Australian solar energy software company Solar Analytics announced that it has received $2.1M in funding from the Australian Renewable Energy Agency to support the development and roll-out of smart monitoring for residential solar in the country. The four-year project that was started by ARENA funding will lead to 25, 000 homes from solar-monitoring technology by the year 2020. The funding for Solar Analytics is part of ARENA’s Advancing Renewables Programme a $50M fund that is designed to support projects that will cut costs and increase the use of renewable-energy technologies. The monitoring technology can enhance the energy yield of a rooftop solar system by over 15%. It can also build up the financial return on residential solar power systems and spur the solar market because of the increased financial returns and engagements of customers. Click here to read the full story on PV Tech
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