Analysis reveals millions of Australian households are missing out on substantial savings by not adopting energy-efficient upgrades. Simple changes like insulation, solar panels, and home batteries can save households over $3000 per year collectively totaling over $23 billion annually. Experts and advocates call for greater government subsidies to encourage the switch to renewable energy and alleviate the cost-of-living crisis.
Australian households could save more than $3000 a year on power bills by making simple energy-efficiency upgrades including insulation, solar panels and home batteries.
By also installing solar panels and a battery, households could save an average of $3039 a year, the analysis found. “The reason why solar has been so successful in Australia, and there are now 4 million homes in Australia with solar rooftops, is because solar is eye-wateringly cheap,” he said. The couple acknowledge they are fortunate to have been able to afford solar panels and a hot water heat pump, which they credit for their annual power bills of $1000.
Environment Finance ENERGY EFFICIENCY RENEWABLE ENERGY SOLAR PANELS HOME BATTERIES COST SAVING
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