House Tablet

Find The Best Solar Deals In Australia

  • 3 Free, No Obligation, Solar Quotes
  • From Fully Qualified Installers
  • With 1000’s of Customer Reviews
  • Competing for Your Business
Finn Peacock Caricature

Ready for some quotes? Enter your postcode now

Solar energy reaches parity with coal fuel costs

19th Aug 2011

Positive speculation is brewing over Australia's solar future following new claims that photovoltaic power has reached parity with retail grid power in several states.

Speaking to The Age yesterday (August 18), Andrew Blakers, director of the centre for sustainable energy systems at the Australian National University, says that the majority of the country has made significant progress towards a renewable energy future.

He says: ''If you look at the prices being paid today, we have already reached grid parity in a lot of places except Melbourne and Hobart."

The comments give hope to many in the industry who have faced tough times in recent months - particularly those in New South Wales - where a lack of government policy is having a negative impact.

Grid parity is crucial as it demonstrates the viability of solar power generation for the future.

Some households have been able to benefit by receiving payments equal to that which it would cost to buy the power from utilities companies.

National parity with coal will allow the solar industry to operate sufficiently without rebates and is critical for widespread adoption by the public.

Price equality eliminates the perception that renewable energy costs more than traditional coal-fired power which creates significant amount of carbon pollution every year.

NSW saw thousands of homeowners take up the solar bonus scheme in 2010.

According to the Independent Pricing and Regulatory Tribunal (IPART), many households are still awaiting the installation of their systems, meaning that NSW's solar generation capacity is already set to increase.

Currently the NSW government is waiting on IPART to conduct an investigation into a fair and reasonable price for the future feed-in tariff.

The report is expected to be delivered in April, from which the government will draw up a new policy for consumers who wish to create a cost-benefit arrangement with their utilities company.

The concerns for many essentially boil down to the cost and the new announcements regarding grid parity will help many households and businesses make the switch.

Once it becomes cheaper to generate electricity from rooftop solar panels than purchasing it from suppliers, it is expected that the solar industry will see a boost in the number of installations.

The positive news follows an announcement on Wednesday (August 17) that Australian company Silex Solar will stop producing solar cells at its Sydney factory.

Company chief Michael Goldsworthy says that the company will still produce solar panels, but will import cells from overseas.

Solar Power News Categories

Government Rebate & Regulations
Solar Power & Technology

More Solar Power & Technology

Australia to be a part of huge Asian renewable energy growth
SunPower steps up to make solar more affordable
Canberra makes strides toward carbon neutrality
GTM puts solar's massive growth in perspective
Examining Australia's falling solar PV rooftop prices
Australia's shift toward renewable energy picks up the pace
Australia shines at solar decathlon
University of Queensland tapped as lead researcher on massive solar project
100 per cent renewable energy is possible in 10 years, environmental group says
Climate Commission releases report on solar progress
Aussie government actually shows spine for solar power
Be gone, skeptics: One million solar installations and counting
Australia embarks on its greatest solar journey ever
Australia looks to solar thermal for commercial success
Solar power helps King Island reach 100% sustainability
Australians 'heavy supporters of solar power'
Mildura solar plant officially unveiled
Solar power trumps other renewables in Australian minds
Sunshine Coast solar farm "fantastic initiative"
Sunshine Coast cashes in on namesake with solar plans
Energy storage 'could maximise solar power utility'
Solar powered family car - a world first?
Code of conduct for solar installers in the works
'Stop punishing households' for solar PV
Australian solar companies 'adjusting well'
Australian mining 'next solar frontier'
"Rooftop revolution" underway across Australia
Global PV market emerging from sluggish period
Royalla solar farm receives final approval
Leadership challenge a "debacle" for Australian solar power
Solar power giving global renewables a helping hand
Australia's largest CPV solar power plant up and running
Renewable energy misinformation "staggering"
CEC: Don't underestimate consumer desire for solar
Setting energy efficient examples on TV
Solar PV brightening up household bills
World's largest solar powered boat on the move
Climate change is heating up
The global solar power shift
New solar tech win for NSW
Industry orgs praise City of Sydney solar efforts
Clean Energy Council supports Regional Renewables scheme
Asian nations emerging as PV leaders
Solar PV demand continues to grow
Regional areas of Australia to receive more renewables
Australia's significant renewable energy growth
Solar panel reprieve for Queensland
New funding for solar research
Find love with sustainable speed dating
New Victorian solar power deal