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|Headquarters||Melbourne, Victoria, Australia|
|David McCallum (Managing Director)|
|A$43.3 million (2011)|
Number of employees
True Value Solar was an Australian solar systems sales company, which was founded in 2009 and ceased operations in late 2018.In 2011 German-based M+W Group bought a majority stake in True Value, and bought True Value's remaining 35 per cent of shares in 2013.
The core business of the company was as a sales company of rooftop solar power systems, with installation and perhaps responsibility for issues by contractors. It operated in all major states in Australia except for the Northern Territory and Australian Capital Territory, although it had no office in Tasmania.
On 11 April 2016, the Australian Competition & Consumer Commission (ACCC) reported that True Value Solar ceased offering its customers incentives for publishing positive online reviews, following an investigation.On 4 November 2011, the ACCC reported that True Value Solar paid two infringement notices totalling $13,200 and provided a court enforceable undertaking regarding misleading advertising.
In March 2013, True Value Solar became fully owned by German-based M+W Group, after the engineering and construction firm bought True Value's remaining 35 per cent shareholding. M+W was already the majority shareholder in the rooftop solar specialist, having bought 65 per cent of the company in 2011.
In March 2011 German engineering firm M+W Group announced that it had purchased a majority stake in National Solar Group, the parent company of True Value Solar at the time.
The rooftop solar industry in Australia is one of the biggest in the world. With over 1 million residential systems installed throughout the country, the solar sales market is one of the most competitive.
The top ten solar system sales companies in Australia as of April 2017 according to Green Energy Markets include Euro Solar in number one place with around 6.5% of all sales, Powerark (wholesaler/distributor), SolarGain, Origin Energy, AGL Energy, with True Value Solar dropping to tenth place with only around 1% of sales.
The Australian Competition and Consumer Commission (ACCC) is a competition regulator in Australia. It is a regulatory commission of the Australian Government, under the Treasury. It was established in 1995 with the amalgamation of the Australian Trade Practices Commission and the Prices Surveillance Authority to administer the Trade Practices Act 1974, which was renamed the Competition and Consumer Act 2010 on 1 January 2011. Its mandate is to protect consumer rights and business rights and obligations, to perform industry regulation and price monitoring, and to prevent illegal anti-competitive behaviour.
Photovoltaics (PV) is the conversion of light into electricity using semiconducting materials that exhibit the photovoltaic effect, a phenomenon studied in physics, photochemistry, and electrochemistry. The photovoltaic effect is commercially utilized for electricity generation and as photosensors.
TPG is an Australian internet service provider that specialises in consumer and business internet services as well as mobile telephone services. As of August 2015, TPG is the second largest internet service provider in Australia and is the largest mobile virtual network operator. As such, it has over 671,000 ADSL2+ subscribers, 358,000 landline subscribers and 360,000 mobile subscribers, and owns the second largest ADSL2+ network in Australia, consisting of 391 ADSL2+ DSLAMs. It also operates in New Zealand and Singapore.
Net metering is an electricity billing mechanism that allows consumers who generate some or all of their own electricity to use that electricity anytime, instead of when it is generated. This is particularly important with renewable energy sources like wind and solar, which are non-dispatchable. Monthly net metering allows consumers to use solar power generated during the day at night, or wind from a windy day later in the month. Annual net metering rolls over a net kilowatt-hour (kWh) credit to the following month, allowing solar power that was generated in July to be used in December, or wind power from March in August.
Solar power in Australia is a fast growing industry. As of September 2021, Australia's over 2.96 million solar PV installations had a combined capacity of 23,466 MW photovoltaic (PV) solar power, of which at least 4,117 MW were installed in the preceding 12 months. In 2019, 59 solar PV projects with a combined capacity of 2,881 MW were either under construction, constructed or due to start construction having reached financial closure. Solar accounted for 9.9% of Australia's total electrical energy production in 2020.
Building-integrated photovoltaics (BIPV) are photovoltaic materials that are used to replace conventional building materials in parts of the building envelope such as the roof, skylights, or facades. They are increasingly being incorporated into the construction of new buildings as a principal or ancillary source of electrical power, although existing buildings may be retrofitted with similar technology. The advantage of integrated photovoltaics over more common non-integrated systems is that the initial cost can be offset by reducing the amount spent on building materials and labor that would normally be used to construct the part of the building that the BIPV modules replace. In addition, BIPV allows for more widespread solar adoption when the building's aesthetics matter and traditional rack-mounted solar panels would disrupt the intended look of the building. These advantages make BIPV one of the fastest growing segments of the photovoltaic industry.
