The Australian solar panel industry is expected to grow in the second half of 2024 due to a number of factors, including:

Government support
The Australian government is offering financial support to solar panel manufacturers.

Technological advancements
The solar energy sector is expected to continue to grow due to technological advancements.

Decreased costs
The cost of solar panels and installation has decreased significantly, making it more affordable.

Increased solar installations
There is a robust increase in both residential and commercial solar installations.

Increased electricity generation
The electricity generation in the solar energy market is projected to amount to 30.56 billion kWh in 2024.

Increased market size
The Australia Solar Power Market size is expected to reach 41.64 gigawatt in 2024.

Increased renewable investments
The Clean Energy Council says that an acceleration in financial commitments for generation projects will be required in the second half of 2024.

The growth of the solar energy sector in Australia is expected to contribute to the global efforts in combating climate change.

icymi