Harvey Norman going solar

Harvey Norman has thrown its support behind solar panel importer CBD Energy with a large order it says will position the discounter as a market leader.

The deal is expected to deliver enough units to power 2300 homes with the Solar Instant Connect technology, and will result in Westinghouse’s 2012 shipments more than doubling 2011’s.

It is also a record order for the panel maker, Westinghouse Solar, which CBD is considering merging with.

News of the order for five megawatts of rooftop panels sent CBD stock 15 per cent higher, before it settled 4 per cent higher at 4.7c.

In a statement, Harvey Norman commercial division franchisee Alan Stephenson said strong demand for solar installations was being driven by rising electricity prices.

The newly ordered panels are expected to receive Australian certification in August.

A number of studies commissioned by the Federal Government indicate that demand for rooftop solar will continue despite the withdrawal of subsidies and expected cuts to feed-in-tariffs.

Clean Energy Council figures show about 60 megawatts of panels are installed each month.

Advertisment - Learn more

Harvey Norman shares eased 1 per cent, or 2c, to $1.88 yesterday.

The Author

×

Simon from Dakabin, Queensland asked for 3 quotes for solar about 12 hours ago!

William from Clifton Springs, Victoria asked for 3 quotes for solar about 12 hours ago!

Henry from Menai, New South Wales asked for 3 quotes for solar about 19 hours ago!

Margaret from Caloundra West, Queensland asked for 3 quotes for solar about 21 hours ago!

Julie from Hamilton, Victoria asked for 3 quotes for solar 2 days ago!

Riki from Point Cook, Victoria asked for 3 quotes for solar 2 days ago!

John from Carrum Downs, Victoria asked for 3 quotes for solar 3 days ago!

Lee from Upper Ferntree Gully, Victoria asked for 3 quotes for solar 3 days ago!

Dennis from Glenbrook, New South Wales asked for 3 quotes for solar 3 days ago!

Mary from Heidelberg Heights, Victoria asked for 3 quotes for solar 4 days ago!

Babita from Rockbank, Victoria asked for 3 quotes for solar 4 days ago!

Babita from Rockbank, Victoria asked for 3 quotes for solar 4 days ago!

Jill from Cooee Bay, Queensland asked for 3 quotes for solar 4 days ago!

John from Mildura, Victoria asked for 3 quotes for solar 4 days ago!

leslie from Wondecla, Queensland asked for 3 quotes for solar 5 days ago!

Yelda from Matraville, New South Wales asked for 3 quotes for solar 6 days ago!

Leslie5 from Wondecla, Queensland asked for 3 quotes for solar 6 days ago!

David from Doncaster East, Victoria asked for 3 quotes for solar 7 days ago!

Jaga from Margate, Queensland asked for 3 quotes for solar 1 week ago!

Carolyn from North Melbourne, Victoria asked for 3 quotes for solar 1 week ago!