsidy, STCs can’t be created till a system is put in, and they are often created as much as 12 months after the set up.
This implies whereas we would get a fairly good estimation by late January of whole capability put in in 2022, it received’t be completely spot on – however close to sufficient.
Electrical energy Costs Set off Photo voltaic Rush
2022 was trying a bit bizarre for photo voltaic set up curiosity for a lot of the primary half of this yr – nonetheless fairly wholesome, however much less so than earlier years. The primary indicators of a rush started right here on SolarQuotes throughout the tail finish of Could quite than July; forward of electrical energy worth rises in July for a lot of Australians.
This was adopted by information trickling in of probably extra vital electrical energy worth rises on the horizon, then a flood of it. This has sustained a a lot larger variety of photo voltaic and battery quote requests right here on SQ in comparison with earlier within the yr.
In its report, the Clear Vitality regulator notes:
“If retail vitality costs enhance subsequent yr to the extent some are predicting, the common pay again interval for a rooftop photo voltaic system may decline from about 4 years to three years, nonetheless making it a superb funding.”
That’s excellent news, however easy payback durations range vastly relying on quite a few components together with location and vitality consumption profile. To get a greater concept of easy payback in your scenario, attempt the SolarQuotes photo voltaic calculator.