澳大利亚2023年Q3光伏市场报告-英

SOLARREPORTMARCH2016AustralianEnergyCouncilSOLARREPORTQUARTER3,

2023AustralianEnergyCouncilDDMMYYYY©AustralianEnergyCouncilLevel14,50MarketStreet,Melbourne2Table

of

contentsSTATE

OF

SOLAR

IN

AUSTRALIA3ELECTRIC

VEHICLES

8LEVELISED

COST

OF

ENERGY11PAYBACK

PERIOD,

DETAILED

MODEL14METHODOLOGY

APPENDIX161.

Solarinstallations

methodology

162.

Paybackperiodmethodology163STATEOFSOLARINAUSTRALIAAccording

to

the

latest

data

from

the

Clean

Energy

Regulator

(CER),

household

and

businessrooftop

solar

has

added

1.97

GW

of

capacity

from

219,000

PV

systems

this

year.

In

the

third

quartermore

than

68,500

new

installations

were

installed

with

a

total

installed

capacity

of

620

MW,

takingthetotal

cumulativeAustralianrooftopsolar

capacityto21.2GWat

theend

ofthethirdquarter.During

the

third

quarter,

New

South

Wales

maintained

its

leading

position

in

the

country,

boastingthe

highest

capacity

for

newly

installed

rooftop

solar

systems

accounting

for

34.8

per

cent

of

totalnationally

installed

capacity

(or

216

MW

installed

capacity).

Following

closely

behind

wereQueensland

and

Victoria,

contributing

26.6

per

cent

and

16.4

per

cent,

respectively,

to

the

overallnew

installations.

South

Australia

accounted

for

9

per

cent

of

the

total

installed

rooftop

solar

systemsacross

the

country,

while

Western

Australia

accounted

for

8.3

per

cent

of

new

installations.

Therecontinuestobeasustainednationwideinterestintheadoptionofrooftopsolar.Figure

1:

Quarterly

installed

capacity

of

rooftop

solar

PV

inAustralia

since

2016

(unadjusteddata)Source:

CleanEnergyRegulatordata,AustralianEnergyCouncilanalysis,dataasof25October20234Figure

2

shows

new

installations

that

were

added

to

the

grid

by

state.

In

assessing

the

uptake

it'simportanttonotethatthedatareportedhasa12-monthlag,

andasaresult,

thefinalfiguresforthethird

quarter

of

2023areprojectedtobeapproximately

99,500newrooftopinstallations.

This

surgein

installations

is

expected

to

translate

into

a

total

installed

capacity

of

915

MW,

reflecting

thecontinued

robust

adoption

of

rooftop

solar

in

the

third

quarter

this

year.

In

line

with

previous

years,with

the

exception

of

Q3

2021,

the

third

quarter

is

expected

to

outperform

the

first

two

quarters

ofthe

year.

This

is

attributed

to

homeowners

taking

proactive

measures

in

spring

to

maximize

theiraccesstosolar

energy

duringthesummermonths.Figure

2:

Quarterly

installation

numbers

of

rooftop

solar

PV

in

Australia

since

2017(unadjusted

data)Source:

CleanEnergyRegulatordata,AustralianEnergyCouncilanalysis,dataasof25October

2023In

recent

years

there

has

been

a

notable

trend

towards

larger

system

sizes

as

technologyadvancements

and

decreasing

system

costs

took

hold

in

the

market.

However,

the

most

recent

datasuggests

system

sizes

may

be

plateauing.

As

at

September

2023,

the

average

system

size

forrooftop

solar

installations

is

estimated

to

be

around

9.3

kilowatts

(kW)

across

Australia.

This

figureis

the

same

as

September

last

year

and

only

a

small

increase

from

an

average

of

9.0

kW

inSeptembertwoyears

ago.

Severalfactorsmaybe

contributingto

thisshift.5Firstly,

technological

advancements

have

allowed

for

more

efficient

solar

panels

and

inverters,

whichcan

generate

more

electricity

within

the

same

physical

footprint.

This

has

enabled

homeowners

toachieve

higher

energy

production

without

necessarily

increasing

the

physical

size

of

their

solarinstallations.

Asaresult,theremaybelesspressuretocontinually

expandsystemsizes.Secondly,

there's

a

growing

emphasis

on

optimizing

the

size

of

solar

installations

to

match

ahousehold's

energy

needs.

Homeowners

and

businesses

are

now

better

informed

about

theirelectricity

consumption

patterns,

allowing

them

to

tailor

their

solar

systems

to

meet

their

specificrequirements.

Another

consideration

may

be

the

level

of

feed-in

tariffs

currently

available.

Thesetariffs

have

reduced

over

time

to

reflect

the

value

of

the

energy

to

thegrid

and

may

have

diminishedthefinancialincentiveforhouseholdstoinstalllarger

PVsystems.It's

worth

noting

that

the

average

system

size

figure

also

exhibits

regional

disparities,

as

shown

inTable

1

below,

with

some

areas

reporting

slightly

higher

or

lower

averages

due

to

specific

energydemands

and

policies.

Nevertheless,

the

increasing

popularity

of

rooftop

solar

due

to

the

desire

forenhancedenergyself-sufficiency,helpedfuelthe

growthinaveragesystem

sizesover

thetime.Table

1:

Average

unit

size

(kW)

of

rooftop

solar

system

in

Australia

by

states

in

Q3-

2023Source:

CleanEnergyRegulatordata,AustralianEnergyCouncilanalysis,dataasof25

October2023Battery

installations

with

rooftop

solarBy

the

end

of

the

third

quarter,

there

were

16,465

new

rooftop

PV

installations

equipped

withbatteriesregisteredto

theCleanEnergyRegulator

(CER)(seefigure3).Compared

to

the

previous

quarter,

the

latest

data

reveals

that

Victoria

has

surged

to

the

top

positionin

new

solar

and

battery

installations.

The

state

has

witnessed

a

significant

increase

with

the

additionof

1,517

new

combined

solar

with

battery

installations,

accounting

for

a

total

of

22.7

per

cent

of

the6national

combined

installations.

Meanwhile,

residents

of

New

South

Wales

are

also

makingsubstantial

strides

in

adopting

both

solar

and

battery

systems,

with

1,432

new

installations

registeredin

the

state.

The

state

year-to-date

total

accounts

for

20.2

per

cent

of

the

national

total,

closely

trailingbehind

Queensland,

which

stands

at

20.3

per

cent.

South

Australia

and

Western

Australia

added1,451

and

664

new

registered

combined

systems

during

the

quarter

respectively

and

sit

4

and

5

interms

of

total

installations.

Tasmania

had

a

total

of

240

registered

installations.

The

state

has

thelowest

number

of

registeredsolarwithbatterysystemsinthefirst

threequartersof

2023.Figure

3:

Number

of

solar

PV

installations

with

concurrent

battery

installations,

per

statesince

2014Source:

CleanEnergyRegulatordata,AustralianEnergyCouncilanalysis,dataasof25October2023SincethelastSolarReport,therehasbeenan

updateto

thegovernmentsupportavailableforsolarandbatterystorageinstallationsin

ACT

(seetable2).7Table

2:

Government

policiesPolicyIncentive(Solar&Battery)State/TerritoryEnergy

targetAustralianCapital

•

SustainableHouseholdScheme

•

todelivera70percentcut

inTerritory1provideszero-interestloans

tohelpwiththecostsof

energy-efficientupgrades,

includingsolar

panels

andbatteries.emissionsby2035comparedto2005levels••net

zeroby2050NewSouthWales

•

RebateSwapforSolar:

Theprogram

giveslow-incomenet

zeroby2050homeownersto

swapto

afree3kW

solarsystem.•Nospecificpolicyfornew

solaror

battery

installations.NorthernTerritory

•

HomeandBusinessBatterySchemeallows

residentsto

buyandinstallbatteriesand•50percentby2030inverterswithamaximum

grantof

$5,000(reducingfrom$6,000)from1July

2023iQueenslandSouthAustraliaTasmania••••Nospecificpolicy••50percentby2030100percentby2030NospecificpolicyNospecificpolicyVictoria4,500interest-freeloansof

up•65percentby2030to$8,800areavailablein

2023-

•

95percentby2035224.WesternAustralia

•

Nospecificpolicy1SustainableHouseholdScheme2Victorianrenewableenergyandstoragetargets,pagelastupdated15February,20238ELECTRIC

VEHICLESThemostrecentState

of

Electric

Vehicles

report

showedthatbyJune2023,Australiahadseenthesale

of

46,624

electric

vehicles

(EVs),

representing

a

269

per

cent

surge

compared

to

the

sameperiod

in

2022.

The

total

sales

figure

now

indicate

that

EVs

account

for

8.4

per

cent

of

all

new

carsales

in

Australia,

representing

a

substantial

120.5

per

cent

increase

when

compared

to

the

full

2022year.

Figure

4

shows

a

strong

preference

from

consumers

purchasing

battery

electric

vehicles(BEV),

over

plug-in

hybrid

electric

vehicles

(PHEVs).

