Why Australia is a Great Place to Install Solar Power?
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| Why Australia is a Great Place to Install Solar Power? | How much does Australia's solar power cost? |
Why Australia is great for solar power?
The main reasons why Australia is a great place to install solar power in the first place are:
Australia is blessed with ample sunlight for solar energy generation. If you have access to sunny weather during the day and cool weather during the night, then you should use this sunlight to create electricity for your home or business. Solar energy generators have a limited lifespan. The lifespan of a solar energy generator varies greatly depending on the solar panel.
It is preferable for a solar energy generator to have a long lifespan. Solar energy generators that are expected to remain in operation for 50 years are favored over those that are expected to last only five years. Low-interest rates for solar energy system installation are also an advantage.
How much does Australia's solar power cost?
Solar power is also much less expensive in Australia than in many other parts of the world. For example, in the US, which produces more electricity from solar power than any other country, electricity from solar energy costs the equivalent of 3.5c/kWh and about 11.4c/kWh for commercial users. In Germany, a large proportion of Germany's solar energy is produced at higher tariffs, but the feed-in tariff price charged to solar energy producers is among the highest in the world and is usually about 30c/kWh.
In Australia, the cost of producing kWh of electricity from a PV system is estimated to range from 13c for a residential unit to about 23c/kWh for a commercial unit and from 24c to 30c/kWh for a utility-scale PV plant.
What are the benefits of installing solar power in Australia?
More energy efficient: You will reduce your energy costs by approximately 20 percent. More reliable: Your electricity will be delivered as quickly as the sun shines. It is also cheaper and has no emissions.
Why does the Clean Energy Council advocate for solar?
Australia's solar resources are enormous and the average cost of installing a solar array is well below the cost of maintaining the grid. This is one reason Australia has experienced such high growth in solar panel installations. But even more important than the potential cost-saving, Australia should use the sun's rays to help meet the country's energy needs.
Find more information about solar in Australia.
Conclusion
This paper is the first to look at the renewable energy potential of all the mainland states in Australia, how solar energy has been used in recent years, what Australia's total renewable energy potential is, and the associated potential electricity cost. I find that solar energy potential is higher than originally thought with total Australian renewable energy potential estimated at 80 TW and associated electricity cost of AUD 6.0 per kWh. I also show that peak and average electricity demand is lower than previously estimated. I also look at how this can be used to help reduce the cost of future electricity to consumers. I find that the projected savings from electricity generation from renewables are estimated at AU$1.
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