Why Commercial Solar Had Its Best Year Ever in 2024

Australia’s Commercial Solar Market Continues to Surge

The Australian commercial solar sector experienced record-breaking growth in 2024, driven by strong demand in the 15-30kW and 1-5MW segments. According to the 2025 Annual SunWiz PV Market Report, the commercial and industrial (C&I) solar sector saw its best-performing year ever, highlighting the increasing reliance on solar for business cost reduction, sustainability goals, and energy independence.

Key Factors Driving Commercial Solar Growth

📈 15-30kW Installations Dominated the Market

  • This segment was the fastest-growing, reflecting strong demand from small to medium-sized enterprises (SMEs) looking to reduce operational expenses and secure long-term energy price stability.

🏭 1-5MW Rollouts on the Rise

  • Large commercial operations and industrial sites invested heavily in solar to reduce peak demand charges and improve energy self-sufficiency, especially noticable in corporate rollouts.

🔹 Declining Solar System Prices

  • The falling cost of PV modules and BOS (Balance of System) components improved return on investment (ROI) for businesses.

🔹 STC and LGC Market Contributions

  • The Small-Scale Technology Certificates (STC) and Large-Scale Generation Certificates (LGC) markets played a key role in subsidizing commercial installations, keeping investment costs competitive.

🔹 New Buildings

  • Many new commercial buildings are putting solar up as soon as their roof is on!

🔗 Read our full analysis in the 2025 Annual SunWiz PV Market Report and stay ahead of the trends!