How large is the solar market?

By 2024–25 solar PV is forecast to generate 7.5 per cent of total energy requirements.

Government subsidies and incentives, combined with
rising electricity prices, encouraged almost 1.5 million
Australian households to install small scale solar PV systems
from 2009 to 2015. Installed solar PV capacity reached
3700 megawatts (MW) in 2014–15, equivalent to 8 per cent
of total installed generation capacity in the NEM. Solar PV
installations supplied 2.7 per cent of electricity requirements
in the NEM in that year.2 In South Australia, the solar PV
contribution was 7 per cent,
solar installations will more than triple over the next
decade, with capacity equalling 21 per cent of total
installed generation in the NEM by 2024–25. This capacity
will contribute around 7.5 per cent of the NEM’s energy
requirements at that time.