BEV

accounted

for

more

than

83

per

cent(109,000

vehicles)

of

total

Australia’s

electric

car

fleet,

while

PHEV

accounts

for

less

than

one-fifthof

Australia’s

electric

carfleettotal

(roughly

21,000vehicles)

inthefirst

half

of

2023.Figure

4:

Electric

vehicles

sales

in

Australia

since

2011Source:

Stateof

EV,July20239Figure

5:

Share

of

EV

sales

in

AustraliaSource:

Stateof

EV,July2023Similar

to

solar

and

battery

storage,

state

and

territory

governments

in

Australia

have

also

introducedvarious

incentives

aimed

at

promoting

the

adoption

of

electric

vehicles.

These

incentives

encompassrebates

that

lower

the

initial

purchase

cost,

zero-interest

loans,

and

reductions

in

stamp

duty

andregistrationfees.ACTleads

thecountryonEVsales

at

21.8percent,followedbyTasmania

(9percent),

New

South

Wales

(9

per

cent),

Victoria

(8.5

per

cent

),

Queensland

(7.7

per

cent

),

WesternAustralia(7.5percent),SouthAustralia(6.5percent),andtheNorthernTerritory(2.4percent).Effect

of

having

solar

panels

and

owning

battery

electric

vehiclesWhile

EV

car

statistics

may

not

directly

provide

information

about

battery

and

solar

panelinstallations,

they

are

part

of

a

broader

ecosystem

of

clean

energy

technologies.

The

adoption

ofsolar

panels

is

often

motivated

by

the

desire

to

reduce

greenhouse

gas

emissions

for

heating,cooling,

and

other

private

electricity

consumption

requirements.

Similarly,

the

idea

of

owning

anelectricvehicleisalsoto

contribute

to

lowercarbonemissions.CombiningEVswithsolarpanelsforcharging

can

further

reduce

the

environmental

footprint

of

households

and

businesses.

A

researchstudy

on

“Effect

of

Having

Solar

Panels

on

the

Probability

of

Owning

Battery

Electric

Vehicle”

findsthat

there

is

a

significant

association

between

owning

PV

and

BEVs.

In

particular,

the

study

showsthathavingsolarpanelincreasestheprobabilityof

havingaBEVby34per

cent,onaverage.The

benefits

of

energy

cost

savings

associated

with

solar

panels

and

fuel

savings

from

BEVs

arealso

factors

in

encouraging

the

combined

uptake.

Solar

panels

can

significantly

reduce

electricitybills.

When

solar

panel

owners

combine

their

energy

generation

with

BEV

ownership,

they

can10charge

their

vehicles

with

self-generated,

low-cost

electricity,

further

reducing

their

transport

costsalongwiththeoverallhouseholdcosts.Government

policiesGreater

electrification

in

sectors

like

transport

is

achievable

and

will

be

an

important

ingredient

insuccessfully

getting

that

sector’s

carbon

emissions

down.

Encouraging

the

expansion

of

charginginfrastructure,

including

smart

chargers

in

homes,

EVs

in

commercial

and

government

fleets

and

theconsideration

of

tariff

reforms

to

better

integrate

EVs

into

the

grid

are

all

positive

measures

that

havepreviously

been

announced

by

the

Federal

Government.

If

households

increase

their

electricityproduction

by

installing

additional

or

more

efficient

PV

to

be

able

to

charge

their

battery

electricvehicles(BEV),thiscouldbepart

of

futureelectricityprovision.

TheannualState

of

Electric

Vehiclereport

argues

that

current

Government

policies

and

incentives

that

encourage

EV

adoption

fall

shorton

measures

to

accelerate

the

adoption

of

electric

cars,

trucks

as

well

as

heavy

commercial

vehicles.Freighttransportnetworks

andsupplychainspresent

particularchallengesforreducingemissions.Inthenearfuture,thegrowing

supplyof

second-handEVs,

aswellasabroaderrangeof

newEVs,can

be

expected

to

make

affordable

electric

vehicles

more

accessible

to

a

wider

audience.Supportivepolicies

are

likely

to

play

apart

inrealisingthis.11LEVELISEDCOSTOFENERGYThe

Levelised

Costof

Energy

(LCOE)

is

the

cost

ofenergy

per

kilowatt

hour

(kWh)

produced.

Whenthisisequalto

orbelow

thecost

consumers

paydirectlyto

suppliers

for

electricity,

thisiscalledgridparity.

