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Australia: Solar PV Market Insights, 2024 Q1 Wrap Up

Australia recorded a total of 782,679 kilowatts of solar systems installed in the first quarter of 2024, marking a nearly 3% increase compared to the same quarter of the previous year. Of the total installations, 78% were in the Residential (0-15kW) category, with Sunboost emerging as the top installer in this segment. Small-Commercial (15-40kW) installations accounted for 13% and were predominantly carried out by Sun Retail, while the remaining 9% were in the Medium-Commercial (40-100kW) category, with AGL being the primary installer.

Sunboost took the lead in the total market share, surpassing Origin with a volume of 26,362 kilowatts, representing 3.37% of the market. Formbay Trading remained the top STC trader.

New South Wales saw the highest number of solar panel installations, accounting for 33.79% of the market volume, totaling 264,469.26 kilowatts. Additionally, 5,105 kilowatts of installations were completed in the suburbs with the postcode 2765.

For additional solar statistics and insights, take a look at our Solar Nerds reports catalogue.

Wrap-up reports

national

national

The total solar panels installed in the country in the second quarter of 2024 increased by 9.94%.

New South Wales

NSW

NSW achieved an impressive growth of 10.95% compared to the same quarter last year.

Queensland

QLD

From QLD alone, 26.56% or a volume of 210,831.60kW contributed to clean and sustainable energy.

Victoria

VIC

Victoria’s total system installation has experienced a 0.73% drop this quarter.

Western Australia

WA

8.96% of the total solar installations, equivalent to 71,128.12kW, have been completed in WA.

South Australia

SA

SA has experienced a significant increase of 5.73% compared to last year’s quarter.

Australian Capital Territory

ACT

ACT only completed a few installations this quarter, representing a market share of 1.49%.

Tasmania

TAS

There has been a 12.50% increase in the total installed volume for this quarter compared to Q2 2023.

Northern Territory

NT

NT has the smallest number of solar installations, representing just 0.51% of the total market share.

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