Electricity metre trial brings cash return to solar panel and windmills
It’s bec충주출장샵ome a national mantra: solar power gets a lot more bang for its buck.
And the case goes all the way back to 2006 when the Solar Energy Industries Association (SEIA) began selling solar panels and windmills with a simple, and sometimes confusing, sales pitch.
“What if we just delivered a basket of solar energy to each person in your neighbourhood in about five hours?” the salesman was quoted.
The story goes, “We can get that energy from the sun every night by buying it from SolarWorld.”
That’s how the story went. A year later, in September 2007, SolarWorld began rolling out its panels and windmills in Victoria, Queensland and South Australia.
It’s a big business in solar panel and windmills which makes more than $5 billion in revenues for the industry every year, largely due to the sheer volume of orders generated by customers installing the new panels and windmills to their homes.
One Australian company is using the same idea to help pay for the cost of the national network of new solar power projects across the nation.
“I believe the solar generation market is still growing quite substantially and, in the long term, if we can build, in many areas, thousands of photovoltaic (PV) systems, we would really help generate enough funds,” said Barry Wilson, CEO of the State Council of Solar Energy Systems, or SCES.
Scenes from the $55 million trial, which ran in Victoria from September 2007 until late last year, show how the PV market continues to grow.
Mr Wilson says solar’s price is now a lot lower than any of the previous generation, and the government has already committed to pay out up to $12 billion in fixed revenue for 20 years to pay down debt, as well as investing in new infrastructure.
SolarWorld’s share price is currently down nearly 80 per cent since the trial commenced in the US in 2011, having lost more than $2 billion on the scheme, according to a report earlier this year by the research group, Fidelity.
Some in the industry have argued that the price drop is also an attempt to force the Australian Government to invest in the solar industry through the National Energy Market.
Solar industry’s hopes shattered