Australians Have Spent almost $8bn on Rooftop Solar since 2007

World | Renewable Energy | Solar Energy

solarisSolar Citizens says since the 2012-13 financial year, rooftop solar owners have saved about $1bn on their household bills each year.

Australian households and small businesses have invested more than $1bn a year in rooftop solar over the past five years, spending a total of almost $8bn since 2007, new calculations show.

In its latest State of Solar report, Solar Citizens – which campaigns for, and represents the interests of, solar owners – has for the first time estimated Australian’s out-of-pocket investment in rooftop solar, how much money it has saved consumers, and how much carbon it has abated.

Overall, it found Australians have spent $7.8bn on rooftop systems since the 2007-08 financial year, an estimate based on the total amount of solar capacity installed and the cost of those systems.