Looking at the figures all over Australia, ACT has shown the fastest rate of growth of rooftop solar installed for homes and businesses. Despite the lower solar panels on the Gold Coast prices, ACT is still leading the list as the region has added around 22.8 MW to its photovoltaic capacity in 2018.
Green Energy Trading gathered and published data which shows that residential installations are responsible for 18.4 MW of the additional capacity which has increased from the previous 9 MW in 2017. The growth rate has been measured for the year-on-year which came out to be 104.4 per cent. The figure is the biggest in the entire Australia with no contest.
As for the commercial installation, ACT has also seen double the number compared to 2017 when the capacity was only at 2.1 MW. With the addition of the previous year, the capacity is now at 4.4 MW which shows an increase of 109.5 per cent.
Tristan Edis, the director for Green Energy Trading, said that based on the record of the small scale solar panels registered for technology certificates rebate, there are 3,333 systems in 2018 in ACT while in 2017 the recorded number was only 1,666.
According to Edis, they find it really interesting how much the growth is in ACT. It is considered as a spectacular milestone that it has surpassed other territories and states in Australia. He added that there is a high likelihood that customers in Canberra are noting the reduction in the prices of solar panels as they wanted to find alternative to the growing power bills they have to pay for every month.
Independent Competition and Regulatory Commission which is in-charge of the electricity providers in ACT gave them the green light to increase energy prices by 14.29 per cent for the current fiscal year. This is on top of the previous increase in the last fiscal year, which amounted to 17 per cent.
Due to this price hikes, residential properties and business noted the solar panels on the Gold Coast prices have declined therefore they chose the alternative rather than pay more for their electric bills.