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Grants for homes ‘save billions on big energy projects’

Grants for renewable home energy would save tens of billions on large-scale projects, a report says.

By Jennifer Dudley-Nicholson

Each household should be offered up to $6500 to install grid-connected solar batteries and landlords incentivised to join the renewable energy revolution, a report has found.

The Clean Energy Council made the recommendations in a study released on Tuesday that investigates the impact solar panels, home batteries and other consumer assets could have on Australia’s electricity market.

The report, which includes modelling from Oakley Greenwood, also found failing to adequately support household renewable energy investments could cost the nation more than $22 billion and 18,200 extra jobs by 2050.

It comes amid fierce political debate over the future of Australia’s energy resources, and weeks after the CSIRO released research showing renewable energy such as solar and wind would cost less than nuclear.

The council’s Powering Homes, Empowering People report examined how consumer energy resources could reduce costs in the electricity system.

It found supporting households to take up renewable energy generation and storage devices, at the rate recommended by the Australian Energy Market Operator, would save $20 billion otherwise spent on large-scale projects and more than $2 billion on network infrastructure.

The report also found reaching the market operator’s consumer energy resources target would see 3.6 million more homes install solar batteries, save all electricity users between $35 to $71 a year, and create thousands more jobs in manufacturing, installation and maintenance.

The findings show investing in household renewable technology had obvious advantages for the wider community, Clean Energy Council distributed energy policy director Con Hristodoulidis said.

“It is critical that we get the policy settings right to maximise the benefits of Australia’s rooftop solar success story,” he said.

“Australia’s electrification journey has only just begun and adopting (consumer energy resources) at even greater scale will be the key to lowering bills and a timely energy transition.”

Mr Hristodoulidis said the report also identified policies needed to support household investments in renewable energy, which range from education and consumer protection to incentives and targets.

The study recommended the federal government introduce a National Home Battery Saver Scheme in 2025 offering incentives of up to $6500 for households to install a solar battery and connect it to the grid, which would include an annual benefit.

Other support, it said, should include incentives for landlords to install electric appliances, solar panels and batteries, as well as a $100 million Community Empowerment Fund to provide education to consumers, businesses and community groups about renewable energy technology over 10 years.

The council’s recommendations come after the market operator’s draft 2024 consultation found consumers could provide up to 34 gigawatts of renewable energy storage by 2050.

Australia is a world leader in residential solar installations, with almost one-in-three households having installed solar panels.

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One Response to Grants for homes ‘save billions on big energy projects’

David says: 11 June 2024 at 4:17 pm

The trouble with all these reports is they politely leave some fundamentals out.

Why would the energy providers (and remember that high level politicians leave politics and join the boards of such companies) have anything to do with customers having their own batteries? Giving customers their own batteries impacts on the ability for energy providers to pay for solar generate power, for example, ~8c/kwh and on sell at ~45c/kwh (depends on exactly where you are). Stick a battery in everyone’s house and you’re now only getting the peak rate when the battery is flat. Better for the energy companies to install their own separate battery storage facility which they can buy at the lower rate and sell at the high rate. No doubt when the economics are right and/or the government were to get serious about battery subsides the energy companies will roll out “no need for houses to install dangerous fire hazards on their houses when we are rolling at battery facilities that will do exactly the same while minimising the impact on customers”. We should have had decent battery subsidies years ago and we’re not because of the impact it would have on energy providers.

As for the CSIRO report on green energy, it is all well and good but what happens on those still cloudy days and nights and how many rainforests and natives do we want to displace to mine what we need for the battery farms? Let’s factor that into the costs. We’re going to trash part of the planet for our energy needs as we have no intelligence to stop the population growth. Let’s get real about the real environmental impact of all solutions and which ones have least long term requirement in terms of trashing pristine parts of our planet. Try telling the people in another country they need to have their jungles flatten because we don’t want to take the risks or store the residue of our own energy needs in our own country.

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