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Why solar companies go out of business

Over the past decade, the solar industry has boomed. In 2018, the number of Australian households with solar PV installations reached 2 million. That’s an average of six solar panels installed per minute!

The solar industry is growing rapidly, yet there are many solar companies who have left. ABC News reports that almost 700 solar companies have gone out of business since 2011, leaving about 650,000 Australians without warranties if their systems fault. These systems are referred to as ‘orphaned’ systems, because there is no longer a company available to take responsibility.

So, how’s it possible that so many solar companies have shut down in an industry that’s booming?

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5 Powerful Reasons to Go Solar

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Solar energy is fascinating. Our advancement in technology has allowed us to turn sunlight into electricity which we can use to power our homes and devices. Homeowners around the world are installing solar systems on their roofs to take advantage of this exciting, renewable way to generate electricity. A thought that commonly comes to mind amongst people who are considering making the switch to solar is: how does this benefit me?

We’ve put together a list that describes 5 of the most powerful reasons to go solar. Keep reading to find out what motivates individuals and businesses to install a solar system.
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6 facts about solar power in Australia

The Australian solar industry is starting to hit its stride as the uptake of renewable energy continues to increase both nationally and internationally. Multiple projects go into development all the time throughout Australia, helping to make our future look a whole lot brighter.

There’s still plenty that people don’t know about solar energy, so here are 6 facts about solar energy in Australia.

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The rapid growth of solar in Australia

The Australian solar industry has grown significantly over the past decade and is expected to continue expanding with new solar farms and residential solar projects going into development all the time. The growth has been largely driven by new large-scale solar farms which have increased industry electricity generation from less than 50 Megawatts in 2014 to over 2,400 Megawatts in 2018. There are plenty of new solar farms planned over the next few years meaning the industry is well positioned to continue growing throughout Australia.

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Shocked by your electricity bill? See our top tips towards a $0 bill

Have you installed a solar PV system in your home, but your electricity bill isn’t as low as you expected? There could be a few reasons why it’s not performing optimally. Find out how to dramatically reduce your bills and let your solar PV system shine.  Read more

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