The latest report by IMARC Group, titled “Australia Rooftop Solar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033,” offers a comprehensive analysis of the Australia rooftop solar market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The Australia rooftop solar market size reached USD 1,436.36 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,508.25 Million by 2033, exhibiting a growth rate (CAGR) of 6.39% during 2025–2033.Base Year: 2024
Forecast Years: 2025–2033
Historical Years: 2019–2024
Market Size in 2024: USD 1,436.36 Million
Market Forecast in 2033: USD 2,508.25 Million
Market Growth Rate 2025–2033: 6.39%
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Australia Rooftop Solar Market Overview
• The market is growing steadily due to strong government policy support and increasing demand for decentralized energy solutions.
• Utilities are investing in advanced grid technologies to integrate rooftop solar with the main grid efficiently.
• Federal and state incentives, including rebates and feed-in tariffs, are making rooftop solar systems more affordable and attractive.
• Residential adoption is expanding rapidly as more homeowners seek to reduce electricity bills and gain energy independence.
• Rising electricity prices are motivating households and businesses to invest in rooftop solar as a cost-saving measure.
• Environmental awareness is driving consumers to adopt solar as a sustainable energy source.
• Technological advancements are improving solar panel efficiency, battery storage, and smart energy management systems.
Key Features and Trends of Australia Rooftop Solar Market
• The market is witnessing the integration of smart inverters and battery storage solutions to enhance self-consumption.
• Virtual power plants and distributed energy resource management systems (DERMS) are being deployed to stabilize grid operations.
• State-level roadmaps, such as Victoria’s plan to install 7.6 GW of solar by 2035, are shaping market dynamics.
• Increasing participation from commercial entities, schools, and community groups is broadening the market base.
• The average system size is growing, reflecting demand for higher capacity installations.
Growth Drivers of Australia Rooftop Solar Market
• Strong government incentives and regulatory frameworks are encouraging solar adoption nationwide.
• Rising electricity tariffs and peak demand charges are pushing consumers towards self-generation.
• The abundant solar irradiance in Australia is making rooftop solar an economically viable option.
• Advances in solar technology and cost reductions are improving return on investment.
• Growing environmental consciousness and climate commitments are fostering long-term market growth.