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“Australia has been world leaders in the uptake of solar panels on our homes, but they are only part of the energy puzzle in providing ‘energy generation’ component, and household batteries provide the essential ‘energy storage’ side to power the home.
“It is understood that one in three Australian households have solar panels, but only one in 40 have a battery, highlighting the significant opportunity household batteries present to reduce reliance on power from the grid.
“A significant barrier in the uptake of household batteries, is their large upfront costs and this scheme can be important in boosting uptake by providing home owners with a 30 per cent discount off the upfront costs.
“Australian homes now have over 4 million solar panels installed and these have been installed through a range of rebates and incentives, which shows how important targeted subsidy or rebate programs can be in driving change.
“We look forward to working with the government on the design of the scheme to ensure that it can accessed for both our new home builds and existing housing stock.
“Equally it is important that this scheme ensures it focusses on supporting Australian manufacturers and suppliers in providing these batteries into our homes.
“HIA has been advocating on the importance of holistic consideration of the issue on Australia’s decarbonisation journey and that the focus should be on creating market conditions conducive to voluntary electrification including incentives such as those announced today.
“These type of schemes, have proved to be far more effective than hard wiring in policy changes that includes bans or blanket mandates which are costly and intrusive and limit home owner choices,” concluded Mr Croft.
“The NSW Government has taken an important step toward improving housing supply. Other states should now follow its lead and remove foreign investor taxes that discourage the construction of new homes,” said HIA Chief Economist Tim Reardon.
Housing Industry Association (HIA) Industry Outlook Breakfast in Newcastle and Gosford have highlighted the critical role of infrastructure, planning reform and industry support in addressing housing supply challenges across the Hunter and Central Coast regions.
The Housing Industry Association (HIA) is calling on all political parties contesting the November State election to make regional housing a priority, placing regional communities and their growing populations front and centre of their pre-election policy commitments.
“HIA welcomes the initiatives to support new housing announced by the Treasurer as part of today’s NSW State Budget,” said Brad Armitage HIA NSW Executive Director.