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Energy: where are we heading in Victoria?

As demand for clean energy grows, so does pressure on the Victorian Government to deliver considered energy policy agreements built for a future powered by renewables.

Since 2007, the number of solar powered homes has grown from 7,000 to more than 2 million. We know energy has changed, but where is it heading?

Cheaper bills

For the consumer, the future is looking much more affordable. As energy prices soar and the price of storage systems reduce due to market demands and government subsidies, solar panels will continue to be a cheaper alternative to traditional energy sources.

Over the next 10 years we will see the same patterns emerge for solar batteries. As early adopters of this new technology continue to grow, prices will drop, and they will become an affordable companion to your rooftop solar system.

Equality in energy

While a rapidly growing market, solar energy is still an exclusive club. The Labor government is promising to change that by investing $100 million in the Neighbourhood Renewables Program – which would provide clean energy solutions to renters and people living in social housing.

The large scale project will support the normalisation of solar panels and batteries for all Victorians, and continue to create demand for accredited solar installers and designers.

From tech pioneers to the everyday consumer

Uptake of the new technology is being led by the conscious tech consumer, but with government and industry increasingly backing solar and wind energy solutions, we will begin to see this uptake mimicked in the everyday consumers.

The Government’s Solar Homes scheme has already seen $3.4 million invested in rebates towards renewable energy technology. While people investing in solar batteries are pioneering the industry, we are starting to see this pattern give way to the everyday consumer. It’s a cyclical pattern rotating from the early technology adopters to the everyday consumer, and back around again when new technology is created.

Job growth

With hundreds of workers’ displaced from the demise of the Hazelwood and Liddell plants, the advancement of solar energy provides avenues for job growth and employment. Up-skilling now is more important than ever to stay in touch with the developing energy sector.

An analysis by Green Energy Markets predicts that Victoria is on track to create more than 6,000 jobs in the renewable energy sector. Presently, Victoria has 26 operational wind and solar projects, 12 currently in construction, and another 28 on the way.

The energy landscape is rapidly evolving and moving towards a clean energy future. So, while one door closes, rest assured – there are plenty already open.

If you are thinking of joining the solar energy resolution this year, make sure you use an accredited installer and keep your home safe.