First Solar, Inc. is an American manufacturer of solar panels, and a provider of utility-scale PV power plants and supporting services that include finance, construction, maintenance and end-of-life panel recycling. First Solar uses rigid thin-film modules for its solar panels, and produces CdTe panels using cadmium telluride (CdTe) as a semiconductor. The company was founded in 1990 by inventor Harold McMaster as Solar Cells, Inc. and the Florida Corporation in 1993 with JD Polk. In 1999 it was purchased by True North Partners, LLC, who rebranded it as First Solar, Inc.
Solar power in Germany consists almost exclusively of photovoltaics (PV) and accounted for an estimated 8.2 percent of the country's gross-electricity generation in 2019. About 1.5 million photovoltaic systems were installed around the country in 2014, ranging from small rooftop systems, to medium commercial and large utility-scale solar parks. Germany's largest solar farms are located in Meuro, Neuhardenberg, and Templin with capacities over 100 MW.
Financial incentives for photovoltaics are incentives offered to electricity consumers to install and operate solar-electric generating systems, also known as photovoltaics (PV).
Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV), indirectly using concentrated solar power, or a combination. Concentrated solar power systems use lenses or mirrors and solar tracking systems to focus a large area of sunlight into a small beam. Photovoltaic cells convert light into an electric current using the photovoltaic effect.
Consolidated Media Holdings (CMH) was an Australia investment company focused on subscription television.
Feed-in tariffs in Australia are the feed-in tariffs (FITs) paid under various State schemes to non-commercial producers of electricity generated by solar photovoltaic (PV) systems using solar panels. They are a way of subsidising and encouraging uptake of renewable energy and in Australia have been enacted at the State level, in conjunction with a federal mandatory renewable energy target.
Grid parity occurs when an alternative energy source can generate power at a levelized cost of electricity (LCOE) that is less than or equal to the price of power from the electricity grid. The term is most commonly used when discussing renewable energy sources, notably solar power and wind power. Grid parity depends upon whether you are calculating from the point of view of a utility or of a retail consumer.
Solar power in California includes utility-scale solar power plants as well as local distributed generation, mostly from rooftop photovoltaics. It has been growing rapidly because of high insolation, community support, declining solar costs, and a Renewable Portfolio Standard which requires that 33% of California's electricity come from renewable resources by 2020, and 60% by 2030. Much of this is expected to come from solar power via photovoltaic facilities or concentrated solar power facilities.
Turkey is located in an advantageous position in the Middle East and Southeast Europe for solar energy. Solar potential is very high in Turkey, especially in the South Eastern Anatolia and Mediterranean provinces. Conditions for solar power generation are comparable to Spain. 7.5 TWh was generated in 2018 which was 2.5% of Turkey's electricity. Installed capacity was 5GW, with the Energy Ministry planning to have another 10GW installed in the 2020s. However solar power in Turkey could increase far more quickly if subsidies for coal were abolished and the auction system was improved. Every gigawatt of solar power installed would save over 100 million USD on the gas bill.
A rooftop photovoltaic power station, or rooftop PV system, is a photovoltaic (PV) system that has its electricity-generating solar panels mounted on the rooftop of a residential or commercial building or structure. The various components of such a system include photovoltaic modules, mounting systems, cables, solar inverters and other electrical accessories.
A grid-connected photovoltaic system, or grid-connected PV system is an electricity generating solar PV power system that is connected to the utility grid. A grid-connected PV system consists of solar panels, one or several inverters, a power conditioning unit and grid connection equipment. They range from small residential and commercial rooftop systems to large utility-scale solar power stations. Unlike stand-alone power systems, a grid-connected system rarely includes an integrated battery solution, as they are still very expensive. When conditions are right, the grid-connected PV system supplies the excess power, beyond consumption by the connected load, to the utility grid.
Solar power in South Africa includes photovoltaics (PV) as well as concentrated solar power (CSP). In 2016, South Africa had 1,329 MW of installed solar power capacity. Installed capacity is expected to reach 8,400 MW by 2030.
Solar power in Georgia on rooftops can provide 31% of all electricity used in Georgia.
Dutton Group is an Australian-based automotive company headquartered in Richmond, Victoria. The Group specializes in the automotive wholesale and the pre-owned automotive market. Dutton group consists of three major companies, Dutton Garage, Dutton Garage Wholesale, and Sell Your Car Fast. They were previously the parent company of True Value Solar before it was sold in 2011.