New research from Roy Morgan shows that nearly one-third (32.3%) of Australian households now have solar systems installed, with the share more than doubling from 14% in 2018.
However, the rising share of apartments is reducing penetration, especially in NSW and Victoria:
There were big increases in ownership of Solar Energy Systems, which can be used for rooftop solar, or to heat pools or hot water in 2019 and 2020, although growth has levelled off over the last two years as the penetration of Solar Energy Systems approached one-third of all households…
The full text of this article is available to MacroBusiness subscribers
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
