Solar energy has been growing in popularity in New Zealand, as more and more people recognize the benefits of renewable energy. In this article, we'll take a closer look at the state of solar energy in New Zealand by examining the numbers behind the growth of solar power.
Solar Energy Growth in New Zealand
According to the New Zealand Ministry of Business, Innovation and Employment, there has been a significant increase in the number of solar installations in New Zealand over the past decade. In 2010, there were only around 1,000 solar installations across the country, but by 2022, that number had grown to over 45,761 installations.
Capacity and Output
The increase in the number of solar installations has led to a significant increase in the capacity and output of solar energy in New Zealand. In 2010, the total installed capacity of solar energy in New Zealand was just 1.4 MW. By 2022, that number had grown to over 255 MW. In 2022, solar energy accounted for around 8% of New Zealand's electricity generation.
Cost Savings
One of the primary reasons for the growth of solar energy in New Zealand is the potential for cost savings. According to a report by the Energy Efficiency and Conservation Authority (EECA), solar energy can provide significant cost savings for households and businesses. The report estimates that a typical solar system could save a household around $600 per year on their electricity bills.
Government Incentives
The New Zealand government has also played a role in promoting the growth of solar energy. The government's Low Emission Vehicles Contestable Fund has provided funding for projects that promote the uptake of low-emissions vehicles, including electric vehicles and plug-in hybrids. The government has also introduced a scheme that provides subsidies for solar installations on homes and businesses.
Future Growth
The future looks bright for solar energy in New Zealand, with the government setting ambitious goals for renewable energy. The New Zealand government has set a target of 100% renewable electricity generation by 2035, which will require a significant increase in the use of solar energy and other renewable sources.
Conclusion
The growth of solar energy in New Zealand has been significant over the past decade, with a large increase in the number of solar installations, capacity, and output. The potential for cost savings, government incentives, and a commitment to renewable energy are all driving factors behind the growth of solar energy in New Zealand. If you're interested in learning more about solar energy and how it can benefit your home or business, reach out to Solar Compare today.
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