Increasing power prices are driving a large interest in solar systems throughout Australia in 2023. Business solar has increased exponentially in the past couple of years as they brace for higher power prices over the next few years. Australian Energy Regulator has approved price increases of up to eighteen percent in New South Wales and twelve percent in Queensland.

These rising power prices are increasing the interest in business solar, according to Springers Solar, a well-established family owned solar specialist company based in Lawnton and Capalaba in Australia. The increase in interest has risen by more than three hundred percent over the past few years.

The number of business solar installations has also increased exponentially at the end of 2022 and early 2023. The transition to renewable energy and energy independence is increasing at an unprecedented rate. Electricity prices are expected to continue rising in the next twelve to twenty four months, which is a major catalyst in the transition to solar for Australian businesses.

As the price of electricity continues to rise nationwide, the return on investment for businesses with solar systems will also increase. The solar installation prices remain stable with payback times dropping considerably from six years down to five or three. Over three thousand MW of small scale solar was added to the Australian grid in 2021. The interest in solar batteries has also increased, while tariffs decrease.

“It is anticipated that solar will account for sixty percent of new renewable energy generation capability globally this year., followed by wind and they hydropower,” said Joe Springer, the Manager at Springers Solar. The record breaking rate of rooftop solar growth could see more than fourteen percent of the national grids electricity this year.”

Solar trends reports found electricity generated from rooftop solar PV has increased by thirty three percent in the past year. This study summarised the substantial increase in electricity generated by solar PV from homes and businesses that have incorporated solar on their roofs. This means that fourteen percent of electricity is expected to be generated by rooftop solar in 2023.

About Us:

Springers Solar is a well-established family owned solar specialist company based in Lawnton and Capalaba in Australia. This company offers over ten years of industry knowledge and experience offering everything from installations to batteries and inverters to chargers, solar panels, lighting and more. They cater to private and commercial clients offering auto and electrical solutions. Springers Solar offers a wide range of products complete with a design and installation service that clients can rely on and trust. They have over five thousand solar panels successfully installed and have become a top choice for solar installations on a national scale. To find out more, visit https://www.springers.com.au/.