SOLAR STATISTICS & INSIGHTS
SOLAR INSTALLATION
2024 Q1 WRAP UP
Australia recorded a total of 782,679kW of solar systems installed in the first quarter of 2024, marking a nearly 3% increase compared to the same quarter of the previous year. Of the total installations, 78% were in the Residential (0-15kW) category, with Sunboost emerging as the top installer in this segment. Small-Commercial (15-40kW) installations accounted for 13% and were predominantly carried out by Sun Retail, while the remaining 9% were in the Medium-Commercial (40-100kW) category, with AGL being the primary installer.
Sunboost took the lead in the total market share, surpassing Origin with a volume of 26,362kW, representing 3.37% of the market. Formbay Trading remained the top STC trader.
NSW saw the highest number of solar panel installations, accounting for 33.79% of the market volume, totaling 264,469.26kW. Additionally, 5,105kW of installations were completed in the suburbs with the postcode 2765.
For additional solar statistics and insights, take a look at our Solar Nerds reports catalogue.
SOLAR NERDS → REPORTS
SOLAR NERDS REPORTS CATALOGUE
2024 Q1 QUARTERLY WRAP UP
The total solar panels installed in the country in the first quarter of 2024 increased by 2.90%.
2024 Q1 QUARTERLY WRAP UP
NSW achieved an impressive growth of 15.10% compared to the same quarter last year.
2024 Q1 QUARTERLY WRAP UP
Victoria's total system installation has experienced a 2.25% growth this quarter.
2024 Q1 QUARTERLY WRAP UP
8.74% of the total solar installations, equivalent to 68,427kW, have been completed in WA.
2024 Q1 QUARTERLY WRAP UP
ACT only completed a few installations this quarter, representing a market share of 1.84%.
2024 Q1 QUARTERLY WRAP UP
There has been a slight 1.69% increase in the total installed volume for this quarter compared to Q1 2023.
BROUGHT TO YOU BY SOLARIS FINANCE
SOLAR NERDS IS BROUGHT TO YOU BY THE TEAM AT SOLARIS FINANCE.
Finance needs to be convenient. Finance needs to be efficient. At Solaris, we want to help your solar business grow by offering the best service we can. Finance shouldn’t be a hurdle costing you deals, it should be a tool that helps you close more deals.
Finance for solar is especially good because, well — it makes good financial sense! Structure your deals as cash flow positive. Where the savings for the solar are more than the finance repayment. Meaning the customer saves money from day 1 without any cash upfront.
TRUSTED BY THE BEST
OUR FINANCE PARTNERS
We partner with the over 20 of Australia’s most reliable and agile financial institutions to deliver the right finance solution for your project and your customer. This means we can grant formal approvals within 24 hours, so you can lock in projects faster.
*Comparison Rates based on $30,000 green loan repaid over 60 months. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.