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?