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Mini-boom expected for Australian solar panels

11th May 2012

Australian solar panels are doing well in the popularity stakes at the moment - but what is the major driver behind this trend?

There could be many reasons why this is happening, ranging from the number of government incentives available to the savings solar power systems can help us make on our energy bills.

A report in The Australian today explains that solar panel installers have seen a rise in demand for their services, which may have something to do with the attractive offers they're giving consumers.

We all like to feel as though we're getting a bargain, right? Well installers realise this and will do pretty much whatever they can to encourage us to sign up.

The article explores the idea that the government's solar multiplier has been one of the key drivers behind the mini-boom, although this situation could change after July 1.

Under the plans, the solar credits rebate will be reduced by a third - to avoid falling victim to the cuts, you must have your solar power system installed by June 30 to benefit from the current rebate level.

Industry analyst Nigel Morris of Solar Business Services told the paper that in light of the amendments, people are planning on installing solar panels sooner rather than later.

"The fear of the unexpected change in the PV industry and consumers' minds continues to drive unnecessarily strong demand and the potential for boom-bust market conditions all over again," he commented.

The good news might not end there for potential solar panel customers, as DuPont recently claimed that the cost of the systems themselves are also starting to fall.

There have been several advancements in solar technology over recent years, which have meant that panels are cheaper to manufacture, as well as being more energy efficient.

So the message is this: Move quickly if you want to reap the most benefits from solar credits.

If you do miss the deadline then don't worry - the chances are solar power will become more affordable in the coming years!

Posted by Mike Peacock

 

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