Solar power in New Zealand is increasing in capacity, despite no government subsidies or interventions being available. As of the end of April 2024, New Zealand has 420 MW of grid-connected photovoltaic (PV) solar power installed, of which 146 MW (35%) was installed in the last 12 months.[1] In the 12 months to December 2023, 372 gigawatt-hours of electricity was estimated to have been generated by grid-connected solar, 0.85% of all electricity generated in the country.[2]
Although there are no subsidies, the declining costs of photovoltaics has caused a large increase in demand over the last few years. In 2009, the average turnkey price for a standard PV system of three kilowatts (kW) was about NZ$40,000; by 2019 this had dropped to approx. NZ$8,500.[3]
- ^ "Installed distributed generation trends". Electricity Authority. Retrieved 2024-03-22.
- ^ "Electricity statistics | Ministry of Business, Innovation & Employment". www.mbie.govt.nz. Retrieved 2024-03-22.
- ^ "The Big Reveal: The Growth Of Solar Power In New Zealand – From 2013 To 2019". My Solar Quotes. 11 December 2019.