What is driving the "battery boom" in Australia's solar industry?

The increasing demand for battery energy storage systems, along with changing customer expectations that now require solar providers to offer more than just equipment, such as financing, after-sales support, and batteries.

How can homeowners in Australia save on solar before 2025?

Homeowners can save up to $10,000 on solar purchases and installations by completing their solar projects before the end of 2025, when federal tax credits for solar panels are set to expire. Leasing options are also available to add solar power with no upfront investment.

What are the key trends impacting Australia's commercial and industrial solar market?

The report highlights two main trends: 1) Surging demand for battery energy storage systems, and 2) Increasing customer expectations for solar providers to offer more comprehensive services beyond just equipment, such as financing, after-sales support, and batteries.

Home / Business and Economy / Australia's "Battery Boom" Soars as Demand Surges

Australia's "Battery Boom" Soars as Demand Surges

16 Oct

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Summary

Increasing demand for battery energy storage systems
Customers expect solar installs to include after-sales services
Homeowners can save up to $10,000 on solar by 2025

Australia's "Battery Boom" Soars as Demand Surges

According to a recent report, Australia's renewable energy sector is experiencing a significant "battery boom." The data, gathered through a partnership between Orkestra Energy and SunWiz, indicates a growing demand for battery energy storage systems among commercial and industrial (C&I) customers.

The survey results highlight a shift in customer expectations. More than half of respondents reported an increase in the demand for "after-sales services" beyond just the initial solar equipment installation. Customers are now looking for solar providers that can offer a comprehensive package, including batteries, financing options, and ongoing support.

This change in customer behavior is driving solar companies to adapt their offerings. Orkestra's co-CEO, Chris Cooper, explains that "Batteries, financing, after-sales support, it's all becoming essential" for businesses to remain competitive in the market. The good news is that for those companies that can adapt to these evolving needs, the outlook is very promising.

For homeowners, the report also underscores the benefits of going solar before the end of 2025. By that time, federal tax credits for solar panels are set to expire, meaning homeowners who make the switch can save up to $10,000 on their solar purchases and installations. Leasing options, such as Palmetto's LightReach program, also allow homeowners to add solar power to their homes with no upfront investment.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.