Australia has installed more than 100MW of rooftop solar for the seventh consecutive month as households and businesses accelerate their uptake of the technology to stave off the soaring cost of grid electricity.
New data from Green Energy Markets shows 109MW was installed in April, down from March but this was expected given the Easter and Anzac Day holidays.
“This is the seventh month in a row that capacity has exceeded 100MW. While April was down on the prior month (March was an all-time record for capacity) it is up 63% on April last year,” says GEM analyst Tristan Edis.
Giles Parkinson is founder and editor of One Step Off The Grid, and also edits and founded Renew Economy and The Driven. He has been a journalist for 35 years and is a former business and deputy editor of the Australian Financial Review.
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April 2018 up 63% on April last year.
But if FITs are cut and grid prices go down, then what?
The whole economic equation is radically changed.
Still, system prices this April are around 40% less than October last year, so it may balance out the same or better.
Who is going to do the sums?