Commercial

Commercial

The 2024 Annual SunWiz Australian PV Report has been released. Here’s what it has to say about the market for commercial solar energy:

  • The STC commercial market grew by 25% in 2023, considerably faster than the residential market’s 11% growth. 
  • That led to record volumes of 15-100kW commercial systems in 2023.
  • The market size of commercial systems in the 101-10,000 kW range performed marginally better than in 2022 but 15% below its peak in 2021. 
  • The overall commercial market (15kW-10MW) hit 952MW, 15% above its 2022 tally and beating its 2021 record by 0.4%.
  • There was some significant shifting in the ranks for commercial PV. The combined STC and LGC volume of some commercial specialists like AGL & EnergyAware was enough to leapfrog many pure-play residential retailers and rank companies in the Top 10 companies overall. (Many of the companies listed below owe their appearance in the league table to reporting data to SunWiz)
  • Woolworths as the leading corporate installer of commercial PV in 2023, with far more deployment than their rival. Bunnings also added plenty of PV in 2023. We anticipate many more will follow in 2024 as corporations match their actions to their decarbonisation commitments.