Table

2

shows

the

LCOE

for

solar

in

Australia’s

major

cities,

indicative

retail

prices

and

currentFeed-in

tariff

(FiT)

rates.

The

detailed

methodology

can

be

found

in

the

Appendix.The

retail

comparison

rates

are

representative

variable

rates

and

do

not

include

supply

charges.

Forall

capital

cities,

excluding

Perth

and

Hobart,

retail

prices

are

based

on

the

implied

usage

chargesfrom

St

Vincent

de

Paul’s

tracking

of

market

offers,

which

was

last

updated

in

July

2022.

Perth

pricesare

regulated

and

obtained

from

Synergy.

Hobart

prices

were

obtained

from

Aurora

Energy’s

Tariff31,

while

Darwin

prices

are

obtained

from

Jacana

Energy’s

regulated

residential

usage

charges.Tables

3,

4and5showtheLCOEacross

major

cities

atdifferent

discountrates.Table

2:

Central

estimate:

4.97

per

cent

discount

rate

(ten-year

average

mortgage

rate)Allfiguresin$/KWhSystemSize5kWRetailpricesFIT3kW$0.09$0.10$0.11$0.11$0.14$0.12$0.11$0.094kW$0.09$0.10$0.09$0.12$0.13$0.11$0.10$0.086kW$0.08$0.09$0.08$0.11$0.12$0.10$0.08$0.087kW$0.08$0.09$0.08$0.11$0.11$0.10$0.08$0.0810kW$0.08$0.09$0.08$0.10$0.12$0.09$0.08$0.08AdelaideBrisbaneCanberraDarwinHobartMelbourneSydney$0.08$0.09$0.08$0.11$0.12$0.10$0.09$0.08$0.42$0.09$0.13$0.08$0.08$0.11$0.06$0.08$0.07$0.31$0.26$0.28$0.30$0.31$0.35$0.31PerthSource:

AustralianEnergyCouncilanalysis,October

2023Table

3:

Low

cost

of

capital

sensitivity:

6.59

per

cent

discount

rate

(low

current

standardvariable

rate)Allfiguresin$/KWhSystemSize5kWRetailpricesFIT3kW$0.10$0.11$0.12$0.12$0.15$0.13$0.11$0.094kW$0.09$0.10$0.10$0.13$0.14$0.12$0.10$0.086kW$0.08$0.09$0.09$0.12$0.12$0.10$0.09$0.087kW$0.09$0.09$0.09$0.12$0.12$0.10$0.09$0.0810kW$0.09$0.09$0.08$0.11$0.12$0.10$0.09$0.09AdelaideBrisbaneCanberraDarwinHobartMelbourneSydney$0.09$0.10$0.09$0.12$0.13$0.11$0.09$0.08$0.42$0.09$0.13$0.08$0.08$0.11$0.06$0.08$0.07$0.31$0.26$0.28$0.30$0.31$0.35$0.31Perth12Source:

AustralianEnergyCouncilanalysis,October

2023Table

4:

High

cost

of

capital

sensitivity:

16.83

per

cent

discount

rate

(indicative

personalloan

rate)Allfiguresin$/KWhSystemSize5kWRetailpricesFIT3kW$0.15$0.17$0.18$0.20$0.24$0.21$0.17$0.144kW$0.13$0.15$0.15$0.20$0.21$0.17$0.15$0.126kW$0.12$0.14$0.12$0.19$0.19$0.15$0.12$0.127kW$0.12$0.13$0.13$0.18$0.18$0.15$0.13$0.1210kW$0.13$0.13$0.12$0.16$0.19$0.14$0.13$0.13AdelaideBrisbaneCanberraDarwinHobartMelbourneSydney$0.13$0.14$0.13$0.19$0.20$0.16$0.14$0.12$0.42$0.09$0.13$0.08$0.08$0.11$0.06$0.08$0.07$0.31$0.26$0.28$0.30$0.31$0.35$0.31PerthSource:

AustralianEnergyCouncilanalysis,October

2023Small

and

large

business

-

Levelised

cost

of

electricityTables

5

and

6

show

the

estimated

cost

of

electricity

production

for

commercial-sized

solar

systems.Asbusinesses

look

to

reduce

overhead

costs,

installation

of

larger-scale

solar

systems

continues

toincrease.Business

tariffs

differ

to

residential

retail

tariffs.

Depending

on

the

size

of

the

customer

and

theamount

of

energy

used,

businesses

can

negotiate

lower

prices.

If

a

business

was

to

consume

allelectricity

onsite,

the

electricity

prices

in

Tables

5

and

6

would

represent

the

cost

per

kWh

ofconsumption

from

the

energy

generated

from

the

different

system

sizes

listed.

For

businesses,installation

occurs

if

the

benefits

of

installation

outweigh

the

cost.

The

average

electricity

bill

forindustrialbusinessesin2014-15was10.72c/kWhii.Table

5:

Central

estimate:

5.55

per

cent

discount

rate,

ten-year

average

small

businessinterest

rateAllfiguresin$/KWhSystemSize50kW$0.0910kW$0.09$0.09$0.09$0.12$0.10$0.10$0.0930kW$0.09$0.09$0.09$0.10$0.10$0.09$0.0870kW$0.09$0.09$0.09$0.10$0.10$0.09$0.08100kW$0.09$0.09$0.08$0.09$0.09$0.09$0.08AdelaideBrisbaneCanberraHobartMelbourneSydney$0.09$0.09$0.10$0.10$0.09$0.09PerthSource:

AustralianEnergyCouncilanalysis,October

202313Table

6:

Central

estimate:

4.62

per

cent

discount

rate,

ten-year

average

large

businessinterest

rateAllfiguresin$/KWhSystemSize50kW$0.0910kW$0.09$0.09$0.08$0.11$0.10$0.09$0.0930kW$0.09$0.08$0.09$0.10$0.09$0.09$0.0870kW$0.09$0.09$0.08$0.10$0.09$0.09$0.08100kWAdelaideBrisbaneCanberraHobartMelbourneSydney$0.08$0.08$0.08$0.09$0.09$0.08$0.08$0.09$0.08$0.10$0.10$0.09$0.09PerthSource:

AustralianEnergyCouncilanalysis,October

202314PAYBACKPERIOD,DETAILED

MODELThe

payback

period

is

defined

as

the

year

when

the

cumulative

savings

are

greater

than

thecumulativecostsof

asolarPVsystem.Savingsrepresent

theavoidedcostof

consumptionandanyrevenue

received

from

FiTs.

The

cumulative

cost

incurred

represents

the

initial

investment

and

thetimevalueofmoney.Adetailedmethodologyis

containedin

Appendix

2.Althoughtheinstallationofsolarpanels

typicallyinvolvesaninitialinvestment,

customerswhohavethem

benefit

from

reduced

electricity

bills.

This

is

achieved

by

lowering

their

reliance

on

gridelectricity

and

selling

surplus

electricity

back

to

the

grid

in

exchange

for

solar

feed-in

tariff

credits.Nevertheless,

it's

essential

to

note

that

solar

feed-in

tariff

rates

have

declined

in

all

regionsnationwide.

When

selecting

an

energy

plan,

customers

with

solar

panels

should

assess

their

choicesbased

on

their

historical

electricity

consumption

and

the

amount

of

solar

energy

they

export.

It'simportant

to

remember

that

an

energy

plan

offering

the

highest

solar

feed-in

tariff

may

not

alwaysbe

the

most

cost-effective

choice

overall,

as

it

could

involve

higher

supply

and

usage

chargescomparedto

otherplans.Figure

6

highlights

the

payback

period

for

different

system

sizes

across

Australia.

Note

that

electricityprices

are

subject

to

change

with

consumer

price

index

(CPI)

levels

and

therefore

will

affect

thepayback

period.

Many

retailers

offer

higher

solar

FiTs,

which

help

to

offset

the

impact

of

higher

pricesin

somestates

anddeliver

savingsto

customers

withsolarpanels.Thelow

paybackperiodsacrossmany

cities

further

highlights

the

greater

encouragement

for

customers

to

install

solar

PV.

However,the

persistent

high

interest

rates

in

Australia,

along

with

minimal

price

differences

in

the

cost

of

thesystems,

do

not

have

a

significant

impact

on

the

payback

period

when

compared

to

the

previousquarter.15Figure

6:

Payback

period

for

solar

PV

(6.59

per

cent

discount

rate)10503kW4kW5kWSource:

AustralianEnergyCouncilanalysis,October2023Figure

7

shows

the

expected

payback

period

for

systems

with

a

4.97

per

cent

discount

rate

(10-yearaverage

home

loan

rate).

Melbourne

sees

a

strong

incentive

to

install

a

5kW

system

rather

than

a3kW

or

4kW

unit

size.

This

can

reduce

the

payback

time

by

three

years

for

a

5kW

system

comparedto

a3kW

system.Adelaide,Brisbane,

SydneyandPerthshowno

change

inpaybackperiodswith

ahigher

interestrate.Figure

7:

Payback

period

for

solar

PV

(4.97

per

cent

disc