Is the World (and Australia) Switching to Solar? Reviewing Top 10 Nations - Solar Bridge

Is the World (and Australia) Switching to Solar? Reviewing Top 10 Nations

August 26, 2022

In continuation to our series of blogs, we present to you how the world is gearing up for renewables and how and why Solar Energy is becoming a preferred choice across the nations. Solar energy gets converted to electrical energy and suffixes our energy needs thus. Adapting solar power is becoming more economical than ever and on top of that it is renewable and clean. Solar irradiation is one of the factors to be considered while deriving the efficiency of solar power for any country/region. The gear used to utilize the solar power i.e. the Solar Panels, Solar Inverters etc. has been better than ever and outputs have scaled up. Undoubtedly, solar power is becoming increasingly popular across the globe and our nation is no different. As a matter of fact, we happen to be among one the top Solar Power producing countries and are growing at a better pace than many of our counterparts on the charts.

Top 10 countries with most installed solar PV (based on 2019-2020 data)

RankCountryCapacity (MW) 2019Capacity (MW) 2020
2United States76,000106,000

Nearly everyone on the planet can use solar power to produce electricity, however some places have a larger potential for solar power due to their greater exposure to sun. The Australian continent offers the most solar radiation per square metre than any other continent, making it one of the best places in the world to find solar energy. Australia receives 58 million PJ of solar radiation on average each year, or around 10,000 times more than it uses in total. However, Australia’s present solar usage is low, compared to other countries across the globe.

How can solar panels help you save money while contributing to the environment?

The world has evolved. The cost of energy is rising, and it appears that this trend will continue for some years. Homeowners are racing to adopt solar power to lower their electricity bills as energy costs continue to soar throughout Australia, especially now that the energy crisis is emerging and the cost of solar panels are competitive.

The first advantage of solar energy is that it slashes your power bills by almost 80-90% every quarter, saving around $1500-$2000 annually. Considering you install a 6.6kW solar system you save $7500-$10000 in 5 years. These figures are subject to change based on the location, property specifications and the solar brands installed?

Generating power through solar panels reduces your reliance on the grid, helps slow climate change, reduces your carbon footprints and helps lower air pollution which leads to better public health, economy and lower natural calamities.

Investing in renewable power

Wind and solar, the fastest growing sources of electricity, reach a record ten percent of global electricity in 2021; all clean power is now 38% of supply according to the Global Electricity Review 2022. The adaptation and expansion of solar PV capacity is increasing worldwide. Governments are starting to realise how much electricity generation may gain from solar panel use. The Australian Government gives incentives in the form of STCs for the homeowners who install solar panels. As a household or a small business, switching on to solar has got humongous advantages in terms of reduction in our carbon footprints in the longer run and great financial savings through the STCs and Savings on Power Bills that one makes because of the Solar Power. Adopt renewable energy today and reduce your power bills while helping the environment. Contact our team at Solar Bridge right away and learn more about solar options on offer.