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

Check Your Postcode for local solar power quotes

Solar power set to become competitive energy source by 2020

8th Sep 2011

Electricity generated by solar panel systems has been predicted to become competitive in all European markets by the end of the decade.

The news comes from the European Photovoltaic Industry Association (EPIA) and confirms the future viability of the technology as a sustainable energy source around the globe.

It is believed that some markets will experience a competitive solar energy market as early as 2013.

A critical factor in determining the future sustainability of solar power has been its ability to outperform other energy generation technologies in terms of price and reliability of supply.

Solar has seen global drops in price - both in terms of the cost of producing materials as well as installing systems.

According to the EPIA, the cost of photovoltaic (PV) equipment could drop by up to 50 per cent by the end of the decade.

EPIA president Ingmar Wilhelm says: "Already today, PV electricity is cheaper than many people think.

"In the coming years it is going to get even cheaper thanks to ever-improving technology and economies of scale."

Increased affordability will fuel adoption worldwide, along with government incentive programs which have demonstrated themselves to be effective at convincing consumers to make the switch in Australia.

"As … the price of electricity from conventional sources increases, solar PV will be become a fully competitive part of the energy mix," says Wilhelm.

The report concludes that given the right conditions, European solar power could reach grid parity by 2020.

Grid parity occurs when the price of generating and distributing solar power is equal to the cost off other forms - such as coal-fired power.

Once equilibrium has been established, the incentives to adopt solar power increase dramatically.

When given the choice between paying an equal amount for clean power, compared to a polluting source, it is believed the majority will support the renewable option.

The report also notes that the political commitment of governments is a key component required for the success of solar schemes.

This sentiment has long been echoed in Australia, as government initiatives such as solar credits and feed-in tariffs have resulted in thousands of households and business owners deciding to install systems on their rooftops.

Such programs will only help solar gain a firmer foothold in the energy market, leading to an increasingly competitive solar industry.

Bob Dawson - News Editor

Solar Power News Categories

Government Rebate & Regulations
Solar Power & Technology

More Government Rebate & Regulations

The election that could cast a deep shadow on solar power
This just in: You are nothing but a means to profit for big utilities and NSW government
The Tongans know a bad solar deal when they see one
Solar feed-in tariffs: Who's getting screwed?
Australian government at a solar power crossroads
WA government admits fault in solar rebate debacle
WA Government saves millions while solar customers are up in arms
SA's solar feed-in scheme costs to rise higher
CEC slams FIT deregulation in SA
Carbon tax announcement 'just a ripple'
Industry reactions to Rudd carbon price changes
New government 'must be made aware of renewable achievements'
Solar features prominently in ARENA funding plans
Calling all solar panel installers - 'save clean technology grants'
Manufacturers set to see bright side of economic slump?
Coalition government 'could spell bad news for solar'
'Not FIT for purpose' - ACT government on tariffs
QLD government under fire for negative solar stance
China's first trading emissions scheme begins
Details of the Queensland solar controversy
Solar panel reprieve for Queensland
Tasmania's solar future no longer too uncertain
Renewable energy funding on the brink
The Clean Energy Council calls for more renewables
Reactions to renewable energy decisions from the 2013-14 federal budget
Federal budget announcement offers a mixed bag
The impact of the carbon tax
Govt energy efficiency success
Renewable Energy Target achievements
New funding for solar panels
Australia and China further carbon cutting collaboration
Examining Australia's environmental efforts
Renewable Energy Target survives its review
Solar powered cinema a possibility
New licensing will make it easier for solar installers to work across states
Renewable recommendations for WA
Renewable energy target hangs in the balance
Deadline approaching for QLD PV installations under 44 cent solar tariff
Electricity emissions down since carbon tax introduced
Reactions to RET review final report mixed
CCA: RET on track to achieve goals
Experts slam Solar Credits decision
Government support 'needed for commercial solar development'
Shadow ministers slam ARENA withdrawal
Industry expert lauds solar PV impact
Australian Solar Council chief hits back at CCA review suggestion
Australian Solar Council debuts solar electorate map
CCA report 'victory for common sense'
Productivity Commission draft 'good for solar'
SA solar campaign reaches government level