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Residential Solar Power Investment Increases Nationwide

By Ben Faulks

Combating the rising price of electricity across the nation, many people are beginning to choose solar power as a viable option for their homes, which could be a great addition to your Belconnen real estate.

In fact, almost one in six Australians now have solar power panels installed on their properties. The proportion of homes to install solar panels has more than doubled over the last three years, growing from 7.5 per cent in March 2011 quarter to 16 per cent by the end of 2013. This works out to be over three million people across the nation.

One of the most interesting statistics surrounding the uptake of solar power was the amount of time people had lived in the home before installation. For example, out of all the individuals who have lived in their home for longer than 10 years, one in five have installed solar panels onto their property.

However, the strongest growth was for those who have only lived in their home between three and five years, rising from 9 per cent in 2011 up to 16 per cent in 2013. This highlights that people are beginning to install these cost-saving measures sooner rather than later, in order to reap the rewards for as long as possible.

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