Energy Efficiency Economics & Markets

Development of Solar Hot Water Business Models

Client: Sustainable Energy Authority Victoria and the City of Melbourne

EnergyConsult undertook a review of potential business and financial models which could be used to increase the market penetration of solar hot water systems in Victoria. A review of international solar development programs was conducted and the factors determining the success of different business models determined. A cost-benefit analysis and financial models and scenarios were developed to evaluate the probable success of several business models. Interviews with stakeholders in the Victorian solar, energy and financial sectors were conducted to establish the parameters affecting interest and probably success of several solar business models and relevant market research was reviewed. Findings were reported and recommendations to increase the penetration of solar hot water systems were made.