Solar PV ownership continues to trend upwards (2024: 46%, 2023: 44%, 2022: 42%), while intention to upgrade or purchase remains steady (2024: 27%, 2023: 26%, 2022: 26%). Those most likely to want to buy solar are younger people (aged 18 to 34) (38%), homeowners (30%) and those earning higher incomes ($151K or more) (35%). Renting is the main barrier to not owning solar PV (42%), followed by living in an apartment (11%) and affordability (10%).
Most households with solar PV see the importance of maximising electricity consumption during solar PV generation (77% high importance rated 7-10). In line with this, many households have taken actions to shift their electricity use to daytime, such as using appliances during the day (66%), and setting timers on pool pumps and hot water systems to run during the day (25% and 17%).
Around one quarter (25%) of solar PV owners have had their hot water system disconnected from a load control tariff and placed on the same electrical circuit as their PV system, but 35% are unsure if their system has been disconnected from such a tariff. Of those who have had their hot water system disconnected from a load control tariff, the main reasons for doing so included it increasing savings (38%), being better for the environment (37%) and being more affordable (33%).
Solar
