What is the energy savings scheme (ESS)?
The Energy Savings Scheme (ESS) aims to deliver cost-effective energy savings for NSW households and businesses by providing financial incentives to install energy-efficient equipment and appliances. The Energy Savings Scheme also incentivises energy retailers and large energy users to reduce their use of fossil fuels.
How much will Australia spend on energy upgrades in ?
In the –24 Budget, the Australian Government allocated $1.3 billion to establish the Household Energy Upgrades Fund. The Clean Energy Finance Corporation will have $1 billion to partner with banks and other lenders to offer low-cost finance and mortgages for energy performance upgrades to more than 110,000 homes.
What funding and finance solutions do we need?
Seven funding and finance solutions are recommended, including: Establishing a Special Purpose Funding Vehicle, with an initial Federal Government injection of $2 billion, topped up by other sources, to invest in deep and rapid energy performance and climate-resilience retrofit programs, tailored across low-income housing tenure types.
Does South Australia have a special purpose finance vehicle?
Case Study: South Australia Government have in place a Special Purpose Finance Vehicle in partnership with the CEFC, ARENA and Tesla to deliver solar and batteries to social housing. Noting the advantage of solar and batteries is it is relatively straight forward to identify return on investment. Does not rely solely on government funds.
Are community housing providers able to do energy performance and climate-resilience retrofits?
Typically, Community Housing Providers do not have project development, delivery expertise and capacity to do energy performance and climate-resilience retrofits. Lack of appropriate rating tools to support energy performance and climate resilience retrofits. Lack of verification and certification processes.
How much will Australia spend on a new energy skills program?
The Government has also set aside $9.6 million over 4 years from -23 for a New Energy Skills Program to provide additional training pathways. Jobs and Skills Australia will develop a Clean Energy Capacity Study, providing evidence and insights to support Australia’s clean energy sector workforce.
Housing | Budget –26
The Government is supporting a pipeline of 55,000 social and affordable homes through initiatives like the Housing Australia Future Fund (HAFF) and the Social Housing Accelerator.
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