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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.
“Home building materials have continued to experience only modest cost increases, up by 1.6 per cent in the 2024/25 financial year,” stated HIA Senior Economist, Maurice Tapang.
“Today’s interim report from the Productivity Commission overwhelmingly backs what HIA has long been saying - that the regulatory burden on businesses is getting worse in this country and there is need for a major overhaul on the approach to regulation,” said HIA Managing Director, Jocelyn Martin.
“The Housing Industry Association (HIA) welcomes the release of the Queensland Productivity Commission’s interim report into construction productivity It is a significant and necessary step toward overcoming the housing supply challenges facing Queensland,” said Michael Roberts, HIA Executive Director Queensland.
“New home building approvals in the 2024/25 financial year were up by 13.9 per cent compared to their 2023/24 trough,” stated HIA Senior Economist Tom Devitt.