Brisbane was seen to have potential in capitalising solar power's more competitive pricing, according to pundits.
A research conducted by the Australian PV, a non-profit solar energy company, and the University of New South Wales has revealed the potential of Brisbane's CBD to be able to produce remarkable savings.
"We've done this stocktake of the solar potential of Brisbane's CBD and from that we've worked out that Brisbane could install 188 megawatts of solar on the rooftops of the CBD and produce enough power to meet 11 percent of demand of the CBD," said Renate Egan, the Institute's chair.
"This could be done with upfront investment of about $200 million and would payback in electricity repayments $30 million a year."
So the institute could start stock-taking, they calculated the how much energy can be generated from a roof located in Brisbane CBD by using a Solar Potential Map.
The results of the calculations showed that the chances of roofs to have solar panels installed are close to 50 percent.
"We've started with Brisbane CBD because Brisbane and Queensland are really proactive around solar," she said.
"Queensland has got the largest update of solar in Australia, with 1.6 gigawatts of solar installed in Brisbane [and] in Queensland, and they have a target of getting to three gigawatts by 2020."
Egan added that they have engaged with Queensland government to provide the initial upfront funding so that the solar panels can be installed at Suncorp Stadium, the Queensland Performing Arts Centre (QPAC), and other government buildings.
"Anything that helps achieve our renewable energy target of 50 per cent by 2030 is being considered," a spokesman for Queensland's Energy Minister Mark Bailey said in a statement.
"Queensland already has one of the highest penetrations of rooftop solar panels in the world, and [those] solar rooftops combined are the second largest power station in Queensland."
With the institute's initiative to spearhead a project that will involve renewable energy is a big decision, after what Google did last year. This big step will definitely help Mother Earth and at the same time, the budget that will be reduced after the investment has started to roll. Solar outsourcing services should get prepared to assist new clients and investors entering the field of renewable energy.