This study reviews the current status and future trends of Australiaâs Solar Water Heater and Heat Pump Industry. In recent years, solar water heaters in Australia have progressed from a niche market to become a mainstream high volume, low margin product. In 2010, it was estimated that over 10% of Australian households used solar energy for heating water - a 167% rise since 2005.
The study also quantifies the environmental and economic benefits of this high uptake. Switching from electric solar water systems to solar hot water systems saves 3 tonnes of greenhouse gas emissions per year, which is far more than competing alternatives. The industry has also created over 1200 jobs in manufacturing and 6000 jobs in distribution, sales and installation.
As the study details, this is will supported by governmental initiatives such as the Renewable Energy Bonus Scheme, which provides a rebate for eligible home-owners, landlords or tenants to replace their electric storage hot water systems and heat pump hot water systems. The study closes by looking to future market prospects, and is firm in its conviction that greenhouse gas-intensive water heaters can be completely phased-out of Australian households.
Author: Mito Energy (prepared for Clean Energy Council)
Download the document here, or read it below: