Australians are fast taking advantage of the falling costs of rooftop solar systems in order to beat the ever increasing electricity prices. This has brought about increase in total capacity of small-scale renewable energy systems to 6 GW (6,000 megawatt) mark; the equivalent of 5.

According to the latest research, Australia is currently experiencing a second rooftop solar boom that is being fueled by the tumbling technology costs and volatile retail electricity prices, with almost one quarter of all Australian households having installed solar panels.

Last week, a two-phased research confirmed that Australians should start embracing themselves for another looming rooftop solar boom that has been triggered by the rapidly growing economics of solar PV panels and storage, and the state of retail electricity prices that keep worsening.

In May this year, one industry report showed Australian solar investments hit a record high in 2016. The 2016 report which was produced by the Clean Energy Regulator, highlighted in great detail Australia’s progress–obviously geared towards the realization of its 2020 renewable energy target.

Euro Solar—one of the largest solar panel retailers in Australia has been compelled by the Clean Energy Regulator to replace modules or relinquish small-scale technology certificates (STCs) after supposedly installing solar panels that were non-compliance.

According to new data from the Australian Clean Energy Regulator, Queensland still has the highest number of small-scale solar PV systems installed across the country. The state leads by a large margin and recently recorded another major milestone.

Residential solar panel systems can reduce electricity demand during the peak of summer by more than 50 per cent, a new study reveals. The Pecan Street Research Institute said that its study monitored 50 single-family homes in Texas with west and south-facing panels during the summer season